The past decade has brought extraordinary changes to the way we do business. The Internet has matured, mobile devices are part of everyday life, and cloud-based solutions have gone mainstream. New trends, enabled by these fundamental developments, are emerging that will further impact how businesses operate. This is great news for smaller business who weren’t able to compete with larger companies. Now distributors of all sizes can begin to take advantage of Software-as-a-service (SaaS). Because of its unparalleled flexibility and access to data, your business can begin to make better, informed decisions to run your business more competitively. With a tighter overlook and more precise system, you can easily manage order processing, inventory management, lead times, data analysis, reporting, and overall improving on your operations. By fully integrating Dynamics NAV and Dynamics GP with your company’s financials, reporting, and analytics, you will receive better business tools to gain greater control over financials, distribution, supply chain, and operations.
Dynamics GP works together with Office 365 to extend the value of your business solution with enhanced productivity, collaboration, mobility and business intelligence. Utilize functionalities such as document management and collaboration, Excel-based analysis, presence and instant messaging and many other features available in the Cloud. Dynamics GP and Office 365 allow businesses to easily connect with employees on the road, in the warehouse or in the office, all in real time using Office 365.
With a Dynamics NAV and Dynamics GP integration you can better manage control over your inventory, stock levels and cost. With better inventory control, distribution companies will have the ability to tack and update the true cost associated with an item, automate purchasing by generating a suggested purchase order, and manage commitments to build lasting vendor relationships with automated purchasing and approval processes. In addition, warehouse instruction documents are created for the pick and put-away process, which can be carried out for sales, purchases, transfers, returns, and production orders.
Every business today is a digital business. As the quantity of the electronic assets – from data to documents – of your company increase, so does the importance of functioning with ease of use. Instead of separate, complex systems that integrate information from all the functions and factors, by Utilizing Dynamics GP you will be able to set up multiple ship-to addresses, work with sales prices and sales line discounts connected with specific campaigns, promise accurate order shipment and delivery dates to customers based on an item’s current and future availability, set up, post, and print customer invoices and sales credit memo, manage sales quotes, blanket sales orders, and sales order processes, and manage multiple item purchase price discounts that you have negotiated with individual vendors.
By tracking product quantities in inventory, planned production times, product transfers and sales returns, Dynamics NAV provides distribution companies the ability to generate realistic timelines. In addition, Cloud based ERP solutions allows businesses to stay transparent with their customers by providing continuous communication such as; order verification, backorder notifications and expected delivery time, order has shipped and expected delivery time, and ordered is delayed and the reason. Allowing businesses to share valuable information and data with their customers while remaining transparent is vital in the distribution industry.
To keep up with today’s fast paced environment, managers need precise data that tells them exactly where sales stand. With Dynamics NAV and Dynamics GP, business can maintain tight and efficient control over their distribution channels. With general analytical capabilities such as document reporting, reconfigured Excel reports, built in report scheduling and data setup, businesses will be able to adapt their workflows and processes.
*If you’re interested in more content specific to the Distribution Industry, check back to 360 Visibility’s blog weekly for how-to capabilities guides on specific business tools and ERP benefits.