Looking to master product information management and standard cost updates in Dynamics 365 Supply Chain Management? This comprehensive guide explains the three correct approaches for managing costing versions across legal entities: one-version, two-version, and hybrid approaches.
Table of Contents
Question
You are tasked with ensuring accurate product information management across all legal entities for a newly introduced product line. You will manage the standard cost updates for these products.
What three actions should you perform? Each correct answer presents part of the solution. Choose 3.
A. Use the one-version approach where the original costing version contains all cost records.
B. Do not manage the standard cost updates and let the system automatically update the costs based on market trends.
C. Use an external PIM system to manage the standard cost updates.
D. Use the two-version approach where one version contains records of the original costs and a second version contains records of all cost updates.
E. Use a hybrid approach where some cost records are contained in the original costing version and others are contained in a separate costing version.
F. Use a three-version approach where one version contains records of the original costs, a second version contains records of all cost updates, and a third version contains records of future cost projections.
Answer
A. Use the one-version approach where the original costing version contains all cost records.
D. Use the two-version approach where one version contains records of the original costs and a second version contains records of all cost updates.
E. Use a hybrid approach where some cost records are contained in the original costing version and others are contained in a separate costing version.
Explanation
The one-version approach uses a single costing version that contains all cost records. These records include the original costs and all cost updates. The two-version approach uses one version that contains records of the original costs and a second version that contains records of all cost updates. A hybrid approach can also be used where some cost records are contained in the original costing version and others are contained in a separate costing version. Using a three-version approach or an external PIM system to manage the standard cost updates are not mentioned in the text. Letting the system automatically update the costs based on market trends may lead to inaccuracies in cost management.
Microsoft Dynamics 365 Supply Chain Management Functional Consultant MB-330 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the Microsoft Dynamics 365 Supply Chain Management Functional Consultant MB-330 exam and earn Microsoft Dynamics 365 Supply Chain Management Functional Consultant MB-330 certification.