Some of the common challenges that wholesale industry want to address are
- · Elimination of Excess and dead stock
- · Balancing carrying cost against order fill rates
- · Streamlining Warehouse Operations
- · Reducing shrink and waste
- · Better communication within internal employees and customers
- · Accurate "real time" location of your inventory
An inadequate Wholesale Distribution System can waste too much of your time or cost too much on inventory or may result in lost customer. With demands of customers are ever-growing, as wholesaler you need to efficiently manage the proper flow of inventory. Furthermore, getting products from manufacturer toend-user is a complex process as multitude of variables change in real-time. So, you need to track all these variables in order to run your business properly. As the leading Wholesale Distribution ERP Software, Microsoft Dynamics NAV (now available as Microsoft Dynamics 365 Business Central) offers you unparalleled flexibility to meet your unique business challenges. NAV allows you to analyze every aspect of your business that is important to you, including costs, revenue, sales orders, warehousing, and shipping. Dynamics NAV offers robust inventory management with full integration to job cost, manufacturing, advanced warehousing, service, purchasing, and sales.
Key features of Microsoft Dynamics NAV
Inventory Management – With NAV, you can set up items available in your stock and can specify their units of measure, costing methods, inventory posting groups, unit cost and price and other properties. You can post transactions. The quantity and cost records of the posted transactions are stored in the inventory ledger.
Bin Management – You can assign items to bins which is the smallest unit in the warehouse logical structure. This helps in organizing your warehouse.
Item Budgets – You can make sales and purchase budgets on the customer, vendor, and item levels in terms of amounts and quantities. Sales budget can be used as input to decision makers in other operational areas, such as purchasing and logistics. Decision-makers gain information about future expected demand they can use for business discussions with the customers. You can also track the actual sales performance by means of calculating the variance.
Item Charges – You can manage item charges by including value of additional cost components such as freight or insurance into the unit cost or unit price of an item.
Item Cross References – You can precisely identify items which customer is ordering on the basis of item numbers other than your own.Cross-reference information from customers, vendors, and manufacturers, as well as generic numbers, universal product codes (UPCs), and European article numbers (EANs) that can be stored and easily accessed.
Item Substitutions – You can link items with similar characteristics so that if a customer is looking for some item which is not available, can order substitute items. This will avoid losing the sale.
Item Tracking – You can assign serial or lot numbers manually or automatically to items to Manage and track them. You can receive and ship multiple quantities with serial/lot numbers from a single order line entry.
Kitting/Assembly Management – 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 in the assembly-to-order processes.
Location Transfers – With NAV, you can easily track inventory as it is moved from one location to another.
Multiple Locations – NAV allows you to manage inventory across multiple locations including production plant, distribution centers, warehouses, show rooms, retail outlets and service cars.
Wrapping Up
Leveraging NAV for Wholesale & Distribution, you will get actionable insights that help you manage inventory and improve customer satisfaction. As the leading NAV implementation partner, we can evaluate your business needs against the feature set of the product and tailor it specifically to meet your needs.
Grab Extensive Dynamics Consulting By Sending An Email To info@navisionindia.in
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