Dynamics 365 Consignment Inventory Improvements

Views (1759)

Ellipse Solutions

1,285

Like(0)

Report

According to the Urban Dictionary, “Consignment” means “to give over to the care of another; entrust.” Looking for an easier way to manage Consignment Inventory? Dynamics 365 for Operations has the solution.

With the addition of the “owner” inventory tracking dimension, Consignment inventory can now be set up and tracked from requirement to receipt, then on to use and finally payment. Only inventory quantities and transactions are tracked in Dynamics 365; no financial impact is recorded to general ledger until ownership is transferred. Consignment is now an activity on the Procurement and Sourcing Area Page where Replenishment Orders and Inventory Ownership can be managed.

The inventory can be reserved because it is counted as “on-hand” making inventory management more accurate and straight-forward. Consignment Inventory can also be moved around by simply using a Transfer Journal. And better yet, the Item Counting Journal can now be used to adjust inventory if the need arises.

To get started tracking Consignment Inventory in Dynamics 365 for Operations, check out the full post and guide on our blog!