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Microsoft MB-330 is an important certification exam for individuals who wish to become Microsoft Dynamics 365 Supply Chain Management Functional Consultants. By gaining this certification, candidates can demonstrate their expertise in navigating the complexities of supply chain management and provide valuable consulting services to organizations. MB-330 exam is designed to test individuals on a range of skills including the ability to configure and implement supply chain management solutions, set up and manage inventory management, and optimize warehouse management.
Potential Exam Candidate
Exam MB-330 is purposed for functional consultants who possess a fundamental comprehension of matters to do with concepts concerning accounting principles alongside financial operations in relation to business, manufacturing, customer service, field service, SCM (Supply Chain Management), and retail. Their specialization is on one or multiple feature sets regarding finance in addition to Operation apps including manufacturing, finance, and SCM.
NEW QUESTION # 60
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question In this section, you will NOT be able to return to It. As a result, these questions will not appear In the review/ screen.
You are the purchasing manager at a manufacturing company that makes audio equipment- You sign an agreement with a vendor to purchase 5,000 speaker cables. Item C0001, at a discounted rate of S3,00 per cable. This agreement expires in exactly one year.
You need to set up pricing information and track the fulfillment of the agreement.
Solution: Create a purchase agreement for the vendor that specifies a product quantity commitment. Include the quantity, the price, and the expiration date.
Does the solution meet the goal?
- A. Yes
- B. No
Answer: A
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-agreements
NEW QUESTION # 61
A company has items in inventory with two costing methods: FIFO and Standard. The company needs to calculate the cost of all items at month end and provide a total inventory value to the finance department.
You need to determine the total value of inventory.
Which costing method requires running the inventory close?
- A. FIFO and Standard Cost items
- B. LIFO, Moving Average, and Date Weighted Average items
- C. Standard Cost items only
- D. FIFO items only
Answer: A
NEW QUESTION # 62
A company uses Dynamics 365 Supply Chain Management.
You need to implement inventory cycle counting.
Which counting methods should you use? To answer, drag the appropriate counting methods to the correct requirements. Each counting method may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Reference:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/warehousing/cycle-counting
NEW QUESTION # 63
You need to consolidate orders and prepare to rate shop shipments.
How should you complete the setup? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
NEW QUESTION # 64
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A company has an agreement to pay royalties to a third party for use of their logo.
A royalty contract must be setup so that the third party paid monthly. The payment is based on invoiced sales.
You need to create a royalty contract and create monthly Accounts payable to the third party.
Solution: Use the automatically calculated royalty amounts to approve and then create a monthly claim to pay the vendor.
Doss the solution meet the goal?
- A. Yes
- B. No
Answer: B
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/royalty-contract
NEW QUESTION # 65
A company is implementing Dynamics 365 Supply Chain Management. Inventory is valued through FIFO costing.
The company is preparing for cutover and go-live activities. The accounting manager wants to ensure that on-hand inventory is brought into Dynamics 365 Supply Chain Management at the correct cost.
ItemA has the following costing tiers:
* Tier 1: 20 each, $5
* Tier 2: 20 each, $10
* Tier 3: 20 each, $15
You need to configure the item and journals to meet the cutover requirement.
What should you configure? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Box 1: item model group
Item model groups contain settings that determine how items are controlled and handled on item receipts and issues. They also determine how item consumption is calculated. Select FIFO for this procedure.
Note: FIFO with the Include physical value option
If the Include physical value checkbox is selected for an item on the Item model group page, the system uses both physical and financial receipt transactions to calculate the running average cost price. Where applicable, the system also adjusts the physically updated issue transaction. Inventory close that uses the FIFO inventory model makes settlements only to transactions that are financially updated. The illustration that follows shows these transactions:
1a. Inventory physical receipt for a quantity of 1 at a cost of USD 10.00 each.
1b. Inventory financial receipt for a quantity of 1 at a cost of USD 10.00 each.
2a. Inventory physical receipt for a quantity of 1 at a cost of USD 20.00 each.
2b. Inventory financial receipt for a quantity of 1 at a cost of USD 22.00 each Box 2: Counting by tier Counting journals let you correct the current on-hand inventory that is registered for items or groups of items, and then post the actual physical count, so that you can make the adjustments that are required to reconcile the differences. You can associate counting policies with counting groups to help group items that have various characteristics, so that those items can be included in a counting journal.
Reference:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/cost-management/fifo-physical-value-marking
https://docs.microsoft.com/en-us/dynamics365/supply-chain/inventory/inventory-journals
NEW QUESTION # 66
A company uses the nonconformance functionality in Dynamics 365 Supply Chain Management.
When a manufactured part fails a quality test, a quality clerk creates a nonconformance. You determine that additional items are needed to correct the issue.
You must record the additional items for the nonconformance.
What should you do?
- A. Approve the nonconformance and add the items to the quality order.
- B. Reject the nonconformance and add a related operation.
- C. Approve the nonconformance and add a related operation.
- D. Reject the nonconformance and add the items to the quality order.
Answer: C
Explanation:
Explanation
Add items to an operation
To add items to an operation, follow these steps.
1. Go to Inventory management > Periodic tasks > Quality management > Non conformances.
2. In the list, select the nonconformance that you want to update.
Note: You can add or update operations only for nonconformances that are approved.
