Microsoft Dynamics 365 Supply Chain Management Functional Consultant (MB-330) Free Practice Test
Question 1
A company uses Dynamics 365 Supply Chain Management. The company has two sites at ports of entry, one in Atlanta and one in San Francisco.
Due to supply chain constraints and cost fluctuations, the company must change from one standard cost for all products to two standard cost structures, one for Atlanta and one for San Francisco. A costing manager for each site will manage and approve the costing. The historical costs must be retained for analytical purposes.
Costs are revised annually.
You need to configure the system.
What should you configure? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Due to supply chain constraints and cost fluctuations, the company must change from one standard cost for all products to two standard cost structures, one for Atlanta and one for San Francisco. A costing manager for each site will manage and approve the costing. The historical costs must be retained for analytical purposes.
Costs are revised annually.
You need to configure the system.
What should you configure? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Correct Answer:
Explanation:
Box 1: Create a new costing version.
As we need two standard cost structures, we need two cost versions.
Note: A costing version can support a standard cost inventory model for items, where the costing version contains a set of standard cost records about items and manufacturing processes.
Box 2: Enable the Blocked flag.
The manager could use the Costing version setup page to change the blocking flag to allow activation of the pending cost records in the second costing version.
Box 3: Activate the fallback principle
Update standard costs for a new manufactured item (see last line below).
The following guidelines assume that you use a two-version approach to update standard costs. In this approach, one costing version contains the standard costs that were originally defined for the frozen period, and the second costing version contains the incremental updates that pertain to the new manufactured items.
The incremental updates are entered as cost records in the second costing version, and eventually they are enabled. The two-version approach requires that you define a second costing version. Here are the guidelines for defining this costing version:
Assign a costing type of Standard cost.
Assign a significant identifier that indicates the contents of the costing version, such as 2016-UPDATES.
In the Allow price types field group, make sure that Cost price is set to Yes.
Allow cost records to be entered for all sites (that is, leave the Site field blank). If you enter a site, cost records can be entered only for that site.
Use a fallback principle of Active.
Reference: https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/about-costing-versions
https://docs.microsoft.com/en-us/dynamics365/supply-chain/cost-management/update-standard-costs-new-manufactured-item
https://docs.microsoft.com/en-us/dynamics365/supply-chain/cost-management/update-standard-costs-new-manufactured-item
Question 2
You need to set up testing for brakes to meet the operations requirements.
Which two actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
Which two actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
Correct Answer: A,C
Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).
Question 3
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 is implementing inventory management in Dynamics 365 Supply Chain Management.
The company needs to block inventory and ensure that physical inventory will not be reserved by other outbound transactions.
You need to select the appropriate option to block the inventory in the system.
Solution: Manually create a transaction on the inventory blocking page.
Does the solution meet the goal?
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 is implementing inventory management in Dynamics 365 Supply Chain Management.
The company needs to block inventory and ensure that physical inventory will not be reserved by other outbound transactions.
You need to select the appropriate option to block the inventory in the system.
Solution: Manually create a transaction on the inventory blocking page.
Does the solution meet the goal?
Correct Answer: B
Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).
Question 4
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?
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?
Correct Answer: C
Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).
Question 5
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
$3.00 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 trade agreement journal of type Price (purch.).
Add a line for item C0001 for the vendor.
Enter a unit price of $3,00 for a quantity up to 5,000 and enter an expiration date for next year.
Does the solution meet the goal?
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
$3.00 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 trade agreement journal of type Price (purch.).
Add a line for item C0001 for the vendor.
Enter a unit price of $3,00 for a quantity up to 5,000 and enter an expiration date for next year.
Does the solution meet the goal?
Correct Answer: A
Question 6
A company uses Dynamics 365 for Finance and Operations.
You need to perform month-end close processes.
At which process steps should you perform the actions? To answer, drag the appropriate process steps to the appropriate actions. Each process step 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.
You need to perform month-end close processes.
At which process steps should you perform the actions? To answer, drag the appropriate process steps to the appropriate actions. Each process step 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.
Correct Answer:
Explanation:
Question 7
A company is configuring the landed cost functionality in Dynamics 365 Supply Chain Management.
