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MB300 - DECK 1 > MB300 - Deck 1 > Flashcards

MB300 - Deck 1 Flashcards

1
Q

Benefits of Omnichannel applications?

(MB-300 M1 Intro - Unit 1)

A

Turn single interactions into recurring engagements

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2
Q

Benefits of Intelligent services

(MB-300 M1 Intro - Unit 1)

A

Provide prescriptive guidance to help drive better business outcomes.

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3
Q

Benefits of Integrated cloud platform

(MB-300 M1 Intro - Unit 1)

A

Unify people, processes, and data for a 360-degree view of customers and operations.

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4
Q

What combination of Microsoft technologies creates a set of purpose-built applications with threaded intelligence to connect front-office and back-office functions through shared data?

(MB-300 M1 Intro - Unit 1)

A

Unified Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) within Dynamics 365 and Microsoft Power Platform

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5
Q

Microsoft’s rich analytical capabilities provide organizations?

(MB-300 M1 Intro - Unit 1)

A

Deep insights into each functional area of their business

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6
Q

What combination of Microsoft technologies help simplify the process of creating apps and sharing data across all Dynamics 365 applications.

(MB-300 M1 Intro - Unit 1)

A

Unified Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) within Dynamics 365 and Microsoft Power Platform

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7
Q

How did Dynamics 365 Revolutionizes CRM and ERP? by applying intelligence to all forms of data.
This enables organizations to evolve from reactive business decisions to proactive insights that
empower your employees to accelerate business results.

(MB-300 M1 Intro - Unit 1)

A

By applying intelligence to all forms of data.
Enables organizations to evolve from reactive business decisions to proactive insights (that
empower employees to accelerate business results.)

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8
Q

What are the Finance Apps

(MB-300 M1 Intro - Unit 1)

A
  • Dynamics 365 Finance
  • Dynamics 365 Commerce
  • Dynamics 365 Human resources
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9
Q

What are the Customer Engagement Apps

(MB-300 M1 Intro - Unit 1)

A
  • Sales
  • Customer Service
  • Field Service
  • Marketing
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10
Q

Dynamics 365 is the world’s connected business cloud is designed to help?

(MB-300 Intro - Unit 1)

A

better understand your business and act strategically to be successful.

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11
Q

Who/What is Business Central designed for?

(MB-300 M1 Intro - Unit 1)

A

Small and medium size organizations can run their entire business to an ERP solution for supply chain management.

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12
Q

What allow organizations to digitally transform their organization

(MB-300 M1 Intro - Unit 2)

A

Dynamics 365 business applications

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13
Q

What is Digital transformation

(3 things)

(MB-300 M1 Intro - Unit 2)

A
  1. integration of digital technology into all areas of a business
  2. Removes complexity of separate customer relationship management (CRM) and enterprise resource management (ERP) systems by creating modern, modular business applications that work together on a single platform
  3. Gives organizations the flexibility to adopt technology when they need it to help improve business outcomes.
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14
Q

What is the goal of digital transformation

(MB-300 M1 Intro - Unit 2)

A
  1. Change how organizations operate and deliver value to customers.
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15
Q

What can Anomaly detection model in Azure do

(MB-300 M1 Intro - Unit 2)

A

Can predict an impending failure,

I.e. Milling machine in factory sending continuous stream of information about use/health of device tp Azure detection model. Azure can predict the machines failure based on data,

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16
Q

What does digital feedback loop refer to?

(MB-300 M1 Intro - Unit 2)

A

The framework used to highlight how digital transformation is enabled.

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17
Q

What is at the center of the digital feedback loop

(MB-300 M1 Intro - Unit 2)

A

Data

Data emerges from everything. Every product is interwoven with telemetry and the ability to collect data.

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18
Q

What can organizations gain from taking advantage of D365 Business Applications (as shown on digital feedback loop)

(MB-300 M1 Intro - Unit 2)

A
  • Engage customers and build relationships (Customers)
  • Optimize operations (Assets?)
  • Empower employees (People)
  • Transform products and services (Products)
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19
Q

What are the 3 major elements of the Data first driven Digital Feedback Loop

(MB-300 M1 Intro - Unit 2)

A
  • Data: Capture Digital Signals across business
  • Intelligence: Connect & Synthesize data
  • Action: Improve business outcomes
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20
Q

What are the four corners of the business

(MB-300 M1 Intro - Unit 2)

A
  1. ) Customer
  2. ) People
  3. ) Products
  4. ) Assets
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21
Q

What was the frame/thesis that Microsoft used when they set up to build their product

(MB-300 M1 Intro - Unit 2)

A

Digital Feedback Loop

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22
Q

Describe Microsoft Data Storage

(MB-300 M1 Intro - Unit 2)

A
  1. Planet scale footprint of data center capacity
    • Massive scale data storage
    • More regions than AWS, GCP and Google combined
    • Exabyte class data storage scale
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23
Q

What do Azure Intelligence Platform and Azure Application Platform allow you to do?

(MB-300 M1 Intro - Unit 2)

A

Take data turn it into insight and predictions so they can act

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24
Q

What is power platform for?

(MB-300 M1 Intro - Unit 2)

A

Allows citizen developers (non-developers or developers), a low code no code way to develop applications

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25
Q

What is the Industries only comprehensive/wholistic left to right business application family (sister services)

(MB-300 M1 Intro - Unit 2)

A

Office 365 and Dynamics 365

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26
Q

What is App Source

(MB-300 M1 Intro - Unit 2)

A
  • Microsoft’s ISV marketplace
  • 10s of thousands of applications from ISVs that have built up on top
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27
Q

Microsoft Office helps you?

(MB-300 M1 Intro - Unit 2)

A
  • Communicate
  • Collaborate
  • Create
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28
Q

Dynamics 365 Functions across

(MB-300 M1 Intro - Unit 2)

A
  • Sales
  • Service
  • Operations
  • Finance
  • Talent
  • Commerce
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29
Q

From Bottom up what are the unified family of solutions Microsoft built (viewed as laying on top of digital feedback loop)

(MB-300 M1 Intro - Unit 2)

A
  1. Data
  2. Azure
  3. Power Platform
  4. Office 365 + Dynamics 365
  5. App Source (ISV Applications)
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30
Q

What are the Model-driven apps

(MB-300 M1 Intro - Unit 2)

A
  • Dynamics 365 Sales
  • Dynamics 365 Customer Service
  • Dynamics 365 Field Service
  • Dynamics 365 Marketing
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31
Q

What is Dynamics 365 Sales (7 things)?

(MB-300 M1 Intro - Unit 3)

A
  1. Build strong relationships w customers,
  2. take actions based on insights,
  3. close sales faster.
  4. keep track of your accounts and contacts,
  5. nurture sales from lead to order,
  6. create sales collateral, and create marketing lists and campaigns. f
  7. follow service cases that are associated with specific accounts or opportunities.
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32
Q

What is Dynamics 365 Customer Service ? (3 things)

(MB-300 M1 Intro - Unit 3)

A
  1. Allows you to earn customers for life.
  2. Build great customer relationships by focusing on excellent customer satisfaction
  3. features and tools help you manage the services that you provide to customers.
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33
Q

What is Dynamics 365 Field Service ? (2 things)

(MB-300 M1 Intro - Unit 3)

A
  1. Helps you deliver on-site service to customer locations.
  2. Combines workflow automation, scheduling algorithms, and mobility to help you set up mobile workers for success when they’re on site with customers fixing issues.
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34
Q

What is Dynamics 365 marketing? (3 thngs)

(MB-300 M1 Intro - Unit 3)

A
  1. Marketing-automation application helps turn prospects into business relationships.
  2. User-friendly app that works seamlessly with Dynamics 365 Sales, and has built-in business intelligence.
  3. Use Marketing to create graphical email messages, share information across sales and marketing teams, and more.
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35
Q

What are the Finance and Operations Apps

(MB-300 Intro - Unit 3)

A
  1. Dynamics 365 Commerce
  2. Dynamics 365 Finance
  3. Dynamics 365 Human Resources
  4. Dynamics 365 Supply Chain Management
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36
Q

What is Dynamics 365 Commerce (5 things)

(MB-300 M1 Intro - Unit 3)

A
  1. Delivers a comprehensive, omnichannel solution that unifies back-office, in-store, call center, and digital experiences.
  2. Enables you to build brand loyalty through personalized customer engagements,
  3. Increase revenue with improved employee productivity,
  4. Optimizes operations to reduce costs,
  5. Drive supply chain efficiencies.
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37
Q

What does omnichannel mean?

(MB-300 M1 Intro - Unit 3)

A

s a multichannel approach to sales that seeks to provide customers with a seamless shopping experience, whether they’re shopping online from a desktop or mobile device, by telephone, or in a brick-and-mortar store.

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38
Q

What is Dynamics 365 Finance? (4 things)

(MB-300 M1 Intro - Unit 3)

A
  1. Helps automate and modernize global financial operations.
  2. Helps monitors performance in real time, predicts future outcomes, and makes data-driven decisions to drive business growth.
  3. Used to drive strategic financial decisions with AI
  4. Unifies and automates financial processes to reduce operational expenses, and decrease global financial complexity and risk.
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39
Q

What is Dynamics 365 Human Resources?

(MB-300 M1 Intro - Unit 3)

A
  1. Streamlines many recordkeeping tasks and automates several staffing processes ( including employee retention, benefits administration, training, performance reviews, and change management. )
  2. Also provides a framework for human resources staff to manage areas of oversight.
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40
Q

Which record keeping tasks and processes does D365 Human Resources streamline?

(MB-300 M1 Intro - Unit 3)

A
  1. employee retention
  2. benefits administration
  3. training
  4. performance reviews
  5. and change management
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41
Q

What is D365 Supply Chain Management (8 things)

(MB-300 M1 Intro - Unit 3)

A
  1. Helps transform your manufacturing and supply chain operations.
  2. Uses predictive insights and intelligence from AI and the Internet of Things (IoT) across planning, production, inventory, warehouse, and transportation management.
  3. Maximizes operational efficiency, product quality, and profitability.
  4. Used to innovate with intelligent manufacturing operations
  5. Modernizes warehouse management
  6. Optimizes production performance
  7. Maximizes the life of your assets,
  8. Automate and streamlines supply chain.
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42
Q

D365 Supply Chain Management uses predictive insights and intelligence from AI and the Internet of Things (IoT) across what areas? management.

(MB-300 M1 Intro - Unit 3)

A
  1. Planning
  2. Production
  3. Inventory
  4. Warehouse
  5. Transportation
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43
Q

What business process does Business Central manage

(MB-300 M1 Intro - Unit 3)

A
  1. Finance
  2. Manufacturing
  3. Sales
  4. Shipping
  5. Project Management
  6. Services
  7. and more
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44
Q

Adobe Experience Cloud (overview info)

(MB-300 M1 Intro - Unit 3)

A
  • Delivers exceptional customer experiences.
  • Transform customer journey and improve sales and marketing return on investment (ROI) when you combine Microsoft Dynamics 365 with Adobe Experience Cloud solutions.
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45
Q

AI Builder (overview info)

(MB-300 M1 Intro - Unit 3)

A
  1. Allows everyone to work with AI.
  2. Gives everyone in organization the ability to add AI capabilities to the apps they create and use, regardless of their technical experience.
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46
Q

Azure DevOps (3 high level purposes from Overview)

(MB-300 M1 Intro - Unit 3)

A
  1. A compound of development (Dev) and operations (Ops), DevOps is the union of people, process, and technology to continually provide value to customers.
  2. Azure DevOps enables formerly siloed roles, such as development, IT operations, quality engineering, and security, to coordinate and collaborate to produce better, more reliable products.
  3. By adopting a DevOps culture along with Azure DevOps practices and tools, teams gain the ability to better respond to customer needs, increase confidence in the applications that they build, and achieve business goals faster.
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47
Q

Dynamics 365 Customer Insights (from overview)

(MB-300 M1 Intro - Unit 3)

A
  1. Uses an intuitive and flexible customer data platform to unlock insights and power personalized customer experiences.
  2. Unifies all customer data across the full range of sources to get a single view of customers.
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48
Q

Dynamics 365 Customer Voice (from overview)

(MB-300 M1 Intro - Unit 3)

A
  1. Enterprise survey solution (Simple but powerful).
  2. Lets you capture, analyze, and act on customer and employee feedback
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49
Q

Dynamics 365 Fraud Protection (from overview)

(MB-300 M1 Intro - Unit 3)

A

Helps protect your e-commerce business, and your customers, against fraud to help decrease costs, achieve higher revenue, and improve your customers’ shopping experience.

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50
Q

Dynamics 365 Remote Assist (from overview)

(MB-300 M1 Intro - Unit 3)

A
  1. Helps you work together from anywhere.
  2. Allows technicians to collaborate more efficiently by working together from different locations with Remote Assist on HoloLens, Android, or iOS devices.
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51
Q

Dynamics 365 Virtual Agent for Customer Service (from overview)

(MB-300 M1 Intro - Unit 3)

A
  1. Provides exceptional customer service with intelligent, adaptable virtual agents.
  2. Enables customer service experts to create and enhance bots with AI-driven insights.
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52
Q

LinkedIn Sales Navigator (from overview)

(MB-300 M1 Intro - Unit 3)

A
  1. Unifies the selling experience around relationships.
  2. Microsoft Relationship Sales brings together LinkedIn Sales Navigator and Microsoft Dynamics 365 Sales to empower your sellers to drive a more personalized and meaningful engagement with buyers.
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53
Q

Microsoft Power Apps portals (from overview)

(MB-300 M1 Intro - Unit 3)

A

Allows anyone, whether inside or outside your organization, to interact with Dataverse data by using portals.

