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Showing posts with the label Supply Chain Management System

How Microsoft Dynamics NAV Can Help In Supply Chain Management?

  1.    Scheduling Functions – Microsoft Dynamics NAV (now available as Microsoft Dynamics 365 Business Central) provides users with an interactive visual production plan to better deal with production orders and capacities and to quickly react to any unplanned incident on the shop floor. 2.     Purchase and Payables – With basic payables module, users can maintain vendor tables, post purchase transactions in journals, and manage payables. Using general journal entries, you can create Vendor ledger entries and can also manage multiple addresses for individual vendors. With Microsoft Dynamics NAV, users can set up, post and print purchase invoices and purchase credit memos, as well as calculate invoice discounts automatically. 3.     Inventory management – Items that you don’t want to keep in inventory software can be stored as non-stock items and can be converted into inventory items when necessary. By posting directly to item ledger entries, users can increase or decrease th

How Dynamics NAV Revives Supply Chain Management?

Dynamics NAV is inventively engineered to help small and mid-sized enterprises solve mission-critical issues with cloud-native capabilities and drive substantial business benefits. It is packed with a wide range of functionalities to streamline business operations across manufacturing, finance, accounting, wholesale distribution, retail, and supply chain as well. Particularly, businesses looking into the core supply chain management system can make the most of its extensive capabilities to revamp, improve, or scale key processes with Microsoft Dynamics NAV. ·          Cash Flow With Supply Chain Management offered by NAV, business organizations can optimize cash flow and witness high operational efficiency as well. Particularly, this robust solution helps administrators track payments, streamlines accounts-receivable operations, and integrates particular accounts-payable functions hassle-free. ·         Sales Businesses, particularly small and medium-sized

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