Specific Costing Method and Serial Number Tracking in Dynamics NAV

Dynamics NAV allows us to choose between FIFO, LIFO, Specific, Average, or Standard Costing Methods (see the related blog, Which Microsoft Dynamics NAV Costing Method Should Manufacturers Choose?) We have not encountered many companies using the Specific Costing Method, but there seems to be some misunderstanding of how the Specific Costing Method requires Serial Number Tracking and vice versa.

Bron : ArcherPoint
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Lot and Serial Tracking in Microsoft Dynamics NAV Clarified

Dynamics NAV provides for very robust Serial Number and Lot Number Tracking.

When I advise clients about Serial and Lot Tracking, I say, “Only do it if you have to, as it adds additional user effort to record a transaction.” There are situations where you must use serial or lot tracking. These situations are primarily in the life science industries, where you might be producing medicines or if there is a human safety aspect to your product. Another situation is where you are subject to recalling defective products.

Bron : ArcherPoint
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Tracking Non-Conforming Material in Microsoft Dynamics NAV

I am often asked how to track non-conforming material in Dynamics NAV.

There is no formal NCMR (Non-conforming Material Report) functionality in Dynamics NAV, but I have handled non-conforming material by creating a location named MRB (Material Review Board) and moving material in and out of that location. Some people would name this location “Quarantine”, especially in the life sciences industry.

Bron : ArcherPoint
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Specific Costing Method and Serial Number Tracking in Dynamics NAV

Dynamics NAV allows us to choose between FIFO, LIFO, Specific, Average, or Standard Costing Methods I have not encountered many companies using the Specific Costing Method, but there seems to be some misunderstanding of how the Specific Costing Method requires Serial Number Tracking and vice versa.

Bron : ArcherPoint
Lees meer…