Wholesale businesses can leverage the core
capabilities of an inventively orchestrated software suite to overcome key
impediments and scale with greater efficiency than before. Particularly,
maintaining a huge inventory with efficiency is a hard nut to crack. In such a
case, Microsoft Dynamics NAV Wholesale Distribution is the ultimate solution to
gain a competitive edge and drive higher profitability.
Administrators can go through the following
capabilities NAV offers to combat inventory challenges and optimize inventory
operations.
Inventory
Management
You can set up items or products that you
carry in your stock and specify their units of measure, costing methods,
inventory posting groups, unit cost, and price, and other properties.
These may include:
·
Post item transactions—sales, purchase, negative and positive adjustments
from item journals.
·
Quantity and cost records of the posted transactions.
Particularly, it forms the basis for inventory valuation and other costing
calculations.
Moreover, it is integrated with General
Ledger. Also, it is unified with the posting processes in Sales and Receivables
and Purchase and Payables for the proper configuration of all other Inventory
granules.
Bin
Management
Administrators in the wholesale
distribution business can organize their warehouse by assigning items to bins.
One can perform this bin assignment as the item journals or directly on the
document lines.
Item
Budgets and Charges
An extensively engineered Wholesale Distribution ERP Software enables businesses
to make sales and purchase budgets on the customer, vendor, and item levels,
and in both amounts and quantities. Here, one can prepare and record a sales
budget to serve as input. This can help decision-makers in other operational
areas, such as purchasing and logistics. Moreover, decision-makers gain
insights about future expected demand, which they can include in business
discussions with the customers. Once the budgets are prepared, one can track
the actual sales performance by calculating the variance.
Additionally, administrators can manage
items or products charges by including the value of additional cost components
such as freight or insurance into the unit cost or unit price of an item.
Product
Tracking
With this inventive capability, you can manage
and track serial and lot numbers. Leveraging NAV for Wholesale operations
enables you to assign serial or lot numbers both manually or automatically.
With this, you can receive and ship multiple quantities with serial or lot
numbers from a single order line entry.
Assembly
Management
With the deployment of Microsoft Dynamics
NAV Wholesale Distribution, you can avail of this capability to specify a list
of sellable items, including raw materials, sub-assemblies, or resources as
Assembly Bill of Materials. These assemblies comprise a finished item or a kit.
You can use assembly orders to replenish assembly items to stock or capture the
customer’s special requirements to the kit’s bill of materials directly from
the sales quote, blanket, and order line.
Location
Management
One of the most extensive features of this
intuitive software suite is its location management. Here, you can track
inventory as it moves from one location to another. Next, you can account for
the value of inventory in transit and at various locations as well.
Furthermore, it allows businesses to manage
inventory in multiple locations that can be a production plant, distribution
centers, warehouses, showrooms, retail outlets, and service cars.
Stock-Keeping
Units
Administrators can manage stock-keeping
units for identical items with the same item number that can be stored in
different locations and managed individually at each location. Also, this
software suite allows them to add cost prices, replenishment, and production
information, based on the location.
On a final note, an acclaimed NAV service provider partner can let
businesses gain unmatched success, drive higher efficiency, and retain greater
productivity in the long run.
Optimize Inventory In Wholesale Business
By Sending An Email To info@navisionindia.in
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