Microsoft Dynamics 365 Business Central: Manage Inventory
Updated: Aug 4, 2021
YouTube Transcript
in this demonstration we will show you
00:05
how to manage your inventory with
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Dynamics 465 business central to
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accomplish that we will walk through
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five steps including how to review the
00:13
aged inventory review the top selling
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items report review and check the
00:19
inventory and vendor lead time to make
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sure we're making good buying decisions
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enter the purchase invoice and post it
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and then show you some new technologies
00:29
around predicting your inventory needs
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let's begin by reviewing the aged
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inventory so here I am on my home page
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and I'll scroll down and I noticed that
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I've got a report here called the aged
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inventory and I could drill into items
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that are over 120 days in my inventory
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alright so these are key areas or
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metrics that are accessible for me so
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that one area of concern is in my
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business is am i managing my investments
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and/or is my inventory growing going
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stale so when I drill into here I can
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see all the items and the length and
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time in which they've been in our
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inventory next let's go ahead and review
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the top selling items so I select items
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and again I can see here on the Left all
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the items and what I have an inventory
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if I select the reports I get a number
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of different reports I'm looking for the
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inventory statistics report which is
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drilled out here and it's the top ten
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items so it's nice as I can see all the
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items in the inventory but is again the
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top ten we certainly have the Market on
01:37
the Athens desk the Atlanta white board
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in the conference tables good to know
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because providing that information is
01:44
important and essential to know how do I
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manage my inventory next let me see if I
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have enough do I need to think about
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checking inventory and also if I do
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what's the lead time and the cost so I
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have better margins for my business so
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in this case here I want to leverage the
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powerful search capability so I'll enter
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in the search type in purchase advice
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under the planning reports and now I can
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see that my Athens desk
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I've only have seven
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on order I only have 11 in my quantity
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that's not a good sign right
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so the built-in capabilities gives me
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that information I need to figure out
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how do we get those in because it's
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clearly our top-selling item let's close
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out of that report I'm gonna go to the
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vendors and in this report I'll select
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the purchase the vendor item purchases
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and I'll preview that report to
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determine hey of the two vendors that I
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have granted the sample data here
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doesn't give me a lot but the lead time
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as well as the average cost again if one
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vendor provides me with more favorable
02:51
lead time or favorable terms I can see
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that from this report now I'll go ahead
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and enter that purchase invoice so back
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here into either vendors or I can
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certainly choose it on the main actions
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button right there I'm gonna select
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first up consultants they seem to be the
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most responsive for me right now and I'm
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worried too getting these items back
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into inventory so I'll select on that
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purchase invoice enter the purchase
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number or the vendor or invoice number I
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could type the item number make sure
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those athens desc
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let's get 25 of those in here right away
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and I'll post that and then I've got the
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posted purchase invoice there if I drill
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into the balance again you can see that
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I've got this brand new purchase invoice
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in the amount of $20,000 for fabric ham
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now while managing inventory and
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tracking trends on the top selling items
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is key to managing investments and
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certainly managing your cash business
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central helps organizations to even
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better manage products and services to
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avoid any issues and I'm going to show
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you that using some technology around
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artificial intelligence and using
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something called with Cortana
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intelligence to forecast my needs so I'm
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going to come back into the items and
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you'll notice here on the right hand
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side I have this forecast app right so
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viewing reviewing my vendor or inventory
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items you see that the app is embedded
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in the list page
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and I can toggle between the sales
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forecast which as I see here right so
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this is the sales that I have and pretty
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strong now if I select the inventory
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forecast it tells me a much different
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story and in fact I'm concerned because
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in two months if we don't take action
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based on the current inventory demands
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we'll be short and I'll need to create
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invoice and supply right so again
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thinking about the productivity gains
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I'd have to probably find where I go do
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purchase invoices or I could just simply
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stay right here and the forecast app and
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I can either create the purchase invoice
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or a purchase order and so I'm in the
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