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54
Q

Microsoft Power BI (from overview)

(MB-300 M1 Intro - Unit 3)

A

Enables everyone at every level of your organization to make confident decisions by using up-to-the-minute analytics.

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55
Q

Telemetry

(MB300- M1Intro - Unit 2 - internet definition)

A

Automatic measurement and wireless transmission of data from remote sources.

In general, telemetry works in the following way,:Sensors at the source measure either electrical data (such as voltage or current) or physical data (such as temperature or pressure). These measurements are converted to specific electrical voltages. A multiplexer combines the voltages, along with timing data, into a single data stream for transmission to a remote receiver. Upon reception, the data stream is separated into its original components and the data is displayed and processed according to user specifications.

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56
Q

What is AI

(MB-300 M1 Intro - Unit 4)

A

Artificial intelligence

A set of algorithms that computers use to analyze data and make a conclusion

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57
Q

What can AI do?

(MB-300 M1 Intro - Unit 4)

A
  1. Train itself.
  2. Arrive at a conclusion based on available data.
  3. Can be trained with repeated feedback and adjustments.
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58
Q

What data can be used by AI?

(MB-300 M1 Intro - Unit 4)

A
  1. Internal
  2. External (cloud)
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59
Q

What is involved in unification for AI

(MB-300 M1 Intro - Unit 4)

A

CUSTOMER INSIGHTS

  • Demographic
  • Ingest
  • Map and Match
  • Transactional
  • Enrich
  • Behavioral
  • Conflate
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60
Q

What is Conflate

(In terms of AI)

(MB300-M1 Intro - Unit 4 - Internet definition)

A

Conflate is a more formal way to say “mix together,” and it’s typically used for texts or ideas.

You probably wouldn’t say you conflated the ingredients for a cake, but if you blended two different stories together to make a new one, conflate would work.

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61
Q

In an image of AI running on Microsoft Dataverse to support dynamics what is in Insight section

(MB-300 M1 Intro - Unit 4)

A

Analytics

Artificial Intelligence (AI)

Machine Learning (ML)

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62
Q

In an image of AI running on Microsoft Dataverse to support Dynamics 365 what is in the Action Section

(MB-300 M1 Intro - Unit 4)

A
  • Process Optimzation, automation and Visualization
  • Power Aps
  • Power BI
  • Microsoft Flow
  • Systems of Engagement
  • Finance
  • Marketing
  • Customer Service
  • Sales
  • Filed Service
  • Supply Chain Mgmt
  • Talent
  • Retail
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63
Q

AI can be considered through these three things

(MB-300 M1 Intro - Unit 4)

A
  1. Reasoning
  2. Understanding
  3. Interacting
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64
Q

In terms of AI what is REASONING

(MB-300 M1 Intro - Unit 4)

A

AI takes substantial data and adds logic so that you can understand it and make decisions based on that data.

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65
Q

In terms of AI what is UNDERSTANDING

(MB-300 M1 Intro - Unit 4)

A

AI helps people understand and interpret the data of their environment and their world

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66
Q

In terms of AI what is INTERACTING

(MB-300 M1 Intro - Unit 4)

A

AI extends human ingenuity and lowers barriers between humans and machines. It allows machines to communicate with humans in a more natural way by recognizing human speech patterns

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67
Q

What is an example of AI Reasoning

(MB-300 M1 Intro - Unit 4)

A

given performance data, AI could learn to find warning signs that a piece of equipment is likely to fail. AI continues to learn and become more accurate over time as you keep feeding it more data

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68
Q

What is an example of AI UNDERSTANDING

(MB-300 M1 Intro - Unit 4)

A

given performance data, AI could learn to find warning signs that a piece of equipment is likely to fail. AI continues to learn and become more accurate over time as you keep feeding it more data

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69
Q

What abilities does AI Builder give to users in an organization

(MB-300 M1 Intro - Unit 4)

A

Ability to add AI capabilities to the apps that they create and use, regardless of their technical abilities.

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70
Q

What is AI Part of and what is required for it to work

(MB-300 M1 Intro - Unit 4)

A

Part of Microsoft Platform

Requires use of Dataverse

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71
Q

What gives businesses in-depth insights and can make each touchpoint more relevant and responsive with data-driven insights into customer needs and behaviors

(MB-300 M1 Intro - Unit 4)

A

Artificial Intelligence (AI)

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72
Q

What does D365 Fraud Protection Use to protect your e-commerce business, and your customers, against fraud.

(MB-300 M1 Intro - Unit 4)

A

Artificial Intelligence (AI)

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73
Q

What do D365 Sales and Dynamics 365 Sales Insights use to increase sales and improve decisions

(MB-300 M1 Intro - Unit 4)

A

Artificial Intelligence (AI)

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74
Q

What are the benefits of using D365 Fraud Protection

(MB-300 M1 Intro - Unit 4)

A
  1. helps decrease costs
  2. achieve higher revenue
  3. Improve your customers’ shopping experience.
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75
Q

What are the benefits of using D365 Fraud Protection

(MB300-Intro - Unit 4 )

A

You can win more deals by enhancing each

  • customer interaction,
  • sales activity,
  • and business decision

with sales intelligence.

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76
Q

How does Dynamics 365 Virtual Agent In Dynamics 365 Customer Service use AI?

(MB-300 M1 Intro - Unit 4)

A
  • AI is used to provide exceptional customer service with intelligent, adaptable virtual agents.
  • Enable customer service experts to create and enhance bots with AI-driven insights to drive productivity.
  • ie chat bots
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77
Q

How does Dynamics 365 Customer Service Insights In Dynamics 365 Customer Service use AI?

(MB-300 M1 Intro - Unit 4)

A

Uses AI to make better decisions and proactively improve customer satisfaction with things like

KPI Summaries , Emerging topics, Case breakdowns, case tracking

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78
Q

How does Dynamics 365 Customer Service Insights In Dynamics 365 Customer Service use AI?

(MB300-Intro - Unit 4 )

A
  • Uses AI to create an intuitive and flexible customer data platform that unlocks insights and powers personalized customer experiences.
  • Unifies all customer data across the full range of sources to get a single view of customers.
  • Includes things like Timeline for emails, brand affinities, Interests, average online spend, churn risk
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79
Q

What is mixed reality

(MB-300 M1 Intro - Unit 5)

A
  • result of blending the physical world with the digital world
  • next evolution in human, computer, and environmental interaction
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80
Q

What advancements made mixed reality possible

(MB-300 M1 Intro - Unit 5)

A

advancements in

  • computer vision
  • graphical processing power
  • display technology
  • and input systems
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81
Q

What are the three main components of mixed reality

(MB-300 M1 Intro - Unit 5)

A
  1. Human input
  2. Computer processing
  3. Environmental input
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82
Q

How are human inputs collect for mixed reality

(MB-300 M1 Intro - Unit 5)

A

Through human-computer interaction (HCI) through various means such as

  • keyboards
  • mice
  • touch
  • ink
  • voice
  • Kinect skeletal tracking.
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83
Q

What is PERCEPTION in mixed reality?

(MB-300 M1 Intro - Unit 5)

A

The interaction between computer and environments

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84
Q

How is PERCEPTION created in mixed reality?

(MB-300 M1 Intro - Unit 5)

A

by capturing environmental input such as

  • head tracking
  • surfaces (spatial mapping)
  • boundaries (spatial understanding)
  • ambient lighting
  • environmental sound
  • object recognition
  • and location
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85
Q

Combining HCI with perception provides the opportunity to create what?

(MB-300 M1 Intro - Unit 5)

A

True mixed reality experiences

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86
Q

What is HCI the abbreviation for?

(MB-300 M1 Intro - Unit 5)

A

Human-computer interaction

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87
Q

What ae the polar ends of the Mixed reality spectrum

(MB-300 M1 Intro - Unit 5)

A
  • Physical Reality (where humans exist)
  • Digital Reality
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88
Q

What is Near physical reality

(MB-300 M1 Intro - Unit 5)

A

Users remain present in their physical environment and are never made to believe that they have left that environment.

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89
Q

What is Near digital reality

(MB-300 M1 Intro - Unit 5)

A

Users experience a fully digital environment and are unaware of what occurs in the physical environment around them.

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90
Q

What is Fully mixed reality?

(MB-300 M1 Intro - Unit 5)

A

Experiences blend the real world and the digital world. User has a mix of both

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91
Q

What mixed reality strategy does Microsoft use to solve real world problems.

(MB-300 M1 Intro - Unit 5)

A

fully mixed reality, providing a fully immersive mixed reality experience

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92
Q

What forms can Microsofts mixed reality experiences come in?

(MB-300 M1 Intro - Unit 5)

A
  1. augmented training experiences
  2. virtual product design,
  3. virtual collaboration with colleagues.
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93
Q

What are Holographic Devices

(MB-300 M1 Intro - Unit 5)

A

Devices characterized by the device’s ability to place digital content in the real world,

ie. Microsoft HoloLens.

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94
Q

What are Immersive Devices

(MB-300 M1 Intro - Unit 5)

A

Devices characterized by the device’s ability to place digital content in the real world,

ie. Microsoft HoloLens.

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95
Q

What are the Microsoft tools for collaboration in mixed reality

(MB-300 M1 Intro - Unit 5)

A
  • Microsoft HoloLens
  • Dynamics 365 Guides
  1. Dynamics 365 Remote Assist
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96
Q

What benefits do employees get from using HoloLens?

(MB300-Intro - Unit 5 )

A
  • can work smarter
  • view mixed reality
  • troubleshoot, repair, and perform with confidence and speed.
  • Can move freely and pull critical information into view and stay focused on the task, with their hands free to do the work.
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97
Q

What is Dynamics 365 Guides and what are the benefits?

(MB-300 M1 Intro - Unit 5)

A
  • mixed reality tool for learning
  • Improve training effectiveness and understand how employees are performing
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98
Q

What is Dynamics 365 Remote Assist and what are the benefits?

(MB-300 M1 Intro - Unit 5)

A
  • Mixed reality tool for instant collaboration
  • Improve training effectiveness Help employees work together even when they’re worlds apart
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99
Q

What are the primary navigation concepts in Finance and Operations apps

(MB-300 M2 Navigation - Unit 1)

A
  • Dashboard
  • Navigation pane
  • Workspaces
  • Tiles
  • Navigation search
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100
Q

What does Calendar section on default dashboard contain that is useful to a user

(MB-300 M2 Navigation - Unit 1)

A

View Work Items assigned to that user (from users perspective view of my work items)

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101
Q

What can you do by selecting a date on the Calendar located on default dashboard ?

(MB-300 M2 Navigation - Unit 1)

A
  1. Can select a date to change session date which you normally would not do
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102
Q

Where are User’s Options (navigation options) changed/configured

(MB-300 M2 Navigation - Unit 1)

A
  1. Gear for settings
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103
Q

Where can the user modify in User Options

(MB-300 M2 Navigation - Unit 1)

A
  1. Visual (Color, grid size)
  2. Preferences (start up company, page, view)(language, date time)(enable document handling, Auto update query parms) (Accessibility enhanced tabs)
  3. Account
  4. Workflow
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104
Q

Where can you find your favorites in F&O

(MB-300 M2 Navigation - Unit 1)

A

Navigation Pane on Left

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105
Q

Where can you find your favorites in F&O

(MB-300 M2 Navigation - Unit 1)

A

Navigation Pane on Left

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106
Q

What will select Recents in the navigation pane show you?

(MB-300 M2 Navigation - Unit 1 & 2)

A

The 10 most recent screens the user has been to will be displayed

NOTE

This section is auto populated with links to the areas in the system that have been viewed most recently.

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107
Q

What are the 5 high level things you can select from the Navigation pane

(MB-300 M2 Navigation - Unit 1 & 2)

A
  1. Home (Main Menu element)
  2. Workspaces (Main Menu element)
  3. Modules (Main Menu element)
  4. Favorites
  5. Recent
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108
Q

What are the Two ways to get to your home screen

(MB-300 M2 Navigation - Unit 1)

A
  • Select Finance and Operations on the left side of the Navigation bar at the top of the screen
  • Select home on Navigation Pane
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109
Q

What is the dashboard primarily made up of?

(MB-300 M2 Navigation - Unit 2)

A

Workspace Tiles

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110
Q

What is a TILE?

(MB-300 M2 Navigation - Unit 2)

A
  • A Rectangular button that behaves like a menu item button
  • Used to navigate to, or open pages
  • Tiles can also display relevant data, such as counts or key performance indicators (KPIs).
  • A tile can include images that provide you with additional visual context.
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111
Q

What are the four collapsible sections of the Navigation Pane

(MB-300 M2 Navigation - Unit 2)

A
  1. Favorites
  2. Recent
  3. Workspaces
  4. Modules
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112
Q

How do you mark a Favorites page

(MB-300 M2 Navigation - Unit 2)

A

Provides quick access to the list of pages the user has explicitly marked as a favorite.

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113
Q

What is purpose of Favorites section of Navigation Pane

(MB-300 M2 Navigation - Unit 2)

A

Click the star icon next to the page in the navigation pane.

