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Inventory Management in Dynamics 365 Business Central
Get real-time visibility to make informed decisions to avoid overstocking or stockouts while optimizing production costs.
Inventory Management Challenges Faced by Companies
Traditional ways of managing inventory often do not work well and can be full of errors and time-consuming. This can cause problems in operations and lead to lost business opportunities. Common challenges companies deal with include manual data entry, limited visibility to inventory levels, struggling to track stock, poor stock management, and not having adequate automation.
- Manual Processes
Dependency on paper-based systems and manual data entry could cause errors and delays
- Lack of Visibility
Decision-making can be hampered by restricted access to stock levels, locations, and movements, therefore causing excess inventory or stockouts
- Inefficient Stock Management
Strategies for poor stock management could lead to lower profitability and more expenses
- Difficulty in Tracking
Tracking inventory with lot or serial numbers could be challenging and time-consuming
- Limited Automation
Not having enough automated tools makes it harder to simplify operations and make processes better
- Demand Forecasting Issues
Inaccurate product demand projections can lead to overstocking or missed sales opportunities
- Poor Supplier Management
Firms struggle to track delivery dates, lead times, and supplier performance. As a result, it delays shipments, disrupts supply chains, and makes inventory management difficult
Inefficient inventory management can cause operational inefficiencies, higher expenses, and missed growth possibilities.
Businesses can solve these difficulties with real-time insights, automation, and optimized operations with advanced solutions like Microsoft Dynamics 365 Business Central. Business Central lets organizations optimize stock levels, estimate demand, and decrease manual errors for better decision-making and operational efficiency. This boosts profits and improves supply chain efficiency.
Manage Your Inventory with Dynamics 365 Business Central
Eliminate manual errors and inefficiencies! Get real-time insights and automated processes to improve decision-making and drive growth!
Optimize Your Inventory Now!
Key Features of Inventory Management in Dynamics 365 Business Central
Dynamics 365 Business Central offers a wide range of features to help you streamline your inventory management processes, improve visibility, automate processes, and reduce errors. This helps you increase efficiency and boost business growth.
Real-time Inventory Visibility
Get clear, up-to-date inventory info, such as item counts, locations, and values. This helps to make better choices and run things more smoothly.
Advanced Stock Management
Use different stock methods like FIFO, LIFO, or average cost to keep accurate control and value of inventory, while avoiding overstocking and stockouts situations.
Cost Control
Use tools to track costs, manage budgets, analyze costs, and cut down on waste to keep profits up and finances in check.
Supplier Management
Ensure effective purchase order management, supplier performance tracking, vendor communication, and cost negotiation.
Lot & Serial Number Tracking
Maintain thorough traceability of individual items to ensure compliance and quality.
Demand Forecasting
Use predictive analytics to project future inventory needs to avert stockouts or surplus supply.
Warehouse Management
Reduce operating expenses by simplifying warehouse operations like receiving, picking, packing, and shipping to boost supply chain flow and decrease errors.
Receiving and Put-away
Improve safety, storage, and deliveries by effectively handling the incoming inventory. Store items in the assigned locations to reduce travel time.
Picking and Packing
Make sure orders are picked and packed correctly based on what customers need and what’s in stock, leading to better fulfillment.
Shipping and Invoicing
Build customer trust and loyalty! Create shipping documents and invoices to complete the sales cycle, ensuring smooth order handling and timely deliveries.
Inventory Adjustments
Reduce waste with inventory adjustments. Manage inventory adjustments, including write-offs, returns, or damages to control costs and keep stock levels right.
Benefits of Using Business Central for Inventory Management
Improved Inventory Accuracy
Accurately monitor inventory levels, whereabouts, and movements to boost operational efficiency, improve decision-making, and reduce the likelihood of mistakes. This leads to more effective inventory control and better company operations.
Optimized Stock Levels
Maintain optimal inventory levels to avoid stockouts and overstocking, hence maintaining resource efficiency. This reduces expenses, improves cash flow, and increases customer satisfaction by continuously meeting demand without exceeding it.
Cost-savings
Reduce waste and operational expenses by managing inventory levels, reducing surplus stock, and avoiding shortages. This results in more effective utilization of resources, increased cash flow, and overall higher profitability.
Enhanced Customer Satisfaction
Quickly meet customer demand by maintaining precise inventory levels, reducing delays and stockouts. This results in enhanced dependability, higher customer satisfaction, and encourages repeat business through regular and timely order fulfillment.
Increased Operational Efficiency
Optimize inventory procedures by automating repetitive tasks, decreasing manual labor, and increasing accuracy. This increases overall productivity, reduces errors, and allows personnel to focus on higher-value tasks, thereby improving operational performance.
Enhanced Decision-making
Real-time insights and powerful analytics can help you make informed inventory planning and management decisions. This improves forecasting, resource allocation, and overall efficiency, allowing for greater synchronization of supply and demand.
Improved Compliance
Maintaining precise inventory tracking and traceability helps to ensure compliance with industry regulations and standards. This lowers the risk of non-compliance, cuts potential penalties, and facilitates audits and reporting processes.
Transform Your Inventory Processes Now!
Experience efficient inventory management with Dynamics 365 Business Central. Empower your business to meet customer demands swiftly and effectively for sustainable growth.
Learn More Today!Why are Businesses choosing
Dynamics Square over others?
Other than trust, reliable services, and competitive pricing,
below are the few points that make us superior in Microsoft Dynamics 365 market.
Business-Centric Solutions
We personalize Business Central based on your unique business and its operations to match up with market needs and customer demands.
Microsoft Certified Consultants
As a Microsoft Dynamics Partner, we have 150+ Microsoft-certified Dynamics 365 consultants. We are available to help you resolve any issue and build growth strategies.
Sufficient Resources
Dynamics Square USA has sufficient resources and infrastructure to support growing businesses with Business Central Dynamics 365 support services.
On-site Support
Based on the complexity of a business issue or interruption, we do offer on-site support services for the utmost customer satisfaction at affordable prices.
