Prior to the Wave 1 2020 release, the allocation of charges capability was available only on the Purchasing side of F&O processes. In this blog, we’ll review the Current State process and share some exciting news about Future State process.
As of the spring 2018 release, Microsoft introduced product lifecycle stages for the Dynamics 365 for Finance and Operations user. While this feature is not as complex as a system specifically designed to manage PLM (Project Lifecycle Management), it does add an Alternative Item Numbers functionality and it provides some limiting functionality on transactions. This aids in reduced inventory costs in both finished goods and components, as well as a decrease in aged inventory. In this blog, we will walk through this project lifecycle functionality!
Note: Microsoft refers to these product lifecycles as states, so we will use state, stage, and status here interchangeably.
1. Add each status as a lifecycle state in Dynamics 365.
2. Enter the item status in the State field.
3. Enter the Description.
4. Mark whether this is the initial state when a product is released to a legal entity and should therefore be the default.
5. Mark whether at this state the item should be considered for master planning.
Dynamics 365 now provides a tool to create timeframes for when a product should be considered obsolete.
The parameters can be separated into two considerations:
1. Time from Creation Date – when an item is introduced, there can be many reasons for a slow startup. Some of those could be due to depletion of an older models' inventory, introduction to the market, etc. With that, a business might not want to consider obsolescence within a given period – say 2 years from creation date.
2. Time from Last Transaction – this product is more likely to be a candidate to be rendered obsolete when an item has no transactions for a given period.
To set up the change of a lifecycle state to obsolete, you can do this automatically or you can run a report and review prior to change updates. Until the business is extremely comfortable with this process, it is highly recommended to review these results with each run of the report.
1. For setup, navigate to Product Information Management > Periodic Tasks > Change lifecycle state
for obsolete products.
2. Parameters Fast Tab
3. Records to include Fast tab
4. Run in the background Fast tab
5. Define recurrence – how frequent to run the job.
6. Batch job alerts – any required alerts as the job is processed.
This covers the Project Lifecycle Management functionality introduced with the spring 2018 release. Want to learn more about this subject and more? Our Spring 2018 Update Webinar Series is an excellent resource for staying up to date on the latest CRM and ERP changes for Dynamics 365. Plus, it's all FREE! Register for one or more sessions now.
Happy Dynamics 365'ing!