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114
Q

What is purpose of Workspaces section of Navigation Pane

(MB-300 M2 Navigation - Unit 2)

A

Displays set of workspaces a user has access to and can be used to navigate to those Workspaces

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115
Q

What is purpose of Modules section of Navigation Pane

(MB-300 M2 Navigation - Unit 2)

A
  • Displays set of modules a user has access to
  • Clicking on a module will open right side of action pane where you can navigate to page in the module
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116
Q

How can you open (expand/collapse) the Navigation Pane (not options in pane the actual pane)

(MB-300 M2 Navigation - Unit 2)

A

Show navigation pane button under the navigation bar

(icon above home button)

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117
Q

How can you navigate to Office 365 from F&O

(My observation)

A

Use icon at very top of navigation are next to the Finance and Operations button

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118
Q

What are Workspaces?

(MB-300 M2 Navigation - Unit 2)

A
  • Activity-oriented pages designed to increase productivity by providing information that answers the most pressing activity-related questions.
  • Used to store more frequent tasks
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119
Q

Access to the various workspaces depends on?

(MB-300 M2 Navigation - Unit 2)

A

The roles that users have in the organization.

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120
Q

What are the 3 ways to navigate to a workspace

(MB-300 M2 Navigation - Unit 2)

A

The roles that users have in the organization.

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121
Q

What do Workspaces contain?

(MB-300 M2 Navigation - Unit 2)

A

Sections of content that are relevant to the task for which the workspace is intended

  • Tiles
  • Lists
  • Optional sections for charts and graphs
  • Links
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122
Q

Do workspaces have a data source?

(MB-300 M2 Navigation - Unit 2)

A

NO

If content requires a data source, it can be updated to include that

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123
Q

How do workspaces enhance productivity?

(MB-300 M2 Navigation - Unit 3)

A
  • 360-degree view of activities - eliminates of reduces navigation time
  • Provides at a glance view to Answers specific questions
    • Are there urgent cases waiting for me
    • Are the cases going to be easy or difficult
    • How much work do I have
  • Provides insight
    • Compares multiple data sources.
    • Offers big picture view across modules that would be cumbersome to achieve using lists in specific modules.
  • Navigates by data
    • Limits amount of filtering needed to find results
  • Direct access to tasks
    • Tasks can be performed directly from the workspace.
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124
Q

How do you add a custom list to a WorkSpace?

(MB-300 M2 Navigation - Unit 3)

A
  1. Navigate to screen with grid you want to add to Workspace
  2. Create Filtered List
  3. Save list as a view
  4. Select Option from Action Pane
  5. Select Add to Workspace
  6. Select Workspace
  7. Select Tile, Link or List as Type
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125
Q

What are the filtering options in F&O?

(MB-300 M2 Navigation - Unit 4)

A
  1. Filter Pane
  2. Quick Filter
  3. Grid column/header filter/sorting
  4. Advanced Filter/sort
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126
Q

What is a Filter Pane

(MB-300 M2 Navigation - Unit 4)

A
  • Filter panes are easy-to-use interfaces for filtering full page lists/grids.
  • Filter panes are inline panes that slides in from left side of screen and pushes page content to the right, so users can see the data they want to filter.
  • Filter panes can be hidden/shown by clicking the system-defined Show filters button on the left side of the page that contains your grid (ie All Vendors Page).
    • Filter pane remains visible until user navigates to a new page or Hides the filter.
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127
Q

How do you access a filter pane, when you want to filter a grid?

(MB-300 M2 Navigation - Unit 4)

A

Filter panes can be hidden/shown by clicking the system-defined Show filters button on the left side of the page that contains your grid (ie All Vendors Page).

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128
Q

What is a QuickFilter?

(MB-300 M2 Navigation - Unit 4)

A
  • QuickFilter is a modeled control that can be associated with any F&O grid
  • User starts to type n filter control and, a column drop-down menu appears so user can select column to be filtered
  • Developer can specify a default column
  • If no default column is specified, default is first field that can be filtered.
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129
Q

Describe Grid column header filtering/sorting?

(MB-300 M2 Navigation - Unit 4)

A
  • QuickFilter is a modeled control that can be associated with any F&O grid
  • User starts to type n filter control and, a column drop-down menu appears so user can select column to be filtered
  • Developer can specify a default column
  • If no default column is specified, default is first field that can be filtered.
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130
Q

What does an Asterisk represent when filtering?

(MB-300 M2 Navigation - Unit 4)

A

Indicate that any value before or after this point is valid

Must be used with Matches operator. Otherwise it is interpreted as a literal.

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131
Q

What is the search mechanism for?

(MB-300 M2 Navigation - Unit 5)

A

Finding and navigating to pages and workspace on the navigation pane and dashboard.

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132
Q

Search mechanism’s search keywords are matched to?

A

Navigation elements and corresponding path

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133
Q

How do you search by Form name and what do the results show?

(MB-300 M2 Navigation - Unit 5)

A
  • Use search field and type in “form:” followed by the form name (i.e. form:vendInvoice)
  • search list will populate with pages using the specified form
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134
Q

What are the two specific ways to search?

(MB-300 M2 Navigation - Unit 5)

A
  1. Keywords
  2. Form Names
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135
Q

What are the results of a keyword search?

(MB-300 M2 Navigation - Unit 5)

A
  • Partial and complete matches to the keyword
  • Navigation path for the matches
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136
Q

What are the two important things to remember about using search?

(MB-300 M2 Navigation - Unit 5)

A
  1. Search feature locates pages not specific data or actions.
  2. Results will include partial hits with navigation path.

Ie “receivable” will include a larger number of hits vs “all purchase orders” because “receivable” is included in navigation path for multiple pages.

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137
Q

What is the maximum number of records the search functionality can/will display?

(MB-300 M2 Navigation - Unit 5)

A

10 items

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138
Q

How do the F&O apps expose commands?

(MB-300 M2 Navigation - Unit 5)

A

On action panes

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139
Q

What/where are the action panes

(MB-300 M2 Navigation - Unit 5)

A
  • Action panes expose commands
  1. Standard action pane is at top of the page
  2. Action panes are also displayed as toolbars that appear in various sections of a page
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140
Q

What is the action search feature and where do you find it?

(MB-300 M2 Navigation - Unit 5)

A
  • Action search field is a magnifying glass icon on the action pane of a page
  • It can be used to:
  1. Search for and run a button from any visible Action Pane.
  2. find and run actions on a page
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141
Q

How do you perform and action search

(MB-300 M2 Navigation - Unit 5)

A
  • Action search field is a magnifying glass icon on the While on a page, select the Action search field (magnifying glass icon)
  1. Type all or part of the name for button/action to be run or search using words from button’s “path.”
  2. Select button in results list using your mouse or keyboard

or

Start action search by pressing Ctrl+’ or Alt+Q.

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142
Q

How do you many matching characters do you need before action search will return result?

(MB-300 M2 Navigation - Unit 5)

A

Typically, a button will appear after you’ve typed two to four characters that match.

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143
Q

How do you many matching characters do you need before action search will return result?

(MB-300 M2 Navigation - Unit 5)

A

Typically, a button will appear after you’ve typed two to four characters that match.

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144
Q

What happens after an action search completes the selected action.\

(MB-300 M2 Navigation - Unit 5)

A

If run from icon, focus is returned to your last position on page,

If run from short cut you will need to press shortcut keys again to return focus to last position on page,

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145
Q

What are the 4 Views in Pages and List Pages

(MB-300 M2 Navigation - Unit 6)

A
  • Grid view
  • Details view
  • Line view
  • Header view
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146
Q

How is Grid View Useful

(MB-300 M2 Navigation - Unit 6)

A
  • Useful for updating multiple records at the same time.
  • Grid view in a list page can be used to update data on each line instead of Opening page to update the information on each record.
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147
Q

What is the Detail view and what is it used for?

(MB-300 M2 Navigation - Unit 6)

A
  • Available on any page that shows Grid view by default.
  • Used to review data for a single item selected by users.
  • Provides details considered standard information for the creation of a new record.
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148
Q

What is the Line view and what is it used for?

(MB-300 M2 Navigation - Unit 6)

A
  • Useful for reviewing details of a single item in the system
    • like a single purchase order or customer.
  • Provides additional FastTabs and information.
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149
Q

What is the Header view and what is it used for?

(MB-300 M2 Navigation - Unit 6)

A
  • Useful for looking at higher-level details of a single record.
  • Can be used to enter default values and perform bulk update of lines on some page types (like purchase orders).
  • Also a good place to view general information, like the customer details on a customer account.
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150
Q

Why is the distinction between View and Edit mode important?

(MB-300 M2 Navigation - Unit 6)

A

It helps prevent accidental updates to data in F&O apps.

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151
Q

What does View mode support?

(MB-300 M2 Navigation - Unit 6)

A
  • Review data on a list page or record
  • Open related records by using page links
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152
Q

What does Edit mode support?

(MB-300 M2 Navigation - Unit 6)

A
  • Change data directly from the page
  • Use links to open related records (like View mode).
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153
Q

What benefits does Dynamics 365 Finance provide?

(MB-300 M3 Finance - Unit 0 Intro and Unit 2)

A
  • Empowers business users to Adapt to rapidly changing business environments.
  • Provides everything a business needs to control finances and manage funds with accurate information for financial planning and forecasting
  • Helps companies stay up to date with analytics tools.
  • Helps companies Accelerate their business growth and elevate their financial performance
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154
Q

What is the core of any business?

(MB-300 M3 Finance - Unit 0 Overview)

A

Finance

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155
Q

What does Dynamics 365 Finance provide?

(MB-300 M3 Finance - Unit 1 Intro)

A
  • All functionality required to update accounts efficiently and comply with reporting requirements.
  • Fast, dependable, and comprehensive accounting, financial reporting, and analysis
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156
Q

How does the functionality in Finance and Operations apps help businesses make better decisions quickly by:

(MB-300 M3 Finance - Unit 1 Intro)

A

By Bringing together a complete set of adaptable finance capabilities with built-in analytics and intelligence across industries, such as distribution, retail, supply chain, manufacturing, service industries, and public sector.

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157
Q

How does D365 Finance help adapt quickly to changing market demands and accelerate business growth?

(MB-300 M3 Finance - Unit 2 Benefits)

A
  • Providing unified global financials and operations features that empower people to make fast, informed decisions.
  • Providing built-in controls, that financial leaders can use to:
    • Gain insight into their financial data with 360-degree visibility across all operating units (Ie departments and cost centers)
    • Make intelligent decisions that allow them to stay competitive in today’s fast and ever-changing global market.
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158
Q

How does D365 Finance help companies drive margin revenue growth?

(MB-300 M3 Finance - Unit 2 Benefits)

A

By providing a centralized, global financial management solution that delivers robust financial intelligence and embedded analytics in real time to help increase profitability

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159
Q

The finance interface was designed to run on?

(MB-300 M3 Finance - Unit 2 Benefits)

A

Any device and platform that supports Microsoft technology including mobile devices.

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160
Q

What do workspaces offer that empowers Finance employees to maximize efficiency for positive business outcomes.

(MB-300 M3 Finance - Unit 2 Benefits)

A
  • intelligent automation
  • task prioritization,
  • integration with Microsoft 365 applications
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161
Q

What is the most popular tool among finance users?

(MB-300 M3 Finance - Unit 2 Benefits)

A

Microsoft Excel

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162
Q

How can users leverage Excel from F&O?

(MB-300 M3 Finance - Unit 2 Benefits)

A

F&O allows Finance Employees to do the following Excel tasks:

  • Open data from any page in Finance in Excel
  • Manipulate data
  • Publish the data back to Finance.
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163
Q

What does Finance provide to help Businesses reduce operational expense by minimizing operational costs across business geographies with:

(MB-300 M3 Finance - Unit 2 Benefits)

(MB-300 M3 Finance - Unit 2 Benefits)

(MB-300 M3 Finance - Unit 2 Benefits)

A
  • financial process automation
  • Encumbrance
  • budget planning
  • budget control,
  • three-way matching.
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164
Q

Finance provides asset management functionality that?

(MB-300 M3 Finance - Unit 2 Benefits)

A
  • streamlines asset management
  • efficiently track values
  • Centralizes and automates processes for managing capitalized assets from acquisition through disposal
  • Reduce reporting errors
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165
Q

Name the modules involved in Maximizing Wealth and Profit (as defined in getting started with finance section of MB-300)

(MB-300 M3 Finance - Unit 3 Overview)

A
  • General Ledger Module
  • Cash and Bank Module
  • Accounts Payable Module
  • Accounts Receivable Module
  • Budgeting Module
  • Sales and Marketing Module
  • Inventory Management Module
  • Procurement and Sourcing Module
  • Cost Management Module
  • Cost Control Module
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166
Q

What are the Two primary objectives of a typical financial management system in any company?

(MB-300 M3 Finance - Unit 3 Overview)

A
  1. Maximize Profit
  2. Maximize Wealth
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167
Q

What is meant by maximize wealth?

(MB-300 M3 Finance - Unit 3 Overview)

A

Earning maximum wealth for shareholders of a company by increasing the market value of shares, which is directly related to the performance of the company.

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168
Q

Why is good cash flow important?

(MB-300 M3 Finance - Unit 3 Overview)

A

A company must have a good cash flow to pay the daily expenses such as purchase of raw materials, wages, rent, electricity bills, and more.

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169
Q

What opportunities does a company have if they have good cash flow?

