Inventory

I have this client who operates in very specific conditions: majority of their vendors are foreign companies which invoice them in a foreign currency (USD) and almost invariably ask for at least 50% prepayment. NAV can handle prepayments and foreign currencies like a charm—the issue lies elsewhere: the fluctuations of currency exchange rate can easily cause real and tangible losses.

I’ve just got a call for help from a partner, about their customer who has decided to move from basic inventory management to full-scale warehouse management system. The question was how to post the opening balances for existing inventory quantities in flat locations to warehouse-managed ones.

A blog reader has asked me for help about an allegedly strange behavior of items with serial number tracking. They had a customer who had serial number tracking switched on for an item with FIFO costing method. Whenever they posted a sales transaction, they chose the serial number manually.

It’s a well known fact that IT projects fail every so often. Standish Group has been researching the success and failure factors of IT projects for a decade and a half, and they publish their results in their CHAOS report every two years or so.

Sorry for this series of totally irrelevant posts, by now you must be thinking that I am either out of ideas, or totally uninterested about the future of this blog. Neither is true, I am actually spending practically all of my time preparing for ten hours of content I have to deliver at a conference next week, and about which I hope I will post a blog in its own right.

About six months ago, when I was buying a car, a friend of mine, in a typical The Good, the Bad and the Ugly fashion, told me that there were two kinds of cars: good cars, and French cars. I bought a French car.

They say the only constant is change. I’d say that the only other constant is error. We humans tend to err. Give a repeatable task to a human, and they’ll mess it up every once in a while. Some call it the human factor . One of the many repeatable tasks in Microsoft Dynamics NAV is setting up items.

I’ve stumbled recently upon a support request, where a partner asked if there was a possibility to register purchases of services in Microsoft Dynamics NAV. When it comes to selling services, such as consulting, or repairs, NAV is your true friend, because you can use Resources to register sales against them.