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Ascent Innovations

Ascent Innovations is a global consulting firm and top rated Dynamics 365, certified partner that empowers organizations around the world to digitally transform and grow their businesses.

Safety Stock. Safety stock or buffer stock is the additional quantity of an item above the desired quantity that is held in the on-hand inventory.

Safety Stock

Such extra inventory is held with the sole purpose of avoiding the risk of running out of stock. Importing custom data in D365 Data Entities. Every organization has custom data that is specific to their operations/process.

Importing custom data in D365 Data Entities

Most organizations see tremendous value in bringing over that data to work with your enterprise software system either interactively for transactions or use for reports/dashboards. ABC Analysis. ABC analysis is the process of classifying the inventory into A, B and C classes based on their relative significance to business, either by their monitory value, utilization, carrying cost, and other factors.

ABC Analysis

This allows leaders to allocate the company’s resources to maximize the efficiency. Class A: Very important for an organization.High value, so tighter control, accurate records and frequent valuation required.Small (5-15) % of items account for Large (65-80) % of the value (consumption, costs, activity, etc.) Class C: Is not critical for company’s operations.Comparatively low value so management will not lose sleep on the accuracy of inventory.Large (80+) % of items account for a relatively small (<15) % of the inventory value/consumption. Class B: Replaceable Attributes in D365 Operations. We will take a scenario and help walk through the process of when and how to use Replaceable Attribute feature in Dynamics 365.

Replaceable Attributes in D365 Operations

Standard business scenario We were working for an extension modelling in Dynamics 365 for Operations in standard Bank module. The standard process is to download the “Bank Positive Pay” file information, which will be downloaded as text file. Change Request. Procurement Goals: We Don’t Need Any Toner - Ascent Innovations LLC. Request for Quotation Good, Fast or Cheap.

Procurement Goals: We Don’t Need Any Toner - Ascent Innovations LLC

While typically used in project management, the principles of the Iron Triangle are certainly applicable to procurement. Nowhere is this more apparent than during the Request for Quotation process. D365’s RFQ functionality allows purchasing to send out requests to multiple vendors, track progress, record the responses and then compare all the results to pick the best option. The winning RFQ is then converted into a purchase order so the team has full visibility of the purchasing lifecycle. Purchasing Agreements. Consignment Inventory or Vendor-owned Inventory. Consignment inventory is an element of supply chain management in which the vendor inventory is held at the customer warehouse.

Consignment Inventory or Vendor-owned Inventory

Why should I Upgrade to Dynamics 365 Fin & Ops? Find few of the benefits of upgrading to Dynamics 365 Finance and Operations Cloud. 1.

Why should I Upgrade to Dynamics 365 Fin & Ops?

Functional Enhancements Few new features and functionalities those were not available in Microsoft Dynamics AX, that are now built-into Dynamics 365 Fin & Ops. Advance WarehousingTransportation ManagementMobile Time sheetProject EnhancementsAuto Bank ReconciliationPositive PayEnhanced Financial DimensionsRFQ (request for quotation)Purchase RequisitionPublic SectorAzure Dev OpsTask RecorderAutomated Testing SuiteGlobal Address BookOffice 365 Add-inVendor Collaboration PortalRetail & POSProduct CatalogsTrade Allowance There are many more additional functionalities available through App Source, from Microsoft and third-party providers. 2. Your data and workflow seamlessly moves across all your departments. FinanceOperationsProject ManagementCustomer ServiceTalentSalesField ServiceRetail 3. 4. 5. Hackers demand $2 million from Monroe College. Cybercriminals used ransomware to disable the technology systems at New York’s Monroe College, according to Inside Higher Ed.

Hackers demand $2 million from Monroe College

They locked Monroe students, faculty and staff members out of the college’s Learning Management System, Blackboard and email system, and are now demanding about $2 million in Bitcoins. Microsoft Dynamics 365 Finance & Operations - Deployment options. You can now deploy Microsoft Dynamics 365 for Finance and Operations in the cloud or on-premises.

Microsoft Dynamics 365 Finance & Operations - Deployment options

Cloud deployments offer a software system that is fully managed by Microsoft, while on-premises deployments as name suggests, are deployed locally within a customer’s data center. Important: On-premises deployments of Microsoft Dynamics 365 for Finance and Operations are NOT supported on any public cloud infrastructure, including Azure. The following table provides a comparison of the capabilities provided by the two deployment options. Why cloud Cloud deployments provide a cloud service that is easy to scale up or down as needed, as well as data centers that are fully managed by Microsoft.

The time spent implementing Finance and Operations can be significantly shortened, fewer customizations may be required, and the costs of IT hardware and infrastructure are lower. Microsoft Dynamics 365 for Finance and Operations begin One Version era. Microsoft Dynamics 365 for Finance and Operations has entered the so-called One Version era, in which customers will say goodbye to traditional ERP upgrades and apply an ongoing and mandatory series of smaller updates to their systems on a monthly to quarterly basis.

Microsoft Dynamics 365 for Finance and Operations begin One Version era

Microsoft has made the case for the transition, hoping to convince current Finance and Operations (D365FO ) customers that the new approach will benefit them in the long-run, and that Dynamics AX customers that upgrade will never have to endure another upgrade project in the future. This is in line with Microsoft Office 365 Upgrade philosophy. The transition comes at a time when D365FO is growing and adapted at a far higher pace than ever before in the ERP product family. Automate work while on-the-go. Training is Vital Or: Why Navigating a Cozy Coupe is Not Driver’s Ed. - Ascent Innovations LLC.

Collaboration : Not only are system upgrades seen as unnecessary, they are often perceived as marching orders from the C-Suite. System upgrades gives management and workers a chance to improve together as a cohesive unit. The upgrade is probably new to everyone so try to make it a team-building opportunity instead letting it devolve into a Real Housewives episode.Reprieve : Building a team of users who understand the new system invariably makes it easier on management and the VAR. Empowering other employees with knowledge gives everyone additional resources for troubleshooting and training.Course Correction : Intensive, hands-on training gives the decision-makers access to the people who use the system.

Often, it’s those individuals who will identify potential issues, risks and better methods. This is a great follow-up to the surveys, interviews and process documentation that was TOTALLY done before the project began. Dynamics 365 Finance & Operations April 2019 release. Blog - Ascent365. Contact Us - Ascent365. Home - Ascent365.