(MB-300 M3 Finance - Unit 3 Overview)

A

The company can take advantage of:

  • getting cash discounts on purchases
  • making large-scale purchases
  • Giving credit to customers
  • and more.
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170
Q

What tools does D365 offer that provide insight into a company’s cash and how do they provide value

(MB-300 M3 Finance - Unit 3 Overview)

A

D365 can project supply, and demand, with built-in intelligent controls like

  • Charts
  • KPIs (key performance indicators)
  • Workspaces
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171
Q

What is the core of Finance

(MB-300 M3 Finance - Unit 3 Overview)

A

The General Ledger Module

(integrated with other subledgers)

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172
Q

The Cash and Bank Management modules allows companies to?

(MB-300 M3 Finance - Unit 3 Overview)

A
  • manage banks and balances
  • reconcile bank statements with the General ledger module.
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173
Q

The Accounts payable module allows companies to?

(MB-300 M3 Finance - Unit 3 Overview)

A
  • Manage vendor
  • Manage daily processes such as invoicing and generate payments.
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174
Q

The Accounts receivable module allows companies to?

(MB-300 M3 Finance - Unit 3 Overview)

A
  • Manage customers
  • Manage and track daily processes such as invoicing and collecting payments.

(MB-300 M3 Finance - Unit 3 Overview)

(MB-300 M3 Finance - Unit 8 AR)

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175
Q

The Budgeting module allows companies to?

(MB-300 M3 Finance - Unit 3 Overview)

A

Properly estimate the total financial requirements by determining:

  • How much finance is necessary to operate
  • Fixed and working capital requirements
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176
Q

The Cash and Bank Management allows companies to?

A

Simplify reconciliation between bank statements and financial management transactions in periodic processing by

  • Maintain the company’s bank accounts
  • Maintain the financial instruments associated with bank accounts
  • Reconcile bank statements
  • Print bank data on standard reports

(MB-300 M3 Finance - Unit 3 Overview)

(MB-300 M3 Finance - Unit 4 Cash and Bank)

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177
Q

All invoice and payment transactions are recorded in?

(MB-300 M3 Finance - Unit 3 Overview)

A

The general ledger

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178
Q

Which Supply chain modules contribute to proper decision making to maximize wealth?

(MB-300 M3 Finance - Unit 3 Overview)

A
  • Sales and marketing
  • Inventory management
  • Procurement and sourcing,
  • Cost management
  • Cost control
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179
Q

How does Cash and Bank Management simplify reconciliation?

(MB-300 M3 Finance - Unit 3 Overview)

A
  • Each bank has a corresponding account in the general ledger chart of accounts.
  • All incoming and outgoing funds are recorded in the general ledger
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180
Q

What is the benefit of Project Management in sourcing

(MB-300 M3 Finance - Unit 3 Overview)

A
  • Purchases often need to be made for time and material or fixed price project.
  • Project management and accounting module can interact with the Procurement and sourcing module in Supply Chain Management to generate purchase orders, which will then be settled in the Accounts payable module in Finance
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181
Q

What is the General Ledger Module in Finance used for?

A

GL module is used to define and manage the legal entity’s financial structure.

(MB-300 M3 Finance - Unit 4 GL)

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182
Q

What module is the center of Finance?

(MB-300 M3 Finance - Unit 3 Overview)

A

General Ledger Module

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183
Q

What does the General Ledger Module record?

A

all financial transactions from any other modules.

(MB-300 M3 Finance - Unit 4 GL)

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184
Q

What are Accruals used for?

(MB-300 M3 Finance - Unit 3 Overview)

A
  • used in accrual accounting to:
    • track revenue that is recognized in the period that it’s earned in, not when payment is received
    • track expenses (costs) that are recognized when they occur, not when payment is made.

(MB-300 M3 Finance - Unit 4 GL)

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185
Q

Closing transactions are?

A

Required at the end of a fiscal year to prepare accounts for the next fiscal year (including consolidation)

(MB-300 M3 Finance - Unit 4 GL)

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186
Q

What are Fixed and Variable Allocation Rules used for?

A
  • distribute, monetary amounts to one or more accounts or account and dimension combination
  • Settle transactions between ledger accounts
  • Revalue currency amounts.

(MB-300 M3 Finance - Unit 4 GL)

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187
Q

Consolidation functionality is used to

A
  • combine the financial results for several subsidiary legal entities into results for a single, consolidated organization.
    • Subsidiaries can be in the same Finance database or in separate databases.

(MB-300 M3 Finance - Unit 4 GL)

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188
Q

Do subsidiaries have to be in the same Finance database to be consolidated?

A

No

Consolidation functionality combines the financial results for several subsidiary legal entities into results for a single, consolidated organization. Subsidiaries can be in the same Finance database or in separate databases

(MB-300 M3 Finance - Unit 4 GL)

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189
Q

What are key features that companies can leverage using Financial reporting?

A
  • Ability to consolidate multiple companies during report generation.
  • Ability to Drill down to all companies and dimensions.

(MB-300 M3 Finance - Unit 4 GL)

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190
Q

What are the financial instruments included in Cash and Bank Management

A
  • Deposit slips
  • Checks
  • Bills of exchange
  • Promissory notes.

(MB-300 M3 Finance - Unit 5 Cash and Bank Management)

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191
Q

What are some examples of CAsh and Bank Management modules tasks?

A
  • Manage letters of credit and import collections
  • Manage letters of guarantee
  • Importing bank statements to Perform bank reconciliation
  • Deposit and transfer bank funds.
  • Cancel wrong deposits.
  • Update and maintain bank balances.
  • Define formats for checks.
  • Use the cash flow forecasting tools to analyze upcoming cash flow and currency requirements

(MB-300 M3 Finance - Unit 5 Cash and Bank Management)

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192
Q

Letters of credit and import collections are used to manage?

A

Purchase and sale of goods across international borders.

(MB-300 M3 Finance - Unit 5 Cash and Bank Management)

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193
Q

Letters of guarantee are used to:

A
  • Manage agreement by a bank (the guarantor) to pay a set amount of money to some person (the beneficiary).

(MB-300 M3 Finance - Unit 5 Cash and Bank Management)

194
Q

How does the Cash and Bank Management module reconciliation process save significant time for accounts

A

They can import bank statements and use the matching rule criteria in the system to automatically select transactions for reconciliation

(MB-300 M3 Finance - Unit 5 Cash and Bank Management)

195
Q

How can cash flow forecasting tools be used?

A

Can be used to analyze upcoming cash flow and currency requirements to estimate the company’s future need for cash.

(MB-300 M3 Finance - Unit 5 Cash and Bank Management)

196
Q

The sales tax framework in D365 supports many types of indirect taxes including:

A
  • Sales tax,
  • value-added tax (VAT),
  • goods and services tax (GST),
  • unit-based fees,
  • withholding tax.

(MB-300 M3 Finance - Unit 6 Tax)

197
Q

What is VAT?

A

value-added tax (VAT)

(MB-300 M3 Finance - Unit 6 Tax)

198
Q

What is GST?

A

Goods and services tax (GST)

(MB-300 M3 Finance - Unit 6 Tax)

199
Q

When are taxes calculated and documented?

A

During purchase and sales transactions

(MB-300 M3 Finance - Unit 6 Tax)

200
Q

When are taxes reported and paid to tax authorities?

A

On a periodic basis.

(MB-300 M3 Finance - Unit 6 Tax)

201
Q

What do sales tax codes contain?

A

The basic information about how much tax to collect and pay to tax authorities

(MB-300 M3 Finance - Unit 6 Tax)

202
Q

What does a user define when they set up a tax code?

A
  • Amounts or percentage of tax that must be collected.
  • Methods by which tax amounts or percentages are applied to transaction amounts.

(MB-300 M3 Finance - Unit 6 Tax)

203
Q

Examples of Accounts Payable Module Tasks

A
  1. Enter vendor invoices
  2. Review and approve invoices
  3. Automate the review process
  4. Resolve discrepancies during invoice totals matching.
  5. Set up default offset accounts for vendor invoice journals and an invoice approval journal.
  6. Using workspaces to manage daily tasks
  7. Define vendor payment terms and fees.
  8. Set up and generate positive pay files.
  9. Create vendor payments by using a payment proposal.
  10. Credit vendor payments for a partial amount.
  11. Take a cash discount outside the cash discount period.
  12. Reverse a vendor payment.
  13. Prepare prepayment invoices and a prepayments overview.
  14. Settle a partial vendor payment before the discount date.

(MB-300 M3 Finance - Unit 7 AP)

204
Q

Name some of the primary things that are set up in the Accounts Payable module

A
  • Vendor groups
  • Vendors
  • Posting profiles
  • Payment options
  • Parameters regarding
    • vendors,
    • charges,
    • deliveries and destinations,
    • promissory notes,
    • other types of accounts payable information.

(MB-300 M3 Finance - Unit 7 AP)

205
Q

What are some of the primary functions that Accounts payable is set up to do?

A
  • record vendor invoices
  • generate and post vendor payments,
  • and perform settlements.

(MB-300 M3 Finance - Unit 7 AP)

206
Q

What method/s can be used to enter vendor invoices?

A
  • Manual entry
  • or receive them electronically through a data entity.

(MB-300 M3 Finance - Unit 7 AP)

207
Q

What method/s can be used to review and approve vendor invoices?

A
  • Approve using an invoice approval journal
  • or the Vendor invoice page.

(MB-300 M3 Finance - Unit 7 AP)

208
Q

What can be used to automate the review process and how does it work?

A
  • Use invoice matching, vendor invoice policies, and workflow to automate the review process
    • invoices that meet certain criteria are automatically approved
    • remaining invoices are flagged for review by an authorized user.

(MB-300 M3 Finance - Unit 7 AP)

209
Q

What can offset account defaults be set up for?

A
  • vendor invoice journals
  • an invoice approval journal.

(MB-300 M3 Finance - Unit 7 AP)

210
Q

What is used to create a Vendor Payment

A

A Payment Proposal

(MB-300 M3 Finance - Unit 7 AP)

211
Q

Can you credit vendor payments for a partial amount?

A

Yes

(MB-300 M3 Finance - Unit 7 AP)

212
Q

Can you take a cash discount outside the discount period?

A

Yes

(MB-300 M3 Finance - Unit 7 AP)

213
Q

Which module is used to reverse a Vendor payment?

A

Accounts Payable Module

(MB-300 M3 Finance - Unit 7 AP)

214
Q

Where do you prepare prepayments and prepayments overview?

A

Accounts Payable Module

(MB-300 M3 Finance - Unit 7 AP)

215
Q

Where do you settle a partial payment before the discount date?

A

Accounts Payable Module

(MB-300 M3 Finance - Unit 7 AP)

216
Q

Examples of tasks that can be performed in AR Module (11 things)?

A
  1. Maintain customer posting profiles.
  2. Configure credit cards
  3. Set up bills of exchange.
  4. Set up interest rates for an interest code.
  5. Waive, reinstate, or reverse interest fees.
  6. Set up Single Euro Payments Area (SEPA) direct debit mandate.
  7. Process Invoices
  8. Process Payments
  9. Distribute transaction amounts
  10. Reimburse customers.
  11. Close accounts receivable.

(MB-300 M3 Finance - Unit 8 AR)

217
Q

Where are customer posting profiles maintained?

A

Accounts Receivable Module

(MB-300 M3 Finance - Unit 8 AR)

218
Q

Where do you go to setup credit cards for authorization and to capture payment?

A

Accounts Receivable Module

(MB-300 M3 Finance - Unit 8 AR)

219
Q

In which module would you setup interest rates for an interest code

A

Accounts Receivable Module

(MB-300 M3 Finance - Unit 8 AR)

220
Q

Where can you go to setup Bills of Exchange

A

Accounts Receivable Module

(MB-300 M3 Finance - Unit 8 AR)

221
Q

Which module lets you waive, reinstate or reverse interest fees?

A

Accounts Receivable Module

(MB-300 M3 Finance - Unit 8 AR)

222
Q

Can you distribute transaction amounts using the AR Module?

A

Yes

(MB-300 M3 Finance - Unit 8 AR)

223
Q

What does SEPA Stand for?

And where would you set up a SEPA direct debit mandate?

A
  • Single Euro Payments Area
  • Accounts Receivable Module

(MB-300 M3 Finance - Unit 8 AR)

224
Q

Name 3 types of invoices used in sales process

A
  • Customer invoice: bill to customer for a purchase. Based on sales order
  • Free text invoices not related to sales orders.
  • Proforma invoices: deaft invoice generated prior to invoice posting

(MB-300 M3 Finance - Unit 8 AR)

225
Q

Name 3 types of invoices that can be created in AR Module

A
  • Customer invoice based on sales orders or packing slips.
  • Free text invoices not related to sales orders.
  • Recurring invoices.

(MB-300 M3 Finance - Unit 8 AR)

226
Q

Can you use subledger journal entries to create free text invoices?

A

Yes

(MB-300 M3 Finance - Unit 8 AR)

227
Q

What payment types can be used when receiving payments?

A
  • bills of exchange
  • cash,
  • checks,
  • credit cards,
  • and electronic payments.

(MB-300 M3 Finance - Unit 8 AR)

228
Q

What are centralized payments used for?

A

Centralized payments are used to record payments in a single legal entity on behalf of the other legal entities,

  • When organization includes multiple legal entities.

(MB-300 M3 Finance - Unit 8 AR)

229
Q

Are you restricted from settling multiple invoices, when they span multiple discount periods?

A

No

  • You can use a customer payment to settle multiple invoices that span multiple discount periods.

(MB-300 M3 Finance - Unit 8 AR)

230
Q

What can be used to mange AR Collections information in once central view?

