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8816: Inventory Control in Microsoft Dynamics GP 10.0



8816: Inventory Control in Microsoft Dynamics GP 10.0 Course Description

The Microsoft Dynamics GP Inventory Control course explores all aspects of the Inventory module from the initial setup of inventory items and the multiple methods of valuation supported, to the types of inventory transactions available and the tight integration to the Purchase Order Processing and Sales Order Processing modules.

You learn how to control inventory challenges and maximize your company's net profits based on the way you do business. This course shows you how to define default inventory account numbers, COGS, variances, sites, product classes, valuation methods and more, which will improve efficiency and cut down on costly data entry errors. This course shows you how to group items for pricing, promotional, or analytical purposes and by type, such as finished goods, raw material, component, and more. You learn how to quickly find information such as inventory quantity on hand, quantity available, quantity on back order, costs, and list prices, and where to drill down to transaction details. You learn how to manage multiple sites, multiple bins within sites, negative quantities, and lot/serial numbers. You see how Lot/Serial Number tracking is streamlined during inventory transaction entry.

Intended Audience for the 8816: Inventory Control in Microsoft Dynamics GP 10.0 Course

  • Inventory Control training is recommended for anyone who plans to implement, use, maintain, consult, or support any part of the Inventory and Order Processing series. The class is targeted toward administrators, office managers, CEOs, and consultants who need to understand the technical aspects of Inventory Control and gain foundational knowledge of the application functionality.

8816: Inventory Control in Microsoft Dynamics GP 10.0 Course Objectives

  • Understand how Inventory Control module transactions integrate with other Dynamics GP modules and improve your business bottom line
  • Use the Inventory Control module to process receipts, make adjustments to inventory, and transfer transactions
  • Use Inventory Control inquiry screens and reports to extract and analyze appropriate information to maintain and improve inventory business processes
  • Create and assemble kits
  • Understand how maintenance screen options affect transactions in the Inventory module
  • Process physical inventory transactions and record the results
  • Document month end processes and close the Inventory module
  • Define setup options for the Inventory module that allow you to customize your system to better fit your organization's unique needs

8816: Inventory Control in Microsoft Dynamics GP 10.0 Course Outline

    1. Chapter 1: Overview and General Setup
      1. Course Description
      2. Module Overview
      3. Process Flow
      4. Inventory Setup
      5. Unit of Measure
      6. Price Levels
      7. Prices Groups
    2. Chapter 2: Setup Procedures
      1. Procedures for Setting up Inventory Items
      2. Item Classes
      3. Inventory Items
      4. Price Lists
      5. Inventory Quantities
      6. Bins
      7. Purchasing
      8. Vendors
      9. Kits
      10. Lot Categories
      11. Beginning Quantities
      12. Stock Calendar
    3. Chapter 3: Inventory Control Daily Procedures
      1. Inventory Batch Posting
      2. Inventory Single Posting
      3. Changing Quantity Types
      4. Cost Variance Journals
      5. Adjustment Transactions
      6. Variance Transactions
      7. Transfer Transactions
      8. In- Transit Transfers
      9. Stock Counts
    4. Chapter 4: Editing and Retrieving Records
      1. Change and Delete Records
      2. Change Valuation Methods
      3. Change Decimal Places
      4. Adjust Costs
      5. Remove History
      6. Remove Bins
      7. Reconcile
      8. Price List Utilities
      9. Item Inquiries
      10. Creating/Printing Inventory Reports
    5. Chapter 5: Period and Year-End Procedures
      1. Period-end Checklist
      2. Printing Reports
      3. Completing ABC Analysis
      4. Closing the Fiscal Period
      5. Year-end Closing

    Benefits of taking the 8816: Inventory Control in Microsoft Dynamics GP 10.0 course at NetCom

    • Why choose Microsoft Dynamics Training at NetCom Learning?
      As a recognition for training excellence, NetCom Learning was chosen by Microsoft as the 2007 Worldwide Learning Solutions Partner of the year out of 1400 training companies.

      In addition, we have won numerous other training awards for quality and customer satisfaction by CompTIA, EC-Council and other vendors. We are simply passionate about learning and achieving the highest customer satisfaction in your learning experience!

      See the training value proposition below:

      Why Microsoft Dynamics Training at NetCom?
      NetCom Information Technology is a Microsoft Gold Certified Partner for Learning Solutions (CPLS). CPLS is the premier training channel and delivery mechanism for Microsoft Dynamics training content. On July 11, NetCom was honored by Microsoft as its Learning Solutions Partner of the Year. Selected as the Number One CPLS, from over 1400 worldwide CPLS's, Microsoft recognized our commitment and ability to deliver high-quality learning services using a consultative engagement model. We could not have achieved this coveted status without the help and support of our customers and well wishers - thank you!!

      Microsoft Certified Partner for Learning Solutions Value Proposition:
      Microsoft Certified Partner for Learning SolutionsNon-authorized Training Center
      Only MCT (Microsoft Certified Trainers) are authorized to teach the classNon MCT can teach the course
      Taught using Microsoft Authorized Courseware (MOC), includes free evaluation software and online trainingDo not have access to official courseware
      Partners adhere to stringent Microsoft designated lab requirementsComputer and lab equipment may not be up to requirements of course
      Successful candidates are awarded Certificate of Completion directly from Microsoft for most of the coursesNot authorized to issue Certificate of Completion
      Overall, a better quality training experienceSubstandard training experience

    • NetCom provides Authorized Training
      NetCom Learning is a Microsoft Gold Certified Partner for Learning Solutions (CPLS), Cisco Learning Partner, CompTIA Platinum Partner, EC-Council Accredited Training Center, Adobe Authorized Training Center, Autodesk Authorized Training Center and many others. We are proud to offer the highest quality, authorized training solutions from our many partners for our customers.

