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Free MB-700 Exam Braindumps (page: 19)

Page 18 of 77
PDF with 322 Questions

A third-party logistics company is implementing Dynamics 365 Finance and Dynamics 365 Supply Chain Management. The company values inventory using the first in, first out (FIFO) costing methoD.

Customer consignment inventory is held in the warehouse. The same inventory item number may also be owned by the company.

You need to define a solution for segregating customer-consigned inventory.

  1. Implement service type items.
  2. Implement inventory status.
  3. Implement vendor consignment inventory.
  4. Create a separate warehouse location
  5. Create a virtual site and warehouse.

Answer(s): C

Explanation:

Consignment inventory is inventory that’s owned by a vendor, but stored at your site. When you’re ready to consume or use the inventory, you take over the ownership of the inventory.

Vendor Consignment is new functionality in Dynamics 365 for Finance and Operations (D365 F&O) and is very useful for the manufacturing industries where many organizations use consignment inventory for production.

Vendor Consignment can also be used in Distribution, packaging industries, and Retail Industries where the vendor can showcase the new products in the market, introducing the existing product in market in the new sales channel.

In this scenario, the production item, which is being consigned, will be owned by the vendor and stored at the organization’s warehouse. The organization can take ownership if the items are ready to consume and then pay the vendor for the items consumeD. There will not be any financial impact until the ownership is changed to the organization.


Reference:

https://learn.microsoft.com/en-us/dynamics365/supply-chain/inventory/consignment
https://global.hitachi-solutions.com/blog/d365-vendor-consignment/



A company is upgrading its existing operational software to an enterprise resource planning (ERP) system and is evaluating Dynamics 365 Finance.

The company is setup with the following:

-One parent company based in the US and three fully owned subsidiaries that use US dollars (USD) for the accounting currency.
-Two partially owned subsidiaries that use Canadian dollars (CAD) for the accounting currency.
-Distribution facilities in both Canada and the US.
-Project managers travel to customer locations.
-Intercompany sales are transacted between the US subsidiaries.
-E-commerce business-to-business (B2B) sales.
-A call center that receives customer orders.

The company has the following requirements:

-Must provide an asset maintenance capability.
-Must provide a purchase requisition approval process.
-Must provide an invoice approval process.

You need to identify which functional component of Dynamics 365 Finance to implement.

Which functional component should you use?

  1. Site and warehouse setup
  2. Invoice approval workflow
  3. Purchase requisition workflow
  4. Call center sales

Answer(s): C

Explanation:

Correct:
* Purchase requisition workflow

Incorrect:
* Asset maintenance work orders
* Business-to-business e-commerce
* Call center sales
* Elimination
* Expense management
* Invoice approval workflow
* Site and warehouse setup


Reference:

https://learn.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-requisitions-overview



An oil and gas company is planning an implementation of Dynamics 365 Finance and Supply Chain Management.

Workers have inventory on their company trucks and drive out to customer sites to complete repairs. The workers need to manage inventory on their truck and also record the time spent with each customer. The company wants to fit to standard functionality as much as possible.

You need to recommend a solution.

What should you recommend?

  1. Microsoft Power App Canvas App
  2. Dynamics 365 Field Service
  3. Dynamics 365 Warehouse mobile app
  4. Third party ISV
  5. Dynamics 365 Expense management mobile app

Answer(s): B

Explanation:

The Dynamics 365 Field Service business application helps organizations deliver onsite service to customer locations. The application combines workflow automation, scheduling algorithms, and mobility to set up mobile workers for success when they're onsite with customers fixing issues.


Reference:

https://learn.microsoft.com/en-us/dynamics365/field-service/overview



HOTSPOT (Drag and Drop is not supported)
A company is implementing Dynamics 365 Finance.

The company is concerned that the encryption of data between the application server and the browser might be used to access the application.

You need to recommend what the company should do to increase the security of the data during transmission.

Which security components should you recommend the company use? To answer, select the appropriate options in the answer areA.

NOTE: Each correct selection is worth one point.

  1. See Explanation section for answer.

Answer(s): A

Explanation:



Box 1: Microsoft SQL Server Transparent Data Encryption
Configure the connection

Encryption in finance and operations apps

Note: Encryption at rest

Microsoft uses encryption technology to protect customer data while at rest in an environment's SQL Server database and Azure Storage.

All instances utilize *Microsoft SQL Server Transparent Data Encryption (TDE)* and Azure Storage encryption to perform real-time encryption of data when written to the disk at rest.

Finance and operations apps use server-side encryption using service-managed keys. All key management aspects such as key issuance, rotation, and backup are handled by Microsoft.


Box 2: Configuration Key
Add to the configuration in Dynamics 365 Finance

Customers have data privacy and compliance requirements to secure their data by encrypting their data at-rest. This secures the data from exposure in an event where a copy of the database is stolen. With data encryption at-rest, the stolen database data is protected from being restored to a different server without the encryption key.

All customer data stored in Power Platform is encrypted at-rest with strong Microsoft-managed encryption keys by default. Microsoft stores and manages the database encryption key for all your data so you don't have to. However, Power Platform provides this customer-managed encryption key (CMK) for your added data protection control where you can self-manage the database encryption key that is associated with your Microsoft Dataverse environment. This allows you to rotate or swap the encryption key on demand, and also allows you to prevent Microsoft's access to your customer data when you revoke the key access to our services at any time.

Note:
The manage keys feature in the Power Platform Administration Center gives administrators the ability to self-manage the database encryption keys that are associated with instances of Dynamics 365.

The key management feature takes the complexity out of encryption key management by using Azure Key Vault to securely store encryption keys. Azure Key Vault helps safeguard cryptographic keys and secrets used by cloud applications and services. The key management feature doesn't require that you have an Azure Key Vault subscription and for most situations there is no need to access encryption keys used for Dynamics 365 within the vault.


Reference:

https://learn.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/sysadmin/encryption
https://learn.microsoft.com/en-us/power-platform/admin/customer-managed-key






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