Supporting the daily plan for your company’s operation is itself a task. To ease the process and lessen your burden, Microsoft Dynamics 365 is offering all the features you need. It helps you in coordinating the Supply chain management including the manufacturing. This article is all about the master planning capabilities of the tool and how you can plan an informed future for your organization and set a high-quality standard for your company.
So, if you own a manufacturing business, you need to learn about master planning to improve the overall functional abilities of your business.
Types of the master plan dynamics 365 finance and operation
If you are on the page of master plans, you can now easily configure the plans, but before you begin, know that there are two basic types of plans:
This is the type of master planning where it uses the current data, and the plan remains unchanged until you change it manually. Moreover, it is quite beneficial for the production planner for making any kind of future decisions and also performs their activities with ease.
The plan requires some basic requirements in the beginning and you can change it after the master data changes. For example, you create a new sales order, you can easily monitor the changing order and item availability without disturbing the static plan for workers.
Companies can determine their work process and use either of the plan or both as per their need.
How can you use the dynamics 365 master planning to your advantage?
There is functionality in the master planning feature where you can plan for the expiring of the material before using it. So, no more worries for accruing excess waste if you know about using the Shelf life setup and its working:
ERP Shelf Life setup
·Product Dimension group
In order to enable the shelf-life control, the batch reference and required dates are recorded on every transaction and upon every receipt of the item. This tracking dimension is used to set the period in days to ensure that item is re-sellable. Moreover, it includes a manufacturing date that helps in determining the advice date on time.
· Shelf life period in days
It is known to be the number of days before the expiration of the product. It is added to the manufacturing date for deriving the expiry date. And it is the date when the product is no more sellable.
·Best before the period in days
This is the date when an item or product is worthy to sell, but it may not hold its original features. To calculate the best before date, you will subtract it from the expiry date.
·Master planning parameters
Parameters need to Use shelf life dates activated. Through this master planning can create a planned order when inventory is near the expiry date.
So, you can now manage minimum or maximum stock levels in the warehouse through master planning.