      See our comprehensive list of partner authorizations.

    • Award winning, world-class Instructors
      Ginger M.
      - Bachelor's Degree in Accounting and a Masters of Business Administration from Rutgers University.
      - Over 9 years of experience as a Master Certified Trainer. Expert in MS Dynamics GP Financials, Installation, HR/Payroll, Project Accounting, Inventory and Integration Manager.
      - Project Manager to various MS Dynamics Great Plains implementations.

      Bio:

      Ginger holds a Bachelor's Degree in Accounting and a Masters of Business Administration from Rutgers University. Her career started as an Auditor for Deloitte & Touché and over the years she developed her passion for Microsoft Dynamics, implementing Dynamics GP and Project Cost in the Professional Services, Commercial Real Estate and Medical Facilities vertical markets.

      Ginger's experience with Microsoft Dynamics is unparalleled. As a Certified Master Dynamics trainer, she stays abreast of the latest Dynamics modules and shares experience with a very hands-on training technique at NetCom Learning.
      Ignacio J.
      - Designs and architects Microsoft IT solutions since the early 1990s.
      - Hands-on experience in multiple Microsoft Dynamics products including CRM, GP, SL, AX and NAV since 2004.
      - Taught over 250 courses at NetCom Learning.

      Bio:

      Ignacio is a Senior Solutions Architect, Civil Engineer and Certified Expert Trainer. He has been designing and architecting Microsoft IT solutions since the early 1990s, and has extensive experience developing scalable and high performance integration solutions. In 2004, Ignacio expanded into business management and accounting software as well, where he gained hands-on experience in many Microsoft Dynamics products including CRM, GP, SL, AX and NAV.

      Ignacio holds a library of industry-wide certifications from Microsoft and other leading IT vendors. He has taught over 250 courses at NetCom Learning and is revered by students for his wide-ranging IT expertise.
      Lynn D.
      - Over 25 years of experience working as Senior Financial Analyst and Senior Auditor.
      - Professor of Graduate Management and Business School at the University of Phoenix since 2007.
      - Microsoft Certifications in Financials, Trade & Logistics, Production and Human Resources Management as well as Microsoft Certified Trainer (MCT) since 2009.

      Bio:

      Lynn is a very accomplished Senior Financial Analyst and Senior Auditor with over 25 years of experience. She has been a Microsoft Certified Trainer since 2009 and a Professor of Graduate Management and Business School at University of Phoenix since 2007. In addition to several other Microsoft certifications, she is also a specialist in Microsoft Dynamics AX.

      Lynn has taught several Microsoft Dynamics AX courses at NetCom Learning and is described by her students as very knowledgeable, qualified, and patient with her approach. Her classes are very dynamic and energetic, just as the course per se.
    • Actual Client Testimonials
      Nov 15 2011
      The Instructor definitely Met the expectations. The Learning Experience was a good starting point. The accomodations were excellent and the Training will be a good starting point for future knowledge increase.

      -Riste. T
      Course(s) Taken

      Sep 29 2011
      The instructor was very knowledgeable covered the material very well. The accommodations are above and beyond what I expected. The learning experience was great. Everything ran smoothly and I'm learning more than I hoped. This class has already had an impact on my career, potential employers were impressed that I was taking both courses on my own(I took vacation and paid myself) I received and accepted the job offer last Monday.

      -Benjerman R.
      Course(s) Taken

      Sep 06 2011
      Stan was great, knowledgeable and willing to answer any questions with depth and accuracy.
      -Christopher W.
      Course(s) Taken

      Sep 06 2011
      Instructor had a great level of experience for the class. Good labs. Didn't really know how I would do on 10 hour days, but it was a good pace and didn't prove to be a problem.
      -Stan W.
      Course(s) Taken

      Aug 23 2011
      Overall the training facilities and instructor were great.
      -Kris S.
      Course(s) Taken

      Aug 16 2011
      Learned a lot of very useful information. Enjoyed the class and discussion.
      -Sandra W.
      Course(s) Taken

      Aug 02 2011
      Classroom environment was good. Remote users delayed class due to connection issue. Highly recommend instructor begin 45min earlier than class time to confirm connections.
      Disappointed by some content being dropped from the training such as workflows, some more advanced out of the box options.
      Instructor had some real world examples which assisted with learning. Some questions that I felt were important to new CRM users and customizes could have been more patiently addressed.
      Labs and books were very detailed about the content covered.
      Need morning snacks. Afternoon snacks should be expanded Lunch was excellent.
      -Deborah B.
      Course(s) Taken

      Feb 04 2011
      Very Informative.
      -Jackie H.
      Course(s) Taken
      • Microsoft Dynamics GP 10.0 - Financials

    • Awards won by NetCom
      NetCom Learning is an award winning, customer focused company. We are simply Passionate About Learning!

      See our list of awards.

    • Specialized Bootcamp Training
      This training is also available as a boot camp. NetCom is world famous for delivering specialized boot camp training to our clients.

      For answers to questions regarding our boot camp training delivery format, please refer to our Boot Camp FAQ section.


    Enrollment Options for the 8816: Inventory Control in Microsoft Dynamics GP 10.0 course

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