The company requires configuration of a cost type code for several landed cost requirements.
You need to identify which cost type code account concept to use for each requirement.
Which cost type code account concepts should you use? To answer, move the appropriate account concepts to
The company requires configuration of a cost type code for several landed cost requirements.
You need to identify which cost type code account concept to use for each requirement.
Which cost type code account concepts should you use? To answer, move the appropriate account concepts to
Correct Answer:
Explanation:
Question 8
An e-commerce retail company is implementing Dynamics 365 Supply Chain Management.
The company often has scenarios where additional freight charges are incurred due to weight discrepancies and fuel surcharges but doesn ' t always want to review minimal variations to expected charges. The company wants to utilize the capabilities of the system for reconciling freight charges.
You need to configure the system to accommodate for the freight charge discrepancies.
What should you configure?
The company often has scenarios where additional freight charges are incurred due to weight discrepancies and fuel surcharges but doesn ' t always want to review minimal variations to expected charges. The company wants to utilize the capabilities of the system for reconciling freight charges.
You need to configure the system to accommodate for the freight charge discrepancies.
What should you configure?
Correct Answer: A
Question 9
A company is implementing Dynamics 365 Supply Chain Management. The company uses subcontracted services on its bills of material (BOMs).
You must set up and release a subcontractor item so that it can be included on the BOM and subcontractor charges are included in the BOM calculation. Because the subcontractor is a step included in a BOM but not a tangible item, inventory for the item must not be tracked in the warehouse.
You need to set up the subcontractor item and release the item to the company.
What should you configure? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
You must set up and release a subcontractor item so that it can be included on the BOM and subcontractor charges are included in the BOM calculation. Because the subcontractor is a step included in a BOM but not a tangible item, inventory for the item must not be tracked in the warehouse.
You need to set up the subcontractor item and release the item to the company.
What should you configure? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Correct Answer:
Explanation:
Box 1: BOM line
You must set up and release a subcontractor item so that it can be included on the BOM and subcontractor charges are included in the BOM calculation.
To be considered in planning and cost calculation, the service must be added to the BOM. The BOM line must be of the Vendor type, and it must be allocated to the route operation that the service is allocated to. This route operation must have a costing resource and resource requirement that point to a resource of the Vendor type that connects the operation and the related service to the corresponding vendor account.
Box 2: Clear stocked product
Because the subcontractor is a step included in a BOM but not a tangible item, inventory for the item must not be tracked in the warehouse.
Subcontracting of route operations
To use subcontracting of route operations for production or batch orders, the service product that is used for the procurement of the service must be defined as a product of the Service type. Additionally, it must have an item model group that has the Stocked product option under Inventory policy set to Yes. This option defines whether a product is accounted as inventory on product receipt (Stocked product = Yes), or whether the product is expensed on a profit and loss account (Stocked product = No). Although this behavior might seem contradictory, it ' s based on the fact that only products that have this policy will create inventory transactions that can be used in cost control to calculate planned cost and determine the actual cost when a production order is ended.
Reference: https://learn.microsoft.com/en-us/dynamics365/supply-chain/production-control/manage- subcontract-work-production
Question 10
During a company's busy season, the sales team experiences multiple backorders.
The company wants to use forecasting to determine seasonal buying trends.
You need to define the setup and data set required for forecasting.
Which four 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.
The company wants to use forecasting to determine seasonal buying trends.
You need to define the setup and data set required for forecasting.
Which four 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.
Correct Answer:
Explanation:
Question 11
A manufacturing company uses Planning Optimization. Manned production orders are created, modified, and approved by the planner but are not yet firmed.
What is the effect on the planned production orders when you enable the Planning Optimization feature?
What is the effect on the planned production orders when you enable the Planning Optimization feature?
Correct Answer: B
Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).
Question 12
You need to configure the system to meet the inventory team cost control requirement.
Which processes should you run? To answer, drag the appropriate processes to the correct requirements. Each process 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.
Which processes should you run? To answer, drag the appropriate processes to the correct requirements. Each process 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.
Correct Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/cost-management/inventory-close
Topic 1, Wide World Importers
This is a case study, Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided.
To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study.
At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section.
