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Training Course Outline

Software Development Courses   Business Solutions Training Courses

M8348: Great Plains V8.0 Inventory Control

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Course Duration: 1 day

Course Code: M8348

Course Description:

The Microsoft Business Solutions – Great Plains Inventory Control class explores all aspects of the Inventory module from the initial setup of inventory items and the multiple methods of valuation supported, to the types of inventory transactions available and the tight integration to the Purchase Order Processing and Sales Order Processing modules.

You will learn how to control inventory challenges and maximize your company’s net profits based on the way you do business. We will show you how to define default inventory account numbers, COGS, variances, sites, product classes, valuation methods and more, which will improve efficiency and cut down on costly data entry errors. This class shows you how to group items for pricing, promotional, or analytical purposes and by type, such as finished goods, raw material, component, and more. We will show you how to quickly find information such as inventory quantity on hand, quantity available, quantity on back order, costs, and list prices, and where to drill down to transaction details. You will learn how to manage multiple sites, multiple bins within sites, negative quantities, and lot/serial numbers. We will demonstrate how Lot/Serial Number tracking is streamlined during inventory transaction entry.

You will be able to simplify entry and reconciliation of physical inventory counts with a variety of options.

Inventory Control training is recommended for anyone who plans to implement, use, maintain, consult, or support any part of the Inventory and Order Processing series. The class is targeted toward administrators, office managers, CEO’s, and consultants who need to understand the technical aspects of Inventory Control and gain foundational knowledge of the application functionality.

Prerequisites:

Before attending this course, students must have:

- General knowledge of Microsoft Windows.
- Knowledge of basic navigation functions in Great Plains.
- Completion of General Ledger, Receivables Management, and/or Payables Management training course required.

Prerequisite courses:

M8344: Great Plains V8.0 General Ledger I

M8346: Great Plains V8.0 Receivables Management I

M8345: Great Plains V8.0 Payables Management I

This course includes the following modules:

Overview

• Course Description
• Module Overview
• Process Flow
• Other Features

Setup Procedures

• Procedures for Setting up Inventory Items
• Item Classes
• Unit of Measure
• Price Levels
• Prices Groups
• Inventory Items
• Price Lists
• Inventory Quantities
• Bins
• Purchasing
• Vendors
• Kits
• Lot Categories
• Reports
• Beginning Quantities
• Stock Calendar

Inventory Control Daily Procedures

• Inventory Batch Posting
• Inventory Single Posting
• Changing Quantity Types
• Cost Variance Journals
• Adjustment Transactions
• Variance Transactions
• Transfer Transactions
• Stock Counts

Maintaining Records

• Change and Delete Records
• Change Valuation Methods
• Change Decimal Places
• Adjust Costs
• Remove History
• Remove Bins
• Reconcile
• Price List Utilities
• Item Inquiries
• Creating/Printing Inventor Reports

Period-End Procedures

• Period-end Checklist
• Printing Reports
• Completing ABC Analysis
• Closing the Fiscal Period
• Year-end Closing

To make an enquiry for this course to be run ONSITE at your location, click here or call Sales on +44 (0) 20 7620 0033.

Perpetual Solutions are a global provider of onsite training solutions throughout London, UK and the rest of the world. For scheduled training our UK partner network provides an unrivalled choice of courses.

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