Skip to main content

Beat Inventory Challenges with NAV for Wholesale and Distribution

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


Popular posts from this blog

Why You Need Supply Chain Management Software For Your Business?

The success of your business links inextricably to the performance of your supply chain. Poor supply chain performance commonly contributes to corporate or business failure. An important aspect of Supply Chain Management is “Procurement”. Procurement is collection of disparate suppliers selected almost randomly on the basis of a perceived ability to deliver products at a price that appears right. However, in reality businesses pay little heed to organize their suppliers or implement coherent supply chain strategies. This eventually results in ·          Overhead costs associated with managing suppliers ·          Cost of resolving quality management issues ·          High inventory levels in case of under supply ·          Logistics costs ·          Lost sales from late deliveries ·          Supply chain inflexibility and long lead times So, an efficient Supply Chain Management is very crucial for the success of your company. With efficient supply chai

Adopt…….Simple…..Smart…….Innovative……MS Dynamics NAV Technology

  Everybody knows Microsoft products but MS Dynamics NAV is one of the most popular ERP System all over the world. Due to its simplicity, made up of with smart technique and enclosed with avant-garde ideas. But some of the organizations are not choosing or using the right Cloud Based ERP System. As per comparison of MS Dynamics NAV (Navision) with other Enterprise Resource Planning Software – comparatively MS Dynamics NAV is #1 web based (Software-as-a-Service) application.     Why We Should Not Go With Microsoft Nav Dynamics ? Today, the simplicity of ERP Software continues to beat at the heart of Dynamics NAV. Its state-of-the-art functionality covers everything which is essential for successful business growth.   MS Dynamics NAV offers rapid adaptability, easy to use, custom application and gives online business capabilities. With the help of ERP Software, employees become more effective and organizations will more competitive. It provides Role-Based Dashboard – als

Make The Most Of Your Resources With D365 For Field Service

Business organizations can be more proactive and proficient with Dynamics 365 for Field Services as it helps detect, diagnose, and solve critical business issues using predictive technology. Orchestrated as an integrated field service management software, it offers extensive capabilities of service agreements, work order management, preventative maintenance, customer assets, service locations, mobility, collaboration, customer billing, and analytics. Not only these capabilities ease the specific operations but assist in driving productivity, profitability, and substantial expansion to the organization as well.  T he following key functionalities help optimize the resources and steer maximum organizational benefits:  Maximized Scheduling  Professionals are given access to organize field service teams and equipment with agile scheduling options, which helps accommodate both customer service representative and dispatcher workflows efficiently. Also, it includes more