Product Information Management/Setup/Dimension and Variant Groups/Tracking Dimension Create as many dimension groups with as many combinations as you need. You must enable this dimension in the group for the products that will potentially be used in a consignment scenario.

The basis of the whole solution is a new tracking dimension called ‘Owner’. Now that I have you all excited, let’s jump into Dynamics 365 Finance and Operations and see what is available for inbound consignment inventory! However, with the functionality it is fully capable and easy to implement for anyone. However, if your business is wholesale or retail, do not stop reading just yet! All this previous statement means is that there is more automation available during the handling of vendor owned materials at your location, if the material in question is a raw material and it is to be consumed into manufacturing. This new functionality is geared towards inbound consignment and is really aimed at raw material consignment in a manufacturing environment.

It is part of this requirement that your fully integrated ERP system would support this – and now it does. With supply chain becoming more lean, it can be considered a basic requirement to have access to materials when you need them, without tying up your financials, by acquiring them well in advance.

One of the gaping holes that has been painfully present in previous versions of the Dynamics 365 system on the supply chain management side is the ability to account for inventory that your company did not own.

Dynamics ax cost