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 companys 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.

Course Objectives:

• Understand how Inventory Control module transactions integrate with other Great Plains modules and improve your business bottom line.
• Use the Inventory Control module to process receipts, make adjustments to inventory, and transfer transactions.
• Use Inventory Control inquiry screens and reports to extract and analyze appropriate information to maintain and improve inventory business processes.
• Create and assemble kits.
• Understand how maintenance screen options affect transactions in the Inventory module.
• Process physical inventory transactions and record the results.
• Document month end processes and close the Inventory module.
• Define setup options for the Inventory module that allow you to customize your system to better fit your organizations unique needs.

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