A

Collections Page

(MB-300 M3 Finance - Unit 9 Collections)

231
Q

What are the two ways a collection agent can being the collections process

A
  • Use generated customer lists created using predefined collection criteria,
  • Create directly from Customer’s page.

(MB-300 M3 Finance - Unit 9 Collections)

232
Q

What does a customers aging snapshot contain?

A

Aged balance information at a point in time

(MB-300 M3 Finance - Unit 9 Collections)

233
Q

What do Collection customer pools allow you to do?

A
  • Collection Agents can have their own pool
  • Help organize work

(MB-300 M3 Finance - Unit 9 Collections)

234
Q

What do collections list pages organize?

A
  • Collection customers
  • activities
  • cases
235
Q

Do you need multiple steps to waive, reinstate, or reverse interests and fees for collections

A

No

Waiving, reinstating, or reversing interest and fees can be done in one step.

(MB-300 M3 Finance - Unit 9 Collections)

236
Q

Where do you manage delinquent customers

A

Collections

(MB-300 M3 Finance - Unit 9 Collections)

237
Q

How many steps does a collection agent need to perform to create and write of transactions

A

One

You can create write-off transactions in one step.

(MB-300 M3 Finance - Unit 9 Collections)

238
Q

What is an NSF stand for?

A

Not sufficient funds

Not Sufficient Funds

(MB-300 M3 Finance - Unit 9 Collections)

239
Q

Can/Does Collection agent perform NSF payments in two steps?

A

They only need one step

  • Processing Not Sufficient Funds (NSF) payments can be done in one step.

(MB-300 M3 Finance - Unit 9 Collections)

240
Q

The budgeting module in Finance can be used for the 3 things (primary as defined in M3.10)

A
  • basic budgeting,
  • budget planning,
  • and budget control.

(MB-300 M3 Finance - Unit 10 Budgeting)

241
Q

What does a company have to have if they want to get benefit from Forecasting and use financial insights from actual vs allocated comparisons

A

A proper budgeting process

(MB-300 M3 Finance - Unit 10 Budgeting)

242
Q

A company’s level of budget control is dependent upon what?

A
  1. Organizational culture
  2. Organizations level of maturity

(MB-300 M3 Finance - Unit 10 Budgeting)

243
Q

What are the budget control framework options included in D365 Finance?

A
  • Hard Control
  • Soft Control

(MB-300 M3 Finance - Unit 10 Budgeting)

244
Q

What budget control framework prevents posting from going over the budget

A

Hard Control

(MB-300 M3 Finance - Unit 10 Budgeting)

245
Q

How does the Soft Control budget framework function?

A
  • Soft control warns users that they will exceed the available budgeted funds
  • User can decide for themselves how to proceed.

(MB-300 M3 Finance - Unit 10 Budgeting)

246
Q

What is a rolling forecast?

A

a regular comparison of budget to actuals

A rolling forecast is used to

  • define how well the company operates against the budget
  • identify trends.

(MB-300 M3 Finance - Unit 10 Budgeting)

247
Q

How are rolling forecast supported in Finance?

A

Rolling forecasts are supported through a budget plan document as initial planning activities.

(MB-300 M3 Finance - Unit 10 Budgeting)

248
Q

Can a Rolling forecasts be performed in parallel with planning for the upcoming budget cycle.

A

Yes

(MB-300 M3 Finance - Unit 10 Budgeting)

249
Q

At a very basic level what are fixed assets?

A

items of value, such as buildings, vehicles, land, and equipment, that are owned by an individual or a company.

(MB-300 M3 Finance - Unit 11 Fixed Assets)

250
Q

After a fixed asset is setup how is it managed?

A

The asset is managed using depreciation and capitalization threshold that determines depreciation.

(MB-300 M3 Finance - Unit 11 Fixed Assets)

251
Q

What does a capitalization threshold used for?

A

capitalization threshold is used to determine depreciation for a fixed asset

(MB-300 M3 Finance - Unit 11 Fixed Assets)

252
Q

What tasks can be performed using the Fixed Asset Module

A
  1. Create fixed assets
  2. Capitalize fixed assets
  3. Transfer or lend fixed assets
  4. Revalue or update fixed assets
  5. Split fixed assets
  6. Depreciate or amortize fixed assets
  7. Dispose or retire fixed assets
  8. View the current value of all fixed assets (if general ledger is used with fixed assets,)

(MB-300 M3 Finance - Unit 11 Fixed Assets)

253
Q

Fixed assets handling must correspond with both of these:

A
  • international accounting standards
  • accounting legislation in each country or region

(MB-300 M3 Finance - Unit 11 Fixed Assets)

254
Q

What rules might be included in fixed assets based on international accounting standards and the accounting legislation in each country or region?

A

Rules for:

  • recording acquisition
  • disposal transactions
  • depreciation
  • lifetimes,
  • write ups and write downs of fixed assets.

(MB-300 M3 Finance - Unit 11 Fixed Assets)

255
Q

What does cost accounting let you do?

A
  • Collect data from various sources
  • Analyze, summarize, and evaluate the cost data to enable management to make the best possible decisions for tasks

(MB-300 M3 Finance - Unit 12 Cost Accounting)

256
Q

Some of the sources Cost accounting data is collected for include (4 things are listed)?

A
  • general ledger
  • Subledgers
  • budgets,
  • statistical information

(MB-300 M3 Finance - Unit 12 Cost Accounting)

257
Q

Using cost accounting, you can analyze, summarize, and evaluate cost data to enable management to make the best possible decisions for tasks like:

A
  • Price updates
  • Budgets
  • Cost control

(MB-300 M3 Finance - Unit 12 Cost Accounting)

258
Q

What do managers responsible for controlling a cost object or a set of cost objects within a dimension or across dimensions use as the central point to access reports.

A

Cost control workspace

(MB-300 M3 Finance - Unit 12 Cost Accounting)

259
Q

The two examples of cost objects used in Cost Accounting (there are others)

A
  • cost centers
  • product groups

(MB-300 M3 Finance - Unit 12 Cost Accounting)

260
Q

Why should the reports in the Cost control workspace be managed by cost accountants?

A

Ensures layout and data used for reporting is consistent across the organization.

(MB-300 M3 Finance - Unit 12 Cost Accounting)

261
Q

This empowers employees and organizations with the ability to obtain a unified view of inventory, warehouse, manufacturing, service, and logistics with predictive analytics that turn data into insights to support better strategic decisions.

A

Dynamics 365 Supply Chain Management

(MB-300 M4 SCM- Unit 0 Get Started)

262
Q

What help businesses accelerate the speed and accuracy of their operations with streamlined processes that effectively coordinate:

  • People
  • assets,
  • and resources

to reduce costs, improve service levels, and drive growth.

A

Distribution and trade features of Supply Chain Management

(MB-300 M4 SCM- Unit 1 Intro)

263
Q

What help businesses accelerate the speed and accuracy of their operations with streamlined processes that effectively coordinate:

  • People
  • assets,
  • and resources

to reduce costs, improve service levels, and drive growth.

A

Dynamics 365 Supply Chain Management

(MB-300 M4 SCM- Unit 1 Intro)

264
Q

Supply Chain Management optimize manufacturing parameters for each product family and supports all of these manufacturing methods?

A
  • Make to Stock
  • Make to Order
  • Pull to Order (JIT?)
  • Configure to Order
  • Engineer to Order

(MB-300 M4 SCM- Unit 2 Benefits of SCM)

265
Q

What enables organization to perform the tasks that create an ideal manufacturing mix from discrete, lean, and process in a single, unified solution?

A

Supply Chain Management

(MB-300 M4 SCM- Unit 2 Benefits of SCM)

266
Q

What can you use to Optimize the flow of manufacturing material and finished goods?

A

Advanced warehouse and logistics management in

Supply Chain Management

(MB-300 M4 SCM- Unit 2 Benefits of SCM)

267
Q

You can streamline scheduling with real-time visibility into resources by using a unified resource model and scheduling engine in:

A

the Financial management module in Supply Chain Management.

(MB-300 M4 SCM- Unit 2 Benefits of SCM)

268
Q

Supply Chain Management helps organizations :

A
  • Optimize fulfillment
  • Reduce Procurement Costs
  • Provide Faster Response times
  • Unify Process from sales to fulfilment

(MB-300 M4 SCM- Unit 2 Benefits of SCM)

269
Q

What are the responsibilities of operational leaders in Supply Chain Management?

A
  • Increase Operational Efficiency
  • Improve strategic planning
  • Optimize workforce productivity

(MB-300 M4 SCM- Unit 3 Overview)

270
Q

In Supply chain management, what is meant when it says Operational leader’s are responsible for Increasing operational efficiencies?

A

They will:

Accelerate the speed and accuracy of business operations

by streamlining processes and effectively coordinate people, assets, & resources

to reduce costs, improve service levels, and drive growth.

(MB-300 M4 SCM- Unit 3 Overview)

271
Q

What module/s control the assets in the supply chain by integrating with the Inventory Management module?

A

Fixed assets module in Finance

(MB-300 M4 SCM- Unit 3 Overview)

272
Q

What module/s control modules control resources such as people, machines, and vendors?

A

The Human resources module in Finance,

and Organization administration modules

(MB-300 M4 SCM- Unit 3 Overview)

273
Q

Cost management in Supply Chain Management lets you work with the valuation and accounting of?

A
  • raw materials,
  • semi-finished goods,
  • finished goods,
  • and work-in-progress assets.

(MB-300 M4 SCM- Unit 5 Cost management)

274
Q

Cost management in Supply Chain Management is the process of?

A

Defining, managing, and reporting inventory accounting and manufacturing accounting.

(MB-300 M4 SCM- Unit 5 Cost management)

275
Q

In which areas will Cost management in Supply Chain Management let you define cost policies?

A
  • Predetermined cost
  • Inventory accounting
  • Manufacturing accounting
  • Indirect cost accounting
  • Ledger integration

(MB-300 M4 SCM- Unit 5 Cost management)

276
Q

What does Predetermined cost mean?

A

The estimation which is made by a manufacturing company in advance; it is done even before the production of a product starts. The calculation for predetermined cost is done on the basis of various variables affecting the production like raw material, labor, factory expense and so on.

(From internet for MB-300 M4 SCM- Unit 5 Cost management)

277
Q

Where do you define/setup valuation methods that will be applied to products

A

Valuation methods are defined in item model group setup

(MB-300 M4 SCM- Unit 5 Cost management)

278
Q

What are the inventory valuation methods you can choose from when configuring Item Model Groups

A

(MB-300 M4 SCM- Unit 5 Cost management)

279
Q

What can you access from Cost administration and Cost analysis workspaces?

A
  • inventory accounting and manufacturing accounting
  • comprehensive overview of the current status, KPIs, and detection of deviation.

(MB-300 M4 SCM- Unit 5 Cost management)

280
Q

In terms of cost accounting, what handles:

  • job order costing in production orders and batch orders
  • backflush costing in lean manufacturing
A

Manufacturing accounting

(MB-300 M4 SCM- Unit 5 Cost management)

281
Q

What does Manufacturing accounting lets you handle?

A
  • job order costing in production orders and batch orders
  • backflush costing in lean manufacturing

(MB-300 M4 SCM- Unit 5 Cost management)

282
Q

What provides managerial insight into the following that can also be used as a detailed supplement to the financial statement.:

  • inventory
  • work-in-progress (WIP) inventory
  • how cost flows through Inventory and WIP by category over time.

Bonus: How do you access it ?

A

Cost management Power BI

Bonus: Cost management Power BI is shown in the Cost administration and Cost analysis workspaces

(MB-300 M4 SCM- Unit 5 Cost management)

283
Q

Inventory management and Warehouse management modules can be used to perform the following tasks

A
  • Inbound operations
  • Quality assurance
  • Warehouse operations
  • Outbound operations
  • Inventory control

(MB-300 M4 SCM- Unit 6 Inv Mgmt and Whs Mgmt)

284
Q

What does Master Planning Assess and what does it use the information for?

A
  • Raw materials and capacities that are currently available.
  • Raw materials and capacities that are required to complete production (I say demand).

(determining what must be manufactured, purchased, transferred, or set aside as safety stock before you can complete production)

Master planning uses the above information to calculate the requirements and generate planned orders such as purchase, transfer, and production orders.

(MB-300 M4 SCM- Unit 7 Master Planning)

285
Q

What allows companies to determine and balance the future need for raw materials and capacity to meet company goals

A

Master planning

(MB-300 M4 SCM- Unit 7 Master Planning)

286
Q

In supply chain management, what are the three main planning processes?

A
  • Master Planning
  • Forecast Planning
  • Intercompany Master Planning

(MB-300 M4 SCM- Unit 7 Master Planning)

287
Q

Describe Master Plan (Master Planning)

A
  • Net requirements plan
  • Calculates net requirements
  • Based on actual current orders and enables companies to control inventory replenishment on a short-term basis

(MB-300 M4 SCM- Unit 7 Master Planning)

288
Q

Describe Forecast planning - The Forecast schedule

A
  • calculates gross requirements.
  • It is based on future projections (or forecasts), and enables companies to conduct long-term planning of materials and capacity.

(MB-300 M4 SCM- Unit 7 Master Planning)

289
Q

Describe Intercompany master planning - The Intercompany master plan

A
  • calculates net requirements across legal entities.
  • Connects demand and supply between companies not only for short term, firm demand, and supply, but also for long-term, planned (that is not yet firmed) demand and supply.