To start the case study
To display the first question in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements, if the case study has an All Information tab. note that the information displayed is identical to the information displayed on the subsequent tabs. When you ate ready to answer a question, click the Question button to return to the question.
Background
Wide World importers is a distribution company whose primary customers are small boutique shape which sell globally-sourced products including unique or hand-crafted items such as performs and ceramicware.
Through the Wide World Importers sales cycles, the commissions-based sales team identifies opportunities and negotiates with shops by using a quoting process. The products may or may not already exist in the company ' s current product list.
The company has the following divisions and areas of responsibility:
Current environment
Wide World Importers use Dynamics 365 Finance and Dynamics 365 Supply Chain Management There is a single legal entity.
The primary distribution center for the company is located Las Vegas. Nevada, USA There is an additional warehouse in California which receives imported goods from container ships. When goods are received in California, the goods are transferred to Nevada for distribution. No orders are shipped directly from California.
Sales
The company has two teams of sale representatives East and West. Each team has one representative for each of the following categories of goods; perfumes, ceramicware ano ail other goods. Sales representatives are paid commissions based on sales Commissions must be paid based on the home office location for customers.
For example, commission for a customer that is headquartered in the Western United States is paid to the West group of sales representatives.
Sales representatives are responsible for driving new business. Company executives must be able to see metrics define the companies that the sales representatives are targeting, where there is potential to do business, and where quotes are being generated. Customer records must not be created until a sale is confirmed.
The sales team quoted a new perfume for a customer named Customer1. The customer has shipping locations in the following regions. United States, Austria. and Japan. Sales must only be made to the US and Japan due to product ingredients. Automated checks must be put into place so that users do not have to remember to select the correct item.
Testing
The company periodically performs testing on ceramicware as it is received to determine whether the products contain lead The company labels and markets ceramicware as Lead Free or Not for food use Perfumes may contain restricted ingredients that cannot be sold to customers in the European Union. The company performs testing on perfumes and has processes to ensure that perfumes containing restricted ingredients are not sold to customers in Europe.
Ten percent of all ceramiavare items received must be tested for lead. The process for managing testing must be automated. There must be tolerances setup that define the acceptable amount of lead levels in a product.
Inventory management
The inventory team must control costing of items by using FIFO principles. The finance team must be able to see updated FIFO adjustments throughout the month but win only settle FIFO for month-end reporting Inventory close must lie run at the end of each month. A report must be provided to the finance team that includes the physical quantities and inventory value for items, with totals at the bottom. The warehouse team needs a similar report but does not want the inventory value included. During inventory close, some items cannot be fully costed because the issue cannot be settled against the receipt. The finance team must know which items were excluded.
Other inventory requirements
* Inventory must be reserved against physical inventory.
* Items must be grouped so that the inventory costing can posted to the ledger by using the following groups:
perfumes, ceramicware. other goods. All goods are FIFO. Financial reports must be grouped by these three categories, even the transactions from all categories posts to the same ledger accounts.
* Wide World Importers plans to import a specific type of pottery from a local company in Mexico that handmakes the goods. The pottery must be available in orange of red colors. The cost is the same regardless of the color selection.
* A new line of perfumes is being introduced. The procurement team must be able to identify which perfumes are men s or women ' s fragrances, and must be able to further categorize perfumes as Perfume. Eau de Perfume, Eau de Toilette. Eau de Cologne, or Eau Fraiche.
* You must set up a structure of products for classifying each item for purchase, sales and reporting analysis Issue Customer service representatives report that some inventory shows as ordered reserved when the ordered reserved parameter is turned off.
An item that is typically carried is out of stock. A stock. A customer named Customer2 wants to place a special rush order for the item. This will result in a significantly increased cost from the supplier. The finance team does not want to have this special order affected the FIFO tiers.
Question 13
A company is configuring Dynamics 365 Supply Chain Management for its transportation management requirements.
When the company ships a container through a specific route, specific equipment with minimum and maximum weights must be used.
You need to configure the equipment and limits.
What should you configure?
When the company ships a container through a specific route, specific equipment with minimum and maximum weights must be used.
You need to configure the equipment and limits.
What should you configure?
Correct Answer: A