Manage Consigned Inventory Using Microsoft Dynamics 365 for Operations (AX7)

The use of consignment inventory represents a common practice in many industries. While it may be best known in the retail industry, it also applies to manufacturing companies with consigned inventory of production components. The component inventory is owned by the supplying vendor but stored at the company's site. The company takes over the ownership when needed, and the need for payment occurs after the change in ownership. Capabilities for managing this consigned inventory have been introduced in the latest release of Dynamics 365 for Operations, whereas previous versions of Dynamics AX required a workaround.

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About Scott Hamilton

Scott Hamilton has consulted globally with several hundred manufacturing/distribution companies on SCM and ERP issues. His publications include multiple books about SCM using Dynamics AX as well as two textbooks about SCM/ERP, and his books have been translated into Russian, Chinese and Japanese. For more than 10 years, Scott has been a frequent speaker at Microsoft and AXUG conferences around the world, and a multi-year winner of the rarely given Microsoft MVP award for Dynamics AX. His regular column “The AX Solution Architect” is published in MSDynamicsWorld.com.

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