(MB-300 M4 SCM- Unit 7 Master Planning)

290
Q

What covers all the steps from identifying a need for product and services through procuring the product, receiving, invoicing, and processing the payment with vendors

A

Procurement and sourcing

(MB-300 M4 SCM- Unit 8 Procurement)

291
Q

What exposes a limited set of information about purchase orders, invoices, and consignment stock to external vendor users

A

The Vendor collaboration interface in Supply Chain Management

(MB-300 M4 SCM- Unit 9 Vendor Collaboration)

292
Q

What can a vendor do using the Vendor collaboration interface

A
  • View a limited set of information about purchase orders, invoices, and consignment stock to external vendor users.
  • reply to requests for quotation (RFQs)
  • view and edit basic company information

(MB-300 M4 SCM- Unit 9 Vendor Collaboration)

293
Q

What module is used to store and use data related to their relationships with leads, opportunities, customers, and prospects

A

Sales and marketing module

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

294
Q

What can be used to develop relationships with a customer(or prodpect)

A

Marketing campaigns and activities

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

295
Q

What can Sales functionality be used to create?

A
  • quotations,
  • sales orders,
  • and sales invoices.

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

296
Q

Define/Describe Sales quotation?

A

Sales quotations enable a business to create a non-binding document with the items or services that a prospect or customer wants to buy .

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

297
Q

What should happen when a customer approves a quote?

A

the quote, should be confirmed so the system will generates a sales order.

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

298
Q

What must occur before a quotation can be confirmed?

A
  • A customer account must be set up for a prospect
  • (Customer approval)

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

299
Q

Define\Describe Sales Order

A

is a contract between a business and a customer to purchase a product in a specific quantity over a specified period, in exchange for special pricing or discounts.

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

300
Q

Define\Describe Sales Agreement

A

is a contract between a business and a customer to purchase a product in a specific quantity over a specified period, in exchange for special pricing or discounts.

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

301
Q

Can a sales order be created without sales order type definition?

A

No

Sales order type must be specified when creating a sales order

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

302
Q

What are the sales order types (5 types)

A
  1. Journal
  2. Subscription
  3. Sales order
  4. Returned order
  5. Item requirements

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

303
Q

Describe Sales order type “Subscription”

A
  • Used for recurring orders.
  • When the order is invoiced, the order status is automatically set to an open order. The delivered quantity that was invoiced and the remaining deliveries are updated.
  • You can’t use this sales order type if you’re using the Warehouse management functionality.

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

304
Q

Describe Sales order type “Journal”

A
  • Used as a draft for a sales order.
  • does not affect the stock quantities and doesn’t generate item transactions.

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

305
Q

Describe Sales order type “Returned Order”

A
  • Uses when a customer returns an item.
  • A return-item number (RMA number) is automatically assigned.

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

306
Q

Describe Sales order type “Item requirements”

A

This type is created automatically when an item sale is made through a project.

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

307
Q

Can sales order type “Subscription” be used in conjunction with Warehouse Management

A

No

You can’t use this sales order type if you’re using the Warehouse management functionality

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

308
Q

This sales order type is used when a customer has placed or confirmed an order.

A

Sales Order

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

309
Q

What is a Proforma Invoice

A

A draft invoice that is generated prior to the invoice posting.

(MB-300 M4 SCM- Unit 10 Seles and Marketing)

310
Q

What helps organizations that use Supply Chain Management enhance the integration of inventory, customer demand, and sales departments to more effectively keep their customers informed.

A

The Customer portal

(MB-300 M4 SCM- Unit 11 Customer Portal)

311
Q

This is a Power Apps portals template that allows businesses to create an externally facing website for customers to access that is connected to your Supply Chain Management environment.

A

The Customer portal

(MB-300 M4 SCM- Unit 11 Customer Portal)

312
Q

List the out of the box functionality the Customer portal template includes:

A
  • View order history
  • View account information
  • Create orders
  • Preconfigured web roles and entity permissions for Power Apps portals users
  • Invitation capabilities to invite customers to the portal.

(MB-300 M4 SCM- Unit 11 Customer Portal)

313
Q

True of false , the functionality that the Customer portal template offers can be modified

A

True

(MB-300 M4 SCM- Unit 11 Customer Portal)

314
Q

What does the customer portal depend on?

A
  • Power Apps portals - To host the Customer portal; portals are licensed based on usage.
  • Dual-write – To enable dual-write for Supply Chain Management entities

(MB-300 M4 SCM- Unit 11 Customer Portal)

315
Q

What is the purpose of Power Apps portals in terms Customer Portal

A
  • host the Customer portal

(MB-300 M4 SCM- Unit 11 Customer Portal)

316
Q

What is the purpose of Dual-write in terms of the Customer Portal

A

To enable dual-write for Supply Chain Management entities

(MB-300 M4 SCM- Unit 11 Customer Portal)

317
Q

What is the the backbone of supply chain and retail applications across all industries.

A

Product information

(MB-300 M4 SCM- Unit 12 Product Information Mgmt)

318
Q

Product information refers to processes and technologies that focus on what?

A

Centrally managing information about products

(MB-300 M4 SCM- Unit 12 Product Information Mgmt)

319
Q

A product is primarily defined by these things.

A
  • Product number
  • name,
  • description

(MB-300 M4 SCM- Unit 12 Product Information Mgmt)

320
Q

In addition to product number, name and description what other data is required to describe a product or service (12 things)?

A
  1. Product type
  2. Product subtype
  3. Definition of product variant model:
  4. Product dimensions and dimension groups
  5. Product nomenclature
  6. Product configuration models
  7. Association of the product with one or more categories
  8. Definition of the product and category attributes
  9. Product images
  10. Attachments
  11. Units of measure and related conversions
  12. Translations for all names and descriptions

(MB-300 M4 SCM- Unit 12 Product Information Mgmt)

321
Q

What are the two product types?

A
  1. Item
  2. Service

(MB-300 M4 SCM- Unit 12 Product Information Mgmt)

322
Q

What are the two product subtypes?

A
  1. Distinct Products
  2. Product masters

(MB-300 M4 SCM- Unit 12 Product Information Mgmt)

323
Q

What type of manufacturing is based on the backflush costing Principle?

A

Lean manufacturing

(MB-300 M4 SCM- Unit 13 Production control)

324
Q

What is the Production of products process also known as?

A

Production life cycle

(MB-300 M4 SCM- Unit 13 Production control)

325
Q

This process follows specific steps required to complete the manufacturing of an item

A

Production life cycle

(MB-300 M4 SCM- Unit 13 Production control)

326
Q

What does the production life cycle end with?

A

Creation of the production order, batch order, or kanban

(MB-300 M4 SCM- Unit 13 Production control)

327
Q

What does the production life cycle begin with?

A

A finished, manufactured item that is ready for either a customer or another phase of production

(MB-300 M4 SCM- Unit 13 Production control)

328
Q

What will a production order, batch order of kanban show as each step in the production life cycle is completed?

A

A change in the production status

(MB-300 M4 SCM- Unit 13 Production control)

329
Q

Why is it important that the Production control module is linked to other modules, such as Product information management, Inventory management, General ledger, Warehouse management, Project accounting, and Organization administration.

A

This integration supports the information flow that is required to complete the manufacturing of a finished item.

(MB-300 M4 SCM- Unit 13 Production control)

330
Q

What defines the requirements for reporting about material and resource consumption during the production process and influences the production process

A

cost accounting and inventory valuation methods

(MB-300 M4 SCM- Unit 13 Production control)

331
Q

True or false, Typically actual cost methods allow for less granular reporting of material and resource consumption.

A

False

Typically, actual cost methods require accurate reporting on the job level, whereas periodic costing methods allow for less granular reporting of material and resource consumption.

(MB-300 M4 SCM- Unit 13 Production control)

332
Q

Typically, periodic costing require very detailed accurate reporting on the job level

A

False

Typically, actual cost methods require accurate reporting on the job level, whereas periodic costing methods allow for less granular reporting of material and resource consumption.

(MB-300 M4 SCM- Unit 13 Production control)

333
Q

Supply Chain Management facilitates intercompany trade so :

A

An organization’s legal entities can trade goods and have all documents automatically generated for the participating legal entities, thus saving the organization time and money.

(MB-300 M4 SCM- Unit 14 Intercompany trade)

334
Q

Which module lets you manage warehouse processes in manufacturing, distribution, and retail companies.

A

Warehouse management module in Supply Chain Management

(MB-300 M4 SCM- Unit 15 Warehouse Mgmt)

335
Q

Is programming needed to implement a mobile device for Warehouse management

A

No

The Warehouse Management module has a wide range of features to support the warehouse facility at an optimal level, at any time and includes full support for fully implementing a mobile device with user-friendly, no programming, functionality.

(MB-300 M4 SCM- Unit 15 Warehouse Mgmt)

336
Q

What are some primary business process that warehouse management is fully integrated with in Supply Chain Management (7 things listed)

A
  1. transportation,
  2. manufacturing,
  3. quality control,
  4. purchasing,
  5. Inventory transfer,
  6. sales,
  7. returns.

(MB-300 M4 SCM- Unit 15 Warehouse Mgmt)

337
Q

Which Supply Chain Management lets you use your company’s transportation, and allows you to identify vendor and routing solutions for inbound and outbound orders.

A

Transportation management module

(MB-300 M4 SCM- Unit 16 Transportation Mgmt)

338
Q

Which Supply Chain Management lets you identify the fastest route or the least expensive rate for a shipment.

A

Transportation management module

(MB-300 M4 SCM- Unit 16 Transportation Mgmt)

339
Q

What scenarios can you use the Transportation management module in Supply Chain Management for (4 things listed)

A
  • When you are using external logistics providers for transportation activities.
  • When the company’s own fleet is available for delivery/pickup, and delivery charges are transferred to customers.
  • When the company’s own fleet is available for delivery/pickup, but delivery charges aren’t transferred to customers because product prices include transportation.
  • Logistics service is provided by another legal entity in the same company.

(MB-300 M4 SCM- Unit 16 Transportation Mgmt)

340
Q

What are the core concepts of the Production control module (14 things)

A
  1. Calendars
  2. Resources
  3. Resource types
  4. Resource capabilities
  5. Bill of materials (BOM)
  6. Routes and operations
  7. Formula
  8. Value streams
  9. Production flow models
  10. Production units
  11. Production groups
  12. Production pools
  13. Allocation keys
  14. Kanban functionality

(MB-300 M5 Prod- Unit 1 Core concepts)

341
Q

What are Resources?

A
  • Company’s total working resources.
  • Anything that is used for the creation, production, or delivery of a good and/or service over and beyond the materials consumed in the process.

(MB-300 M5 Prod- Unit 1 Core concepts)

342
Q

What are the Resources types and are they required

A

Resource type is a required field in resource configuration. The types are

  • Machines
  • Tools
  • Human Resources (People)
  • Vendors
  • Location
  • Facility

(MB-300 M5 Prod- Unit 1 Core concepts)

343
Q

Where are Resources created?

A

Resources are created in the Organization administration module.

(MB-300 M5 Prod- Unit 1 Core concepts)

344
Q

What is used in along with Resources to manage the overall capacity of a company’s equipment and resources.

A

Calendar

(MB-300 M5 Prod- Unit 1 Core concepts)

345
Q

When would you use Vendor as the resource type?

A

Use this type when an operation (or task) is performed by an outside resource or subcontractor. A vendor number can be associated with this kind of resource to help with scheduling and tracking.

(MB-300 M5 Prod- Unit 1 Core concepts)

346
Q

When would you use Machine as the resource type?

A

Use this type to tie an individual machine or group of machines with a resource. It is the most frequently used type of resource.

(MB-300 M5 Prod- Unit 1 Core concepts)

347
Q

When would you use Human resources as the resource type?

A

Use this type to define when personnel or a group of employees conduct an operation.

(MB-300 M5 Prod- Unit 1 Core concepts)

348
Q

When would you use Location as the resource type?

A

Use this type to control and schedule the reservations of a specific location.

(MB-300 M5 Prod- Unit 1 Core concepts)

349
Q

When would you use Facility Use this tyas the resource type?

A

Use this type to define a building or fixed structure that is required to perform an activity.

(MB-300 M5 Prod- Unit 1 Core concepts)

350
Q

True or false

The relationship between resource and capability is one to one

The relationship between capability and resource is many to one.

A

False

A resource can have more than one capability assigned to it, and a capability can be assigned to more than one resource.

Many to many

(MB-300 M5 Prod- Unit 1 Core concepts)

351
Q

True or false

A capabilities are assigned to resource types

A

False

Capabilities are assigned to an operation’s resource.

(MB-300 M5 Prod- Unit 1 Core concepts)

352
Q

What configuration would you use to identify significantly different processing speeds during scheduling

A

Resource Capabilities

When defining capabilities for different resources, you should set up capabilities so that significantly different processing speeds are set up as different capabilities.

(MB-300 M5 Prod- Unit 1 Core concepts)

353
Q

Are/Where are Resource capabilities configured?

A

Organizational administration > Resources > Resource capabilities

(MB-300 M5 Prod- Unit 1 Core concepts)

354
Q

This contains all the ingredients, components, parts, or raw materials that are required to make one finished product

A

Bill of materials (BOM)

(MB-300 M5 Prod- Unit 1 Core concepts)

355
Q

Where are BOMS set up?

A

Product information management > Bill of materials and formulas > Bill of materials

(MB-300 M5 Prod- Unit 1 Core concepts)

356
Q

What does a route define?

