And to make sure that it goes smoothly, you can have On-hand inventory.
Now, you might be thinking that what is inventory On-Hand?
On-hand inventory is all the stock available at the store or online eCommerce website. You can say the items that ready to sold and used by the customers.
What is on-hand inventory in D365 for FO?
The general inventor on-hand is also offered in Dynamics 365 Finance and Operations. It is the form used various times because of its ability to show the real-time view of on-hand inventory. The form is quite a busy form, yet an important one for any organization.
You can simply open the form, add a filter, and set up all the settings as the requirement of the company.
How you can you use On-hand inventory in D365 FO?
Inventory on-hand form is essential and once you get the idea to use it, you will be relieved when you have to calculate the day on hand of inventory. Therefore, you can take the training or consult from the experts at DFSM to help you with the navigations in a form. However, the following are the few important buttons that you can use, and also it will ease the management of inventory.
- Using a transaction button, you can check the transaction details.
- Set up the storage, transaction, and tracing dimensions as you need.
- Rest move on to the fields and fill them up.
- You can further create a reservation and see the result.
- You can manage the inventory on hand adjusting entry too for maintaining the general ledger.
Furthermore, the form offers you the modifications that allow you to add the item and details considering all aspects. You can trace the item, reset the shelf life dates, or even reset the vendor batch details. More buttons include:
- Inter-company on-hand
- Quantity adjustment
- Released product details
- Counting history
- Inventory batch attributes
- Reset batch disposition code
- Inventory blocking
- Quality orders
- Net requirements
- ATP information
- Supply overview
Each button mention above enables you to enter or modify the details about the on-hand inventory without any hassles. If you understand the form, you can easily calculate the inventory days on hand.
Still, wondering? How to calculate inventory days on hand?
Divide the inventory turnover rate into 365 and you can get the days on inventory on-hand. It is a simple and frequently used inventory on hand formula.
In dynamics 365 you can have the auto inventory days on hand and view the results through the data you stored through the form.
Get in touch!
You might have a great idea by now how the On-hand can give you a better isight and control over your inventory.
By using the form you can find multiple ways to ease your inventory management and offer exceptional customer services to your customers. And if you need expert advice, we have a team with hands-on experience on the form in DFSM to guide.