While most businesses already knew all about the essential nature of the supply chain, the impact of the COVID-19 pandemic only reinforced the importance. That is why it is crucial to optimize the supply chain as much as possible. One easy way to do this is by employing Microsoft Dynamics 365 Supply Chain Management software.
Microsoft Dynamics 365 Supply Chain Management is an ERP for supply chain management that will help organizations optimize their supply chain operations. With this software, you will be able to track all orders, receive detailed metrics on unit numbers, pricing, delivery time, and much more!
Here is everything you need to know about Microsoft Dynamics 365 Supply Chain Management!
What is Microsoft Dynamics 365 Supply Chain Management?
Microsoft Dynamics 365 Supply Chain Management is a supply chain management ERP that helps modernize and optimize operations. It covers all the features that an organization will need.
With the software, organizations can freely track individual orders while simultaneously getting detailed information on the unit number, pricing, delivery time, and payment information. It allows you to build an intelligent supply chain that adapts easily to changing circumstances.
With Dynamics 365, you can predict any upcoming disruptions to the supply chain, lower any possible delays to supply, and improve your delivery system by automating inventory.
Dynamics 365 also boasts AI and IoT-enabled features that help streamline planning, production, inventory, and other operations. So not only will Dynamics 365 help optimize operational efficiency, but it will also improve product quality and the organization's profitability.
How Microsoft Dynamics 365 Supply Chain Management Can Help Your Logistics Company
There is no denying that logistics companies have a lot of work to do, and a disruption in the supply chain can significantly affect revenue. Software solutions such as Dynamics 365 can go a long way in preventing unwarranted disruptions.
Here are some of the most impressive ways the software can help your logistics company:
Automation
Automation can be tricky to design. However, once organizations understand how to use them, they will be able to drive automation throughout their manufacturing and warehouse operations. The automation capabilities will allow organizations to maximize their storage and improve manufacturing, but they will also help improve the service operations. In addition, it can help organizations significantly improve how they utilize the assets in their supply chain.
Machine Learning
As technology continues to improve, it is starting to do an even more effective job at helping optimize human operations. That is where Dynamics 365 Supply Chain Management software’s machine learning abilities come into play. As a result, they can help provide organizations with helpful advice and guidance on improving their inventory management.
The built-in machine learning can identify when the organization is overstocked and help avoid such situations. It can also help identify situations where the organization is understocked and risks failing to complete an order.
Machine learning is one of the most fascinating features that Dynamics 365 provides and will help organizations improve their supply chain management across the board.
Essential Insights
In these modern times, running