3. On the Action Pane, select Related operations.
4. On the Related operations page, select the operation that you want to add items to.
5. On the Action Pane, select Items.
6. On the Related operations page, on the Action pane, select New to add a row to the grid. Then set the following fields for new row:
Item number - Select the product that will be consumed as part of the selected operation.
Quantity - Enter the number of items that will be consumed.
7. Repeat the previous step for each additional item that you must add.
8. Close the pages.
Reference:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/inventory/tasks/create-process-non-conformance
NEW QUESTION # 67
A company uses Dynamics 365 Supply Chain Management. The company plans to implement master planning.
You need to configure the master planning solution to perform master planning runs in the middle of each day instead of at the end of each day.
Which solution component should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Graphical user interface, text, application, email Description automatically generated
Reference:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/master-planning/planning-optimization/get-started
NEW QUESTION # 68
You need to configure the products for the requirements.
Which configuration should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
Box 1: Owner tracking dimensions
Requirements. White labeling
* Trey Research wants to start white labeling its products under the brands of major nutritional retail store brands. These products would only be sold to specific customers.
* Trey Research will provide and maintain a 'Compare to' price for customers to use to compare the white-labeled products. This Compare to price will also be the default item price for the customer if the customer accidentally lets a contract price expire.
* The configuration of these restrictions must be applied automatically when creating new products for those customers.
The tracking dimension is a lower-level assortment of products, irrespective of whether it is a serial number for electronic inventory items or a batch number.
Box 2: Released product
To change the Tracking Dimension Group for Products in Dynamics Operations, you need to change settings on both on the product level and the released product level. However, you need to delete the tracking dimension group at the product level prior to making changes to the corresponding released product.
Reference:
https://www.syvantis.com/blog/changing-the-tracking-dimension-group-for-a-product-in-dynamics-365-for-finan
NEW QUESTION # 69
You need to configure the system to meet the item testing requirements.
How should you configure the system? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/inventory/enable-quality-management
NEW QUESTION # 70
You are the sales manager at a distribution company.
You have a drop-ship order for a batch of chemicals that will go directly from your vendor to your customer.
You need to create and process this direct delivery within Dynamics 365 Finance and Operations.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
NEW QUESTION # 71
A primary vendor tells you that their purchase order (PO) items will be delivered seven days later than expected. You find another vendor that carries the product and can deliver it the next day.
You need the purchases from both vendors, but only one PO exists in the system.
You need to ensure that the system correctly reflects the inbound products from both vendors.
How should you complete the setup? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Answer:
Explanation:
Explanation
NEW QUESTION # 72
You need to configure the inventory reports.
Which configuration settings should you use? To answer, select the appropriate options in the answer area.
NOTE:Each correct selection is worth one point.
Answer:
Explanation:
Explanation
NEW QUESTION # 73
A frozen food distribution company is implementing Dynamics 365 Supply Chain Management.
The warehouse manager wants to ensure that after items are picked, a temperature check is performed and verified on the items before shipment to customers.
You need to configure the system.
Which components should you configure? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Box 1: Quality association
A quality association defines all the following information for a quality order that is generated:
The transaction event
The set of tests that must be performed on the items
The acceptable quality level (AQL)
The sampling plan
You must define a quality association for each variation in a business process that requires automatic generation of quality orders. For example, a quality order can be generated in the business processes for purchase orders, quarantine orders, sales orders, and production orders.
Box 2: Test variables
For every qualitative test that is defined on the Tests page, you must define a test variable and its possible outcomes (results). (For qualitative tests, the Type field on the Tests page is set to Option.) You use the Test variables page to set up, edit, and view the possible outcomes for a test variable that is associated with a qualitative test. For each outcome, you assign an outcome status of either Pass or Fail to indicate whether the test is passed or failed when that outcome is selected as a test result. You use the Test groups page to assign a test variable and a default outcome for it to an individual qualitative test.
For every test variable, we recommend that you define at least two outcomes: one that has an outcome status of Pass and one that has an outcome status of Fail. There is no limit on the total number of variables or outcomes that can be defined. Additionally, multiple tests can use the same test variables to record results.
Examples of test variables
Example
A manufacturing company performs two tests on manufactured materials. In one test, the pH level is associated with a color strip. Acceptable pH levels are in lighter colors, and unacceptable pH levels are in darker colors. In another test, multiple visual inspections are performed, and quality workers use their judgement to determine whether the item passes or fails the visual inspection.
Reference: https://learn.microsoft.com/en-us/dynamics365/supply-chain/inventory/quality-associations
https://learn.microsoft.com/en-us/dynamics365/supply-chain/inventory/quality-test-variables
NEW QUESTION # 74
Negotiations with the vendor are complete.
You need to set up the new price for tires.
What should you configure to meet the business requirements? To answer, select the appropriate options in the area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-agreements
NEW QUESTION # 75
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Through this certification exam, individuals will be tested on their ability to manage and optimize supply chain processes, including inventory management, purchasing, production, transportation management, and warehouse management. MB-330 exam will also assess one's knowledge in leveraging data analytics and business intelligence tools to improve supply chain performance and effectiveness. Successful completion of MB-330 exam demonstrates one's ability to implement end-to-end solutions in supply chain management using Microsoft Dynamics 365.
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