A

The process steps that are needed to produce a finished product

(MB-300 M5 Prod- Unit 1 Core concepts)

357
Q

What are A, B and C in the sentence below

The (A) defines the materials required, the (B) defines where the item is produced, and the (C) determines the sequence of events to build the finished product.

A

A = BOM

B = Resource

C = Route

(MB-300 M5 Prod- Unit 1 Core concepts)

358
Q

What are operations

A

Operations are the tasks or work processes that are put together with a route to produce a specific product.

Each task is associated with a time allotment to complete the individual task.

(MB-300 M5 Prod- Unit 1 Core concepts)

359
Q

What are production groups used for and are they required?

A

Production groups are optional

They are used to establish relationships between the production order and ledger accounts.

The ledger accounts will be used to post or to group orders for reporting.

(MB-300 M5 Prod- Unit 1 Core concepts)

360
Q

What are properties used for and are they required?

A

Properties are optional

Define properties to create special attributes that you can assign to your resources for use in the scheduling process. These attributes are connected to the working time template.

(MB-300 M5 Prod- Unit 1 Core concepts)

361
Q

What are production pools used for and are they required?

A

Production pools are optional

Production pools group production orders for processing urgent production orders or for deleting and posting groups of orders.

(MB-300 M5 Prod- Unit 1 Core concepts)

362
Q

Which modules in Supply Chain Management are integrated with the Production control module to provide the flow of information required to complete the manufacturing of a finished item (7 items in list) :

A
  1. Inventory management
  2. Warehouse management
  3. General ledger
  4. Master planning
  5. Organization administration
  6. Project accounting
  7. Product information management

(MB-300 M5 Prod- Unit 1 Core concepts)

363
Q

What happens if one or more of the mandatory steps (or updates) in the Production Life Cycle are skipped

A

he steps are performed automatically before the production order is moved to the next step

(MB-300 M5 Prod- Unit 1 Core concepts)

364
Q

What are the Production Life Cycle statuses (7 items)?

A
  1. Create
  2. Estimate
  3. Schedule
  4. Released
  5. Start
  6. Report as finished
  7. End

(MB-300 M5 Prod- Unit 1 Core concepts)

365
Q

Fill in the blank

The production order is assigned a _____ that reflects where it is in the production life cycle

A

Status

(MB-300 M5 Prod- Unit 1 Core concepts)

366
Q

True or False

You must choose one of the four order types to define the end-to-end process of producing one finished product.

A

False

Supply Chain Management can apply the various order types in a mixed mode. In other words, all order types can occur during the end-to-end process of producing one finished product.

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

367
Q

What are the order types applied to the different products and production topologies?

A
  1. Production Order
  2. Batch Order
  3. Kanban
  4. Project

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

368
Q

What order type is defined as the classic order type used to produce a specific product or product variant in a given quantity on a specific date.

A

Production Order

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

369
Q

What are production order types bases on?

A

Production orders are based on bills of materials (BOMs) and routes.

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

370
Q

What are Batch types bases on?

A

Batch orders use formulas and routes.

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

371
Q

What order type is used for process industries and discrete processes where the manufacturing conversion is based on a formula, or where co-products and by-products ?

A

Batch Order

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

372
Q

What order type is used to signal repetitive lean manufacturing processes

A

Kanban

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

373
Q

What are Kanban order types based on

A

Kanbans are based on production flows, kanban rules, and BOMs.

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

374
Q

What order type combines products and services with a given schedule and budget?

A

Project

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

375
Q

True or False

The manufacturing part of a project can be delivered through discrete manufacturing. process manufacturing and lean (kanban).

A

False

The manufacturing part of a project can be delivered through either discrete or process manufacturing but not lean (kanban).

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

376
Q

What are the supply policy options?

A
  1. kanbans
  2. production orders
  3. purchase orders
  4. batch orders
  5. transfer orders

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

377
Q

Fill in the blank

In Unified Planning, you can model your supply chain based on_________.

A

the material flow

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

378
Q

The granularity of the supply policies that are used in master scheduling depends on?

A

the storage dimensions that are enabled as coverage dimensions.

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

379
Q

What does Microsoft recommend that you enable To facilitate master scheduling control over the replenishment and supply of different types of locations (for example, by separating the production floor for different production units, or by separating different types of material and finished goods warehouses)

A

Recommend enabling Site and Warehouse as coverage dimensions.

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

380
Q

Define A and B

If Warehouse is omitted as a coverage dimension and Advanced warehouse management is being used in Supply Chain Management

  • All movements inside a warehouse are controlled by (A)
  • All movements across warehouses can be controlled by (B).
A

(A) warehouse work,

(B) withdrawal kanbans

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

381
Q

Unified planning in Supply Chain Management controls:

A
  • how a product is supplied
  • and, based on the supply, how derived requirements (consumption of items from a BOM) are issued.

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

382
Q

Using unified planning. the system automatically sources materials to match the requirements based on what?

A

Order type

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

383
Q

Supply policies can be defined at the product level or at any granularity that supports your requirements.

  • Where would you define granularity of supply policies
A

Default order settings page.

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

384
Q

Supply policies can be controlled by product, item dimensions (configuration, color, and size), site, and warehouse.

Where is this setup is done?

A

Item coverage page

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

385
Q

Using the setup on the Item coverage page, supply policies can be controlled by:

A
  • product
  • item dimensions (configuration, color, and size),
  • site,
  • and warehouse

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

386
Q

What is default order type control

A

the type of order master planning generates

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

387
Q

When/how is the warehouse for picking material assigned after the supply policy has been defined.

A

dynamically at run time,

The warehouse for picking material is assigned dynamically at run time, after the supply policy has been defined.

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

388
Q

True or false

Kanbans are typically created for future dates

A

Typically, kanbans are not created for future dates because a kanban has a short life cycle.

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

389
Q

What is would you use the “planned kanban” planning concept for (3 things in list)

A
  • To maintain full visibility into the supply chain
  • to calculate derived requirements
  • to help guarantee that the requirements are sourced based on the same logic that is used when the actual kanban is created

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

390
Q

What is the purpose of resource consumption setting on the BOM line setup?

A
  • When the Resource consumption field on a BOM line is selected, the warehouse is found from the resource that is used by the operation that is set up to consume the material.
  • Resource consumption enables a warehouse for picking materials to be selected dynamically, based on the supply policy (order type)

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

391
Q

What is another name for Unified Manufacturing

A

Mixed Mode manufacturing

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

392
Q

A.) What does Microsoft recommend you do to ensure full flexibility in Unified Manufacturing (Mixed Mode Manufacturing),

B.) why

C.) and what is the exception?

A
  • (A) Use production type BOMs for all products.
  • (B) You can then use production orders, kanbans, transfer orders, or purchase orders to supply a product.
  • (C) Process manufacturing is an exception, you must use a production type of Formula, Co-product, By-product, or Planning item. Kanbans and production orders can’t be used for these production types.

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

393
Q

Which production order type/s cannot be used for Process Manufacturing product

A

Kanban and Production Order

(You must use production type of Formula, Co-product, By-product, or Planning item)

(MB-300 M5 Prod- Unit 3 Unified Manufacturing)

394
Q

What do you need to consider to select the manufacturing principle that best applies to a product and related market,

A
  • the requirements of production and logistics,
  • customer expectations about delivery lead times.

(MB-300 M5 Prod- Unit 4 Mfg Principles)

395
Q

Name the four primary manufacturing principles?

A
  • Make to stock
  • Make to order
  • Configure to Order
  • Engineer to Order

(MB-300 M5 Prod- Unit 4 Mfg Principles)

396
Q

What is the classic manufacturing principle where products are produced for stock based on forecast or minimum stock refill

A

Make to Stock

(MB-300 M5 Prod- Unit 4 Mfg Principles)

397
Q

What is minimum stock refill calculation typically based on?

A

forecast or historic consumption

(MB-300 M5 Prod- Unit 4 Mfg Principles)

398
Q

For which manufacturing principle is the following the case?

Although pre-production might be done using the make to stock principle, expansive steps of the value chain, or steps that create variants, are triggered by a sales order or transfer order.

A

Make to Order

(MB-300 M5 Prod- Unit 4 Mfg Principles)

399
Q

Describe Make to Order manufacturing principle

A
  • Standard products are made to order or finished to order.
    • Although pre-production might be done by using the make to stock principle, expansive steps of the value chain, or steps that create variants, are triggered by a sales order or transfer order.

(MB-300 M5 Prod- Unit 4 Mfg Principles)

400
Q

Describe Make to Order manufacturing principle

A
  • Actual product variant to be produced isn’t predefined but is created at the time of order entry based on the configuration model of the sales product.
  • Similar to the make to order principle, the final operations of the value chain are made to order.

(MB-300 M5 Prod- Unit 4 Mfg Principles)

401
Q

The configure to order principle requires a certain level of what

A

Process unification for a given product line.

(MB-300 M5 Prod- Unit 4 Mfg Principles)

402
Q

What is usually used to address Engineer to Order manufacturing principle?

A

Typically addressed by a project

(MB-300 M5 Prod- Unit 4 Mfg Principles)

403
Q

What usually the start of the Engineer to Order manufacturing principle?

A
  • Usually start with the engineering phase.

(MB-300 M5 Prod- Unit 4 Mfg Principles)

404
Q

In the Engineer to Order manufacturing principle, when are the actual products required to fulfill an order designed and described.

A

During the Engineering phase

(MB-300 M5 Prod- Unit 4 Mfg Principles)

405
Q

True or False

In the Engineer to order manufacturing principle, Production orders, batch orders, or kanbans can be created to produce the products.

A

True

  • During engineering phase, actual products required to fulfill an order are designed and described.
  • Production orders, batch orders, or kanbans can then be created to produce the products.

(MB-300 M5 Prod- Unit 4 Mfg Principles)

406
Q

Fill in the blank

________________is basically a request to start the manufacturing of the quantity of items that are specified on the order.

A

A production order

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

407
Q

What do production orders contain

A
  • list of raw materials from the BOM, or a formula that might contain co-products and by-products
  • the resources that will be used
  • the routes, and the operations.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

408
Q

What are the steps in the production life cycle that can occur for all order types in mixed mode manufacturing (13 items) * Not all have explicit order status

A
  1. Created
  2. Estimated
  3. Scheduled
  4. Released
  5. Release BOM lines to warehouse management
  6. Prepared/Picked
  7. Started
  8. Report Progress / Complete jobs
  9. Report as finished
  10. Quality Assessment
  11. Put away and ship
  12. Ended
  13. Period closure

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

409
Q

What are the two means by which Production Orders are created

A
  1. Manually
  2. System generated based on configuration for various demand signals

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

410
Q

What are the demand signals that affect master planning?

A
  • sales orders
  • pegged supply signals from other production orders or kanbans
  • For fixed quantity kanbans, demand signals are generated when kanbans are registered as empty.
  • (Forecast ?)

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

411
Q
  • When are demand signal generated for fixed quantity kanbans
A

When kanbans are registered as empty.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

412
Q

During the estimate step of the production life cycle, purchase orders for materials or subcontracted operation services are generated and pegged to the production order or batch order when?

A

BOM contains lines of the Pegged supply type

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

413
Q

What happens during the estimate step of the production life cycle if If the BOM contains lines of the Pegged supply type

A

Purchase orders for materials or subcontracted operation services are generated and pegged to the production order or batch order.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

414
Q

What is the primary purpose of the Estimate step om the production life cycle.

A
  • Calculate estimates for material and resource consumption.
  • Items or orders are reserved according to the reservation strategy of the production order.
  • Price is calculated based on parameter settings
  • Inventory transactions are generated for raw materials that have a status of On order and for material demand.
  • Receipts for main products, co-products, and by-products are generated for production orders or batch orders

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

415
Q

True or false

You can schedule production based on one of the following operation or individual jobs.

A

False

You can schedule production based on operations, individual jobs, or both

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

416
Q

Which scheduling method allows you to assign start and end dates to production orders

A

Operations scheduling

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

417
Q

Which scheduling method provides a rough, long-term plan

A

Operations scheduling

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

418
Q

In Operation scheduling, Production orders can be assigned to cost center groups if they are

A

attached to route operations

If the production orders are attached to route operations, you can assign them to cost center groups.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

419
Q

Which scheduling method provides a detail plan where each operation has specific dates and operation resources assigned that can be viewed and changed in Gantt Chart

A

Job Scheduling

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

420
Q

f finite capacity is used, how are jobs are assigned to operations resources

A

based on availability

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

421
Q

What are the two ways Kabans are scheduled

A
  1. Scheduled on the Kanban schedule board,
  2. Automatically scheduled based on the automatic planning configuration of the kanban rules.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

422
Q

When can you release a production order or batch order ?

A

When the schedule is finished and the material is available to be picked or prepared.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

423
Q

How does the material availability check at the time of release help the shop floor supervisor?

A

Helps them assess the availability of material for the production orders or batch orders.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

424
Q

What can/does happen during Release step of the Production Life Cycle?

A
  • Material Availability Check
  • Print production order documents (job card, route card, route job)
  • Status of order changes to indicate production can begin
  • BOM Lines are released to warehouse management

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

425
Q

Does warehouse release always occur at production release?

A

No, you can de-couple warehouse release from production order release by using parameters.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

426
Q

What can you use tp decouple warehouse release and production release

A

System Parameters

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

427
Q

What are the possible status for production BOM lines or kanban lines when all materials and resources have been staged at the production location

A
  • Picked
  • Reserved Physical

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

428
Q

What do you do if you want the production BOM lines or kanban lines to be set to Reserved Physical instead of Picked when all materials and resources have been staged at the production location?

