Practice for 1z0-1073-24 Inventory 2024 Certification V2

Implementing Enterprise Structures

• Design fundamental structures for an enterprise

• Explain legal entities and their role within the system

• Set up an inventory organization

• Model managerial and functional structures of an enterprise

• Describe item and cost organizations

Creating Inventory Transactions

• Create sub inventory transfer and miscellaneous transactions

• Create an interorganizational transaction

• Summarize movement requests

• Create transfer orders

• Create receipts

• Explain the relationship between discrete manufacturing and inventory transactions

• Execute picking

Setting up Advanced Inventory Transactions

• Set up material status control

• Create lot and/or serial controlled transactions

• Review inventory balances and item availability

• Outline inventory reservations

• Create project-specific inventory transactions

Understanding Consigned Inventory from a Supplier

• Illustrate the consignment process

• Create consumption advice

• Explain ownership transfers and return from a consignment perspective

Executing Back-to-Back Process

• Apply the back-to-back process flow

• Manage exceptions in the back-to-back process flow

Maintaining Inventory Replenishment

• Run min-max plan

• Set up min-max planning

• Outline PAR location management

Configuring Inventory Counts

• Generate cycle count

• Configure physical inventory

Implementing Supply Chain Orchestration

• Illustrate the capabilities of Supply Chain Orchestration

• Analyze and manage business flows and exceptions within Supply Chain Orchestration

Integrating with External Systems

• Integrate inventory with external systems using ADFDi and FBDI

• Integrate inventory transactions, balances, receipts, and shipments

Setting up Costing and Inventory

• Set up common inventory configurations

• Describe managerial accounting and cost accounting basics