In the rapidly evolving digital era, businesses are realising outdated supply-chain technologies are not only hampering growth through excessive and burdensome administration, but also preventing them from creating a future-proof infrastructure and setting a foundation for long-term success.
There are no-less than eleven D365 features which can help your organisation’s ability to stay competitive on the market, from feature rich inventory management, single or multi-site warehouse management and AI driven demand forecasting.
In this webinar we’re going to look at 4 steps on how you can use Microsoft Dynamics 365 Business Central on how you can improve your businesses supply-chain.
When was the last time you had a review of what suppliers you work with? Is there a way that you can condense your list of suppliers so they’re easier to manage? Are there any suppliers you just buy one product from that could be supplied by someone else to cut down your list?
Review and re-structure your suppliers so there’s less of them to deal with.
Are there any products sitting on your shelves that have been there for months and months? Do you regularly review your fast movers and slow movers and adjust accordingly? If you were to use the pareto principle you may even find that 20% of your inventory is responsible for 80% of your revenue (but don’t hold us to that).
Less products doesn’t necessarily mean less revenue. Focus on the most important and you may find your cash flow improves.
Is there a way for you to track your purchase return process? You may find that, despite goods being delivered quickly, there’s a lot of goods sent back. This will cause delays and add unnecessary complexity into your operation.
Question every supplier, track the volume of returns and cut based on quality.
Are you managing expectation with your customers? Are you reserving goods for the customers that requested them first? By making sure you make your customers aware of likely lead times, and by ensuring that demand is dealt with sequentially, you’ll end up with happier customers and, all being well, a much smoother operation.
Don’t react straight away, focus on maintaining excellent levels of customer service and prioritise.
A lot of our clients find that the above are easy to achieve and much easier to monitor with the help of Microsoft Dynamics – Business Central.
In this video you’ll see how Quickstart for Supply Chain can be used to Supercharge your Supply Chain
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