Dynamics ERP and CRM Continue Together

I didn’t write a blog for a while, but these few days I’m on eXtreme 365 conference and I decided to share some observation. For some time, since there is a Dynamics 365 product family, we created a closer collaboration between ERP and CRM products. Generally, it was mostly based on technology.

But now, I see the next steps. First, more and more ERP partners try to learn more about CRM and the same situation is with CRM partners and ERP knowledge. Now, I’m at eXtreme 365 conference that was originally CRM conference, but from this year this is not only CRM conference. We have a lot of sessions about D365 for Financials, D365 for Operations, Common Data Service, PowerApps, Flow… And as I see, there are some NAV partners (and MVP’s as well J). Also, I saw announcement for Directions this year and there is a same situation, this will not be only NAV event and we will have CRM sessions as well.

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This is very important, because all of use started with thinking that we need to continue with both products together. And this is a huge opportunity for partners. This is opportunity for upselling and if they know both products they will be better on a market.

And about a conference. Great conference and great opportunity for networking. This is the first time I’m on some big conference that was not originally NAV conference and this is the great opportunity to see some new people, sometimes with different attitude. I also met some friends from a NAV world here and I can say this is a great mixture. I’m expecting something similar on Directions as well.

OK, in some next posts I’ll write more about some news with these products, but for sure we can expect more and more news in this world in next few months.

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Microsoft Dynamics 365!

Today, Microsoft published story about Microsoft Dynamics 365 on Partner Source and on their blog. And in the same moment, they’ve also published Microsoft AppSource. What is this?

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Microsoft says that this represents the end-to-end intelligent business applications in the cloud and it will be worldwide available in the fall of this year. Generally Dynamics 365 will bring the best of Dynamics ERP and CRM solutions and currently it is based on Project “Madeira” (but not only; we can expect the enterprise edition of Dynamics 365 based on AX) and CRM Online, but not only on them. It will provide the main business processes as Finance, Sales, Customer Service, Field Service, Operations, Marketing and Project Service Automation.

And even more. This is not closed system. This system is natively integrated with big data and IoT, Power BI, Cortana Intelligence, Microsoft Flow,… everything what you need and when you need. Classic Software-As-A-Service story, but very advanced. I think I don’t need to spend my words about integration with Office 365; this integration will be extremely deep (you already saw just a part of this in my previous article about using “Madeira” with Outlook).

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And of course, if you want to know something more about it, the best is to attend on WPC during the July. Microsoft will provide three session about this new solution. You can also see more about it on Summit this year (Scott Guthrie will speak about it) and I hope on Directions.

You can expect more from me about this soon. But this is just small the first introduction about new solution in the family; remember this name – Microsoft Dynamics 365.

Project Madeira – Preview

Today, Microsoft has published the first public preview of “Project Madeira”. I’ve just installed and opened this version. This will be the first Microsoft ERP as SaaS. Microsoft continues with their vision “cloud-first-mobile-first”. We can use this software as App on WP, iOS and Android phones and tablets and as web application. When you look this on the first sight you can see, it look like as Microsoft Dynamics NAV and this is basically NAV, but only in the root.

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You will see, this system has only the basic features, something similar as Small Business Role Center in older NAV versions, but this is not the same. There are a lot very interesting things and this is only first impression about it, but it look awesome.

For example, you can see your items on three different ways (bricks, tiles or list) as you can see on this picture:

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This is only one nice features and I need to check more to give you a complete user experience. I’ll spend few next days with Madeira and you will find more about this product soon. I expected something new and awesome, but this is really something amazing. Currently I can just repeat Microsoft words: Microsoft is reinventing business productivity with Project “Madeira.”

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Introduction in Dynamics NAV Costing

In almost all NAV implementations, we need to configure and use costing (inventory, manufacturing, jobs…). This is one of the main functionalities in all ERP solutions as well as in NAV. Because of that I will prepare the series of costing articles with an overview of the principles used within the costing area.

In this first part, I will make a small introduction about costing methods. Microsoft Dynamics NAV supports the five following costing methods:

  • FIFO
  • LIFO
  • Average
  • Specific
  • Standard

Now, in the following part I will just describe these costing types.

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FIFO

The FIFO costing method means “First In First Out”. It first assigns the value of the increases with the earliest posting dates on inventory. COGS is calculated using the value of the first inventory acquisitions.

An item’s unit cost is the actual value of any receipt of the item, selected by this explained FIFO rule. In inventory valuation, it is assumed that the first items placed in inventory are sold first.

LIFO

The LIFO costing method means “Last In First Out”. It first assigns the value of the increases with the most recent posting dates on inventory. COGS is calculated using the value of the most recent inventory acquisitions.

An item’s unit cost is the actual value of any receipt of the item, selected by previous explained LIFO rule. In inventory valuation, it is assumed that the last items placed in inventory are sold first.

Average

The Average costing method calculates a weighted average of the remaining inventory on the last date of the average cost period in which the inventory decrease was posted. COGS is calculated using the average value of the inventory acquisitions.

An item’s unit cost is calculated as the average unit cost at each point in time after a purchase. For inventory valuation, it is assumes that all inventories are sold simultaneously.

Specific

The Specific costing method overrides assumption about how cost flows from inventory increase to inventory decrease with the accurate cost information, creating a fixed application between these entries.

An item’s unit cost is the exact cost at which the particular unit was received.

Standard

The Standard costing method works with predetermined costs (rather than actual cost) for all inventory increases and it affects the value of the inventory decreases.

An item’s unit cost is preset based on estimated. When the actual cost is realized later, the standard cost must be adjusted to the actual cost through variance values.

Conclusion

This was only small introduction about costing types as preparation for the more advance knowledge about using costing in Microsoft Dynamics NAV. In the following articles, I’ll describe more about facts when users need to use these costing methods as best practices. I’ll write about all details in posting results and posting rules as well.

MS SQL is a Global ODBMS Leader

A few days ago, I’ve wrote about place of Power BI in Gartner survey about BI & Analytics solutions. Power BI was a global leader on Gartner Magic Quadrant. Now, we have new Gartner story about Operational Database Management Systems. For the first time, MS SQL is an absolutely leader and on better position in comparison with Oracle database.

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The operational database management system (DBMS) market is concerned with relational and nonrelational database management products suitable for a broad range of enterprise-level transactional applications. These include purchased business applications, such as those for ERP, CRM, catalog management and security event management, and custom transactional systems built by organizations’ own development teams. Also included in Gartner’s definition of this market are DBMS products that support interactions and observations as new types of transaction. (from Gartner)

Microsoft deserves this position because they market its SQL Server DBMS for the operational DBMS market, as well as the Microsoft Azure SQL Database (a DBMS platform as a service), and the NoSQL DBMSs Microsoft Azure DocumentDB and Azure Tables.

It is very important that Microsoft continue with working on enterprise SQL Servers and on Azure SQL as well. And finally about NAV. Microsoft Dynamics NAV (from NAV 2016) works on both of these SQL versions and I think this cooperation between strong database and ERP solution will continue to deliver amazing business solutions.