Microsoft Dynamics AX 4.0 Trade and Logistics Set 2

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Microsoft Dynamics AX 4.0 Trade and Logistics Set 2

What are the steps necessary in setting up warehouses in order to send an item into quarantine?

Only a quarantine warehouse must be specified for the item. ✘ None, the default warehouse have a quarantine warehouse attached to it by default. ✘ A quarantine warehouse must be created and assigned to a default warehouse for the item. ✘ Both a quarantine warehouse and a transit warehouse must be assigned to the default warehouse forthe item. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

The item OL-2500-T is a high risk item. Your company needs to be able to trace each of these items back to purchase and forwards to sales if it becomes necessary to recall the items. Which of the following options do you choose to ensure this full traceability?

Set up a unique inventory model group for the item. ✘ Manually allocate unique serial numbers to the items on issue. ✘ Assign a number sequence to the item that uniquely identify each item on receipt. ✘ Set up the items inventory model group to automatically assign unique Lot IDs to each item. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

If the dimension 'Warehouse' in the Inventory dimension group, and the parameter 'Primary Stocking,' are simultaneously selected, which of the following is correct?

The dimension is not required when physically updating item receipts or issues. ✘ The dimension must be specified when physically updating item receipts or issues. ✘ Microsoft Dynamics AX 4.0 will always suggest the default warehouse stated in the Items table;however, it may be decided to delete this suggestion and leave the dimension blank. ✘ Microsoft Dynamics AX 4.0 would calculate the average inventory value per warehouse. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

If the Create new function is used in the inventory journal to create new journals, how does Microsoft Dynamics AX 4.0 know which journal name to use?

When creating the journal names in the journal setup, linking the different journal types (counting, movement, transfer etc.) to journal names occurs. ✘ When creating the journal, a look-up form will be opened from where the journal name is selected. ✘ The name is inherited from the last created journal. ✘ The default journal name per journal type can be entered in Inventory parameters. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

A contract with a new vendor regarding supply of batteries has been made. Since it's a new vendor you want to send all items received from this vendor into quarantine in order to check the quality of the batteries until you feel confident with the vendor and the quality of the items. How is this managed in Microsoft Dynamics AX 4.0?

This is managed from a location in your normal warehouse. ✘ This is managed from the Vendors form. The vendor is set up with special trade agreements. ✘ This is managed from the Purchase order form. You manually have to send the items into Quarantinewhen updating the packing slip. ✘ This is managed from the Items form. You have to set up the items inventory model group to send theitems to the quarantine warehouse automatically. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

When will Microsoft Dynamics AX 4.0 use defined ledger accounts for 'Profit' and 'Loss' set up in Inventory Posting?

When updating the inventory with a profit or loss through the corresponding Profit/Loss Journal When transferring items in the Movement journal When opening and closing the inventory When updating a counting journal with discrepancy

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

The item Lamp Transformer has been set up with the following specifications: In the batch number group assigned to the item, the allocation method is set up with the check boxes Only for inventory transactions and On physical update both selected and 10 is specified in the Per qty. field. The items dimension group has batch number activation. When a purchase order for 200 Lamp Transformers are posted when are the batch numbers allocated to the items and how many inventory transactions are made?

The batch numbers are allocated on receipt list update and 20 transactions are made. ✘ The batch numbers are allocated on packing slip update and 20 transactions are made. ✘ The batch numbers are allocated on receipt list update and 200 transactions are made. ✘ The batch numbers are allocated on packing slip update and 200 transactions are made. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

When you receive the invoice from a transportation company after the purchase order is posted, how can one ensure the cost price for the purchased items is updated accordingly?

Link the transportation invoice to the purchase order before posting the invoice journal. ✘ Adjust the cost prices in the Profit/loss inventory journal. ✘ This can only be done from the periodic function Adjustment on inventory transactions. ✘ Update the purchase order invoice using the Miscellaneous charges adjustment function. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Which option would you choose to reduce the effect of seasonal prices to the contribution margin for purchases?

Set up trade agreements for vendors ✘ Microsoft Dynamics AX 4.0 will not provide the answer ✘ Use the FIFO inventory model in the inventory model group ✘ Use the inventory model Weighted avg.date in the inventory model group ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

10.

You mark a sales order line for 50 pieces of an item against a purchase order lot of 300 pieces of the same item with same inventory dimension. How are item references updated between the sales order and the purchase order.

Item references are not updated at all as the sales order is not marked against the whole purchase order quantity ✘ The sales order item reference is updated on the purchase order line and the purchase order itemreference is updated on the sales order line line ✘ The purchase order reference is updated on the sales order although not the other way around. ✘ The purchase order reference is updated on the sales order line only if the Parameter Updatereferences is selected in Inventory management Parameters ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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Microsoft Dynamics AX 4.0 Trade and Logistics Set 2

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