Waris Khan

 I tem Model Group:   The item model group field is used to determine how items are controlled and handled on receipt, issue, and also calculating consumption.   An item model group can be assigned to multiple items which can assist in the control of several items using the same setup.  In the next demonstration, we will further explain the fields that can be selected when setting up an item model group. Navigation : Inventory Management –>  Inventory –>  Item Model Group. Stocked Product: Select this option to indicate that the product should be handled in inventory. Products that are handled in inventory generate inventory transactions. These products can be included in cost calculations. On-hand quantities can also be maintained for these products. Stocked products include items and services. A service cannot be added to stock. However, the program requires that pro forma stock transactions be generated for services that contribute to the inventory value of tangible goods. For

  Inventory costing Inventory costing plays a significant role in knowing the true financials of an organization and is quite a comprehensive topic. This post is share knowledge about various costing options, however their Fitment to the business model, industry vertical, compliance, etc. requires a detailed exercise, niche expertise and spans multiple domains cost accounting, financials, supply chain, etc. Sharing insights on inventory costing models available in New Microsoft Dynamics AX and their behind the scenes calculations: FIFO LIFO LIFO dated Weighted average Weighted average dated Moving average Standard cost. Let’s assume that a shopkeeper purchases 6 items for the cost of Rs 50 and 4 items for the cost of Rs 55. So, the total items’ cost is 6*50 + 4*55. The company sells 4 items. Now, there are 6 + 4- 4 = 6 items in the company warehouse. So the possible cost of item remained in the warehouse are: Possible Combinations: (6 – 4) * 50 + 4 *55             = Rs 320 (The company

  End-to-end scenario for the Fleet Management sample application This tutorial walks you through an end-to-end scenario that the Fleet Management sample application is designed to support. In this tutorial, you’ll take a tour of the Fleet Management sample. The overviews in this tutorial provide some background knowledge and contextual info. You’ll walk through an end-to-end scenario that this sample application is designed to support. This is information that you should have before proceeding to other tutorials. Prerequisite You must first be provisioned as an end user before you start this tutorial. This tutorial mainly explores the Fleet Management Migrated project and the application that it builds. Installing the demo data To work with the sample, you must install the provided demo data. In the virtual machine (VM), open Internet Explorer and navigate to the application's base URL. Sign in. On the dashboard, open the navigation pane and go to  Fleet Management > Setup>