Microsoft MB-330 Online Practice Questions and Exam Preparation

Microsoft MB-330 Online Questions & Answers

• Question 41:

  A company is implementing Dynamics 365 Supply Chain Management. The company manages inventory by using a just-in-time

  A purchase order arrives for an item. The system must allow sales order shipments of the item to posted before the purchase order invoice is received.

  You must ensure that the item model group configuration allows for shipment of items.

  Which parameter should you enable?

  A. Location profile negative inventory
  B. Financial negative inventory
  C. Physical inventory
  D. include physical value
  E. Registration requirements
  B. Financial negative inventory

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  Explanation

  Financial negative inventory:

  If checked, the system will allow you to raise a Sales Order and directly Invoice while bypassing packing Slip only if the available physical quantity having status receipt as Received or Purchased. Means at least your available physical quantity should be physically posted.

  If unchecked, system will not allow you to do the invoice even if all the items in the order are physically updated that means cost price should be known for the quantity that is financially pulled from inventory.

  https://community.dynamics.com/ax/f/microsoft-dynamics-ax-forum/265813/physical-negative-inventory-and-financial-negative-inventory-on-item-model-group?pifragment-96834=1

• Question 42:

  DRAG DROP

  A company is implementing Dynamics 365 Supply Chain Management.

  The company requires that historical transactional data from the current system be used to determine future inventory needs. Transactions that fall outside of a standard deviation must be excluded.

  You need to configure the system to meet the requirements.

  What should you configure? To answer, drag the appropriate configurations to the correct requirements. Each configuration 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.

  Select and Place:

  

  

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  Box 1: Safety stock journal

  Safety stock indicates an additional quantity of an item that is held in inventory to help reduce the risk that the item will go out of stock. Safety stock is used as a buffer in case sales orders come in, but the supplier can't meet the customer's requested ship date.

  Safety stock indicates an additional quantity of an item that is held in inventory to help reduce the risk that the item will go out of stock. Safety stock is used as a buffer in case sales orders come in, but the supplier can't meet the customer's requested ship date.

  You can to use the safety stock journal to calculate minimum coverage proposals based on historical transactions and then update the item coverage with the proposals.

  Box 2: Demand forecasting

  Key features of demand forecasting

  Here are some of the main features of demand forecasting:

  Generate a statistical baseline forecast that is based on historical data.

  Use a dynamic set of forecast dimensions.

  Visualize demand trends, confidence intervals, and adjustments of the forecast.

  Authorize the adjusted forecast to be used in planning processes.

  Remove outliers.

  Create measurements of forecast accuracy.

• Question 43:

  You work for a distribution warehouse that makes use of a Dynamics 365 Supply Chain Management system.

  After taking in a sizable quantity of stock that has a limited shelf life, you are required to distribute the stock to retail outlets at the earliest opportunity.

  You plan to make use of Buyer's push.

  Which of the following is the option you should take?

  A. You should generate a sales order.
  B. You should generate transfer orders.
  C. You should generate service agreements.
  D. You should generate trade agreements.
  B. You should generate transfer orders.

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  Explanation

  https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/use-buyer-s-push-to-distribute-products

• Question 44:

  HOTSPOT

  A parent company owns two subsidiaries.

  Some of the products manufactured in one of the subsidiaries must be sold to the other subsidiary so they can be sold in retail stores.

  You need to configure the customer and products for intercompany setup.

  How should you configure the setup? To answer, select the appropriate options in the answer areas.

  NOTE: Each selection is worth one point.

  

  

• Question 45:

  You need to meet the requirements for CustomerD.

  Which two parameters should you configure? Each correct answer presents part of the solution.

  NOTE: Each correct selection is worth one point.

  A. Reservation hierarchy
  B. Sellable days
  C. FEFO date-controlled
  D. Wave templates
  E. FIFO with include physical value
  B. Sellable days
  C. FEFO date-controlled

• Question 46:

  A company uses Dynamics 365 Supply Chain Management.

  The finance department processes royalty claims using the accounts payable module.

  You need to pass the claims to the accounts payable group for payment.

  Which three events will occur? Each correct answer presents part of the solution.

  NOTE: Each correct selection is worth one point.

  A. A Royalty accrual journal posting reverses the previous interim postings for accrual and expense amounts.
  B. A credit is posted to the vendor's payable account.
  C. A vendor invoice for the royalty payment is set to draft.
  D. A new vendor invoice for the royalty is created and posted.
  E. A hold is put on the amounts held in the royalty fees account
  A. A Royalty accrual journal posting reverses the previous interim postings for accrual and expense amounts.
  B. A credit is posted to the vendor's payable account.
  D. A new vendor invoice for the royalty is created and posted.

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  Explanation

  References:

  https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/royalty-contract

• Question 47:

  A company uses Planning Optimization as a scheduled batch job every Friday. A buyer observes that there are unposted inventory cycle counts left over from a weekend physical inventory count.

  The buyer decides to cancel the Planning Optimization job, post the cycle counts, and run the job again.

  Where should the buyer cancel the job?

  A. Recurring integration scheduler (RIS)
  B. Batch group
  C. Feature management
  D. Job history
  E. Lifecycle Services (LCS)
  D. Job history

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  Explanation

  https://docs.microsoft.com/en-us/dynamics365/supply-chain/master-planning/planning-optimization/cancel-planning-job

• Question 48:

  HOTSPOT

  You need to configure a product attribute to indicate whether a product is a limited edition.

  Which configuration should you use for each attribute. To answer, select the appropriate option in the answer area.

  NOTE: Each correct selection is worth one point.

  

  

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  https://dynamics-tips.com/enable-product-attributes-d365-finance-and-operations/

• Question 49:

  DRAG DROP

  A cosmetics company uses Dynamics 365 Supply Chain Management. You configure a single legal entity.

  Items must be created for a new product line of lipsticks. The lipsticks will have similar characteristics and will be sold in two sizes: trial size and full size. The lipsticks will also have colors and product lines assigned to item numbers. Each lipstick must be assigned a unique item number.

  Historically, users manually entered items for new product lines and incorrectly and inconsistently set up the associated values.

  You need to define the setup for the items and configurations.

  What should you configure? To answer, drag the appropriate configurations to the correct requirements. Each configuration 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.

  Select and Place:

  

  

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  https://docs.microsoft.com/en-us/dynamics365/supply-chain/pim/product-information

• Question 50:

  You configure purchasing policies and oversee purchasing processes for a company.

  Users often submit requisitions with incorrect information. Users also select non-approved vendors or incorrect categories.

  You need to set up a procurement policy that limits which procurement categories and vendors can be selected.

  Which two policy rules should you configure? Each correct answer presents part of the solution.

  NOTE: Each correct selection is worth one point.

  A. Category access policy rule
  B. Purchase requisition control rule
  C. Catalog policy rule
  D. Category policy rule
  A. Category access policy rule
  D. Category policy rule

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  Explanation

  References:

  https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/purchase-policies