Sometimes, our customers want to know how Business Central calculates an item’s average cost. We provide a simple example to illustrate how this calculation is applied to inventory. Microsoft explains how it calculates Average Cost as follows: The calculated average cost is then applied to the inventory decreases for the item (or item, location, and… Continue reading Calculate Average Cost in Microsoft Dynamics 365 Business Central
Category: Manufacturing
How to Initialize Production WIP for a New Business Central Implementation
A common issue when getting a client ready to go live in Business Central is Production Work in Progress (WIP). Normally, we ask the client to complete all in-process Production Orders because it can be difficult to account for open transactions. The process below describes a proven method for setting initial WIP balances on Released… Continue reading How to Initialize Production WIP for a New Business Central Implementation
Understanding the Planning Parameters in Microsoft Dynamics 365 Business Central: Additional Settings
Previously, we discussed Business Central’s reordering options (Order, Lot-for-Lot, Fixed Reorder Quantity, and Max Reorder Quantity). We also discussed several general planning parameters in Business Central that apply to your reordering policies. Business Central offers additional settings that apply to specific planning and reordering situations: Lot-for-Lot Parameters Lot-for-lot is a reordering policy that replaces the… Continue reading Understanding the Planning Parameters in Microsoft Dynamics 365 Business Central: Additional Settings
Understanding the Planning Parameters in Microsoft Dynamics 365 Business Central: General Settings
In our previous blog, Understanding the Reordering Options in Business Central and When to Use Them, we discussed the four reordering policies available in Business Central – Order, Lot-for-Lot, Fixed Reorder Quantity, and Max Reorder Quantity – and the circumstances when each policy is typically used. Going deeper, we see that there are Reordering Policy… Continue reading Understanding the Planning Parameters in Microsoft Dynamics 365 Business Central: General Settings
Understanding the Reordering Options in Business Central and When to Use Them
Our clients frequently ask, “Which reordering option should I use?” Since every business is different, there is no single correct answer. But there are situations where one option is better than another. Let’s outline Microsoft Dynamics 365 Business Central’s reordering options and when they are typically used in manufacturing. To dive deeper into Business Central’s… Continue reading Understanding the Reordering Options in Business Central and When to Use Them
Using Phantom BOMs in Business Central to Streamline Manufacturing
In manufacturing, the Bill of Materials (BOM) defines the items, parts, assemblies, and sub-assemblies required to create a finished product. These components are often discrete items and sub-assemblies purchased or manufactured and placed in inventory for later use. A phantom BOM represents the elements that are used to create a sub-assembly that is an essential… Continue reading Using Phantom BOMs in Business Central to Streamline Manufacturing
Protecting the Supply Chain from Nation-State Attacks
Cybersecurity aims to remain at least one step ahead of cybercriminals at all times. Cyberattacks are often considered to be the actions of bad actors motivated by monetary gain. However, nation-state attackers threaten to disrupt business, educational, and government operations and are often not motivated by money. What are nation-state attackers? Nation-state attackers are individuals… Continue reading Protecting the Supply Chain from Nation-State Attacks
Top 7 Challenges Facing the 3PL Industry in 2024
Third-party logistics (3PL) companies play a vital role in today’s supply chain. The rise in eCommerce and persistent consumer demand has led to many new opportunities for the industry. And yet, as we start a new year, 3PL companies face many challenges in today’s complex and dynamic business environment. Key 3PL challenges and solutions 1.… Continue reading Top 7 Challenges Facing the 3PL Industry in 2024
Choosing the Best Warehousing Style for Your Business
On the face of it, warehouses are a simple concept: it’s where you store the items you will sell. But for manufacturers, distributors, and retailers, warehouse management and logistics are integral to their business. Warehouses are used for various purposes: storing raw materials and components for manufacturing, holding inventory before it is sold or distributed,… Continue reading Choosing the Best Warehousing Style for Your Business
Navigating the Complexities of Automated Data Collection in Warehousing
Implementing automated data collection into your warehouse management is essential for efficient and accurate inventory management. However, there are several considerations to consider before making your final decision. Do you choose barcoding or RFID? Which scanner works best for your warehouse? What information do you put into the barcodes? This article discusses some of the… Continue reading Navigating the Complexities of Automated Data Collection in Warehousing