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Advanced Inventory Management Features in Microsoft Dynamics 365 Business Central

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Dynamics 365 Business Central

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Dec 14, 2024

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  • Inventory management in Business Central is based on items that a company buys and sells, supporting advanced features like inventory reconciliation, cost applications, and item tracing.
  • Automatic Cost Posting in Business Central updates general ledger accounts involved in inventory transactions in real-time, with the need for manual adjustments in certain situations.
  • The Inventory
  • G/L Reconciliation page provides visibility of inventory transaction amounts and costs posted to the general ledger, structured as a matrix with columns and rows.
  • The Application Worksheet in Business Central allows for the removal and reapplication of entries to manage the flow of goods between inventory receipts and shipments.
  • Business Central allows for the handling of units of measure for items, with best practices recommending the smallest unit as the base and alternatives as multiples of the base.
  • Physical inventory counting, or cycle counting, is used to count items on inventory on a scheduled basis, with different frequencies based on the item type, value, and turnover.
  • Cycle counting in Business Central can be performed through Physical Inventory Orders or Physical Inventory Journals, allowing for planned or ad-hoc inventory counts respectively.
  • The item tracing feature in Business Central enables users to trace the movements of items with tracking such as lot, serial, or package, providing traceability from usage to origin.

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