A

Configure the warehouse parameter to have the lines be updated to Reserved physical instead of Picked.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

429
Q

At what step in the production life cycle are pegged supply orders and related warehouse work typically completed ?

A

Prepared/Picked

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

430
Q

What is auto consumption?

A
  • The system can be configured to automatically post the material and resource consumption that are allocated to the order when the order is started.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

431
Q

What is forward flushing?

A
  • The system can be configured to automatically post the material and resource consumption that are allocated to the order when the order is started.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

432
Q

What is preflushing?

A
  • The system can be configured to automatically post the material and resource consumption that are allocated to the order when the order is started.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

433
Q

Can you/ how can you manually allocate materials to production orders or batch orders

A
  • You can manually allocate materials to production orders or batch orders by creating additional picking list journals.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

434
Q

How do you manually allocate labor and other route costs in job scheduling?

A

you can manually allocate costs by creating a job card journal.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

435
Q

How do you manually allocate labor and other route costs in operations scheduling?

A

you can manually allocate costs by creating a route card journal.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

436
Q

Within a production order, batch order, or kanban, how the jobs that are created be started and reported separately through:

A
  • journals,
  • the manufacturing execution system terminal (MES Terminal),
  • or kanban boards.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

437
Q

What does MES in MES Terminal stand for?

A

Manufacturing execution system terminal

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

438
Q

At what step in the Production life cycle can you begin reporting material and resource consumption against the order.

A

Started

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

439
Q

What can be used to report the production progress by job or resource.

A
  • The manufacturing execution system (MES) terminal,
  • production journals,
  • kanban boards,
  • or mobile scanning capabilities

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

440
Q

What happens at the report progress/complete jobs step of the production life cycle

A
  • Production progress by job or resource is reported.
  • Material and resource consumption will be posted,
  • Status of related kanbans, production orders, and batch orders might be updated to Received or Reported as finished.
  • Put-away work for the warehouse might be created, depending on the warehouse configuration.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

441
Q

What can or does happens at the Report as Finished (RAF) step of the production life cycle (5 things in list)

A
  1. The quantity of the finished goods that were completed is updated in inventory (including quantity of relevant co-products and by-products.)
  2. A ledger journal is generated to reduce the WIP accounts and increase the inventory of the finished goods (if WIP Accounting is being used).
  3. When the cost of a production order is calculated, the actual cost of the production is posted.
  4. If the material and labor costs can be automatically allocated through back-flushing
  5. Optionally the user can select the End job check box to change the remaining status to Ended.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

442
Q

What is backflushing

A

Allocation through back-flushing involves the post-deducting of inventory transaction processes.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

443
Q

Why is quality assessment is a mandatory process in many industries

A

Because a quality order can update the inventory status or the batch attributes of the tested products

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

444
Q

What configuration can be used to trigger the creation of quality orders at the time of a product receipt can

A

test processes and the quality rules that are established for specific products.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

445
Q

If the product receipt and quality assessment have been performed, what can you use the optional put-away work for

A

direct the received products to the next point of consumption ( finished goods warehouse or shipment zone if there are ship-to-order requirements).

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

446
Q

Which production life cycle status prevents any additional costs from being posted to a completed production order.

A

Ended

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

447
Q

What happens if you select the End job check box when you run the cost calculation on a production order

A

The production order status changes to Ended.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

448
Q

What happens during End step of the production life cycle

A
  • All estimated costs of material, labor, and overhead are reversed and replaced with actual costs.
  • The status changes to Ended. preventing any additional costs from being posted to a completed production order.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

449
Q

In terms of the production Lifecyle. which cost accounting principles, require periodic activities to close the inventory or financial period.

A
  • periodic average
  • back-flush costing,
  • FIFO (first in, first out),
  • or LIFO (last in, first out),

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

450
Q

In terms of the production lifecycle, The reporting for periodic closure is typically done by using:

A

inventory movement journals or adjustment journals.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

451
Q

What is the goal of periodic closure in the production lifecycle

A

The goal is to assess the economic performance of operating units per period.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

452
Q

What can be used to report the production progress and resource consumption by the end of the period. when long-running production orders span across multiple financial reporting periods

A

production journals can be used to report the production progress and resource consumption by the end of the period.

(MB-300 M5 Prod- Unit 5 Overview of Lifecycle)

453
Q

What are the 14 characteristics of discrete manufacturing?

A
  1. Order-based production (production in individual production orders)
  2. Product changes frequently
  3. Varying sequence of work centers (complex routings)
  4. Semi-finished products often put into interim storage
  5. Components staged with reference to order
  6. Status processing
  7. Completion confirmation (backflush) for individual operations or orders
  8. Order-based cost accounting
  9. Builds, assembles, produces in low volume with high complexity or high volume of low complexity
  10. Makes products
  11. Raw materials are most often measured in pieces
  12. Products are usually scaled for an output of one (1)
  13. Only has one product output
  14. Waste can only be accounted for on raw material lines

(MB-300 M5 Prod- Unit 7 Discrete Mfg)

454
Q

What are the 14 characteristics of process manufacturing?

A
  1. Uses a formula, or recipe
  2. Blends products together in a batch
  3. Builds something that cannot be taken apart
  4. Has analogous products, where you can’t tell one product from another
  5. Includes products that cannot be reversed
  6. Involves variable ingredients
  7. Produces co-products and by-products
  8. Contains minimal interruptions
  9. Makes products in bulk quantities, such as paints, pharmaceuticals, beverages, and food products
  10. Measures raw material ingredients in formulas by weight or volume instead of pieces
  11. Has one or more standard sizes (batch sizes) that are scaled for a quantity greater than one
  12. Has potentially one or more product outputs
  13. Accounts for waste/loss as yield, which is the ratio between output and input
  14. Supports a wide range of processes, including make to order (MTO), make to stock (MTS), in mixed mode, and hybrid environments

(MB-300 M5 Prod- Unit 7 Process Mfg)

455
Q

Key requirements of process manufacturing include (10 tings in list):

A
  1. Formula management
  2. Co-product and by-product planning and management (including allocating cost for unplanned co-products and by-products)
  3. Containerized packaging
  4. Batch order management (including consolidating batch orders for packed products with similar packed products and a parent bulk item)
  5. Full visibility and partial visibility catch weight functionality
  6. Batch attribute assignment, search, and reserve capability
  7. Inventory batch management
  8. First expiry, first out (FEFO) and shelf life inventory management to set vendor-specific batch information
  9. Commodity pricing functionality
  10. Rebate and trade promotion capability

(MB-300 M5 Prod- Unit 7 Process Mfg)

456
Q

What type of manufacturing can be used by companies who want to automate their distribution processes for products that are usually manufactured in a batch or semi-continuous processing environment.

A

Process manufacturing

(MB-300 M5 Prod- Unit 7 Process Mfg)

457
Q

Features of process manufacturing that can be valuable to companies (11 things in list)

A
  • Retention of complex formulas
  • Manage shelf life products
  • Manage commodity pricing
  • Manage product compliance
  • Set up and apply complex rebates
  • Advanced lot tracking and control
  • Enhanced cost management of multiple outputs
  • Procure, store, and sell products in dual units of measure
  • Manage production for assembly or disassembly for single or dual units of measure
  • forecast and plan the supply and demand
  • can easily switch between make or buy decisions

(MB-300 M5 Prod- Unit 7 Process Mfg)

458
Q

What are the 5 characteristics (NOT Principles) of Lean Manufacturing?

A
  1. Waste minimization without sacrificing productivity
  2. Considers waste created through overburden and waste created through unevenness in work loads
  3. Emphasizes what adds value and reduces everything that does not add value
  4. Derived from the Toyota production system
  5. Known for its focus on the original Toyota seven wastes

(MB-300 M5 Prod- Unit 8 Lean Mfg)

459
Q

Lean, Womack and Jones defined the five Lean principles as:

A
  1. Customer value
  2. Identify the value stream
  3. Flow
  4. Pull
  5. Perfection

(MB-300 M5 Prod- Unit 8 Lean Mfg)

460
Q
  • Who defines the value of product in a Lean supply chain.
A

The customer

(MB-300 M5 Prod- Unit 8 Lean Mfg)

461
Q

What is considered a Value-adding activities

A

Activities that transform the product closer to what the customer wants.

(MB-300 M5 Prod- Unit 8 Lean Mfg)

462
Q

In lean manufacturing an activity that does not add value is:

A

considered to be waste.

(MB-300 M5 Prod- Unit 8 Lean Mfg)

463
Q

What is value stream (in Lean Mfg)?

A

(MB-300 M5 Prod- Unit 8 Lean Mfg)

  • A value stream is the processes of creating, producing, and delivering a good or service to the market
    • The sequence of processes from raw material to final customer (or from product concept to market launch) that creates value

(MB-300 M5 Prod- Unit 8 Lean Mfg)

464
Q

What can Value stream mapping help with

A

Value stream mapping is an important tool that helps model the Lean transformation

(MB-300 M5 Prod- Unit 8 Lean Mfg)

465
Q

In terms of lean manufacturing, what are you creating if you link all the activities and processes into the most efficient combinations to maximize value-added content while minimizing waste.

A

One-piece flow

(MB-300 M5 Prod- Unit 8 Lean Mfg)

466
Q

In terms of lean manufacturing, what are you creating if you link all the activities and processes into the most efficient combinations to maximize value-added content while minimizing waste.

A

Pull is the response to the customer’s rate of demand; so, the actual customer demand that drives the supply chain

In other words, make only what is needed by the customer (short-term response to the customer’s rate of demand).

(MB-300 M5 Prod- Unit 8 Lean Mfg)

467
Q

what concept is defined by the following

Based on a supply chain view from downstream to upstream activities, nothing is produced by the upstream supplier until the downstream customer signals a need.

A

Pull concept

(MB-300 M5 Prod- Unit 8 Lean Mfg)

468
Q

In terms of Lean’s striving for perfection principle, Lean is:

A

a journey of continuous improvement.

(MB-300 M5 Prod- Unit 8 Lean Mfg)

469
Q

The objectives of the Lean enterprise are to

A
  • correctly specify value to the ultimate customer.
  • analyzes and focuses the value stream to remove actions that do not create value proceed with actions that add value in a continuous flow as pulled by the customer.

(MB-300 M5 Prod- Unit 8 Lean Mfg)

470
Q

In terms of Lean’s striving for perfection principle. the goal of lean is to:

A

produce exactly what the customer wants, when the customer wants it, and in the most economical manner

(MB-300 M5 Prod- Unit 8 Lean Mfg)

471
Q

What is Kaizen?

A
  • Kaizen is a management philosophy that emphasizes employee participation, where every process is continuously evaluated and re-evaluated to eliminate waste.

Japanese for “continuous improvement.”

MB-300 M5 Prod- Unit 8 Lean Mfg)

472
Q

In lean, what is a cell (Work cell)?

A
  • a manufacturing or service unit consisting of several workstations and the materials transport mechanisms and storage buffers that interconnect them.
  • a resource group, where resources are grouped to run a process flow.

(MB-300 M5 Prod- Unit 8 Lean Mfg)

473
Q

True or False

A work cell represents the effective capability of all resources assigned to the cell and its configuration in the system contains the internal structure of the cell

A

False

The work cell represents the effective capability of all resources that are assigned to the cell. It is handled as a black box, meaning that the internal structure of the cell is not documented in the system.

(MB-300 M5 Prod- Unit 8 Lean Mfg)

474
Q

In lean manufacturing, cycle time means?

A

The time between completion of two discrete units of production.

(MB-300 M5 Prod- Unit 8 Lean Mfg)

475
Q

Fill in the blank

In lean manufacturing _____ sets the pace of production to match the rate of customer demand

A

Takt Time

(MB-300 M5 Prod- Unit 8 Lean Mfg)

476
Q

How is Takt time calculated in Lean Manufacturing?

A

Available production time divided by the rate of customer demand

(MB-300 M5 Prod- Unit 8 Lean Mfg)

477
Q

True or false

Cycle time becomes the rhythm of any Lean production system

A

False

  • Takt time becomes the rhythm of any Lean production system
  • Takt time sets the pace of production to match the rate of customer demand

(MB-300 M5 Prod- Unit 8 Lean Mfg)

478
Q

How should supermarket areas be set up for lean manufacturing?

A
  • Supermarket areas should be grouped together to enable the material handler to visit on his or her regular routes.

(MB-300 M5 Prod- Unit 8 Lean Mfg)

479
Q

What is Production Flow (Lean)

A
  • The flow of material and products throughout work cells and locations for a specific production or supply scenario
  • a sequence or small network of process or transfer activities

(MB-300 M5 Prod- Unit 8 Lean Mfg)

480
Q

What is Backflush Costing ?

A
  • Backflush costing omits recording some or all of the journal entries that relate to the stages from the purchase of direct materials to the sale of finished goods.
  • Because some stages are omitted, the journal entries for a subsequent stage use normal or standard costs to work backward to “flush out” the costs in the cycle for which journal entries were not made.

(MB-300 M5 Prod- Unit 8 Lean Mfg)

481
Q

Describe a Kanban

A
  • Japanese for “visible record.”
  • Kanbans have been adopted by many industries as a method of controlling production and internal supply.
  • A kanban can apply to a paper ticket or a physical container.

MB300 - DECK 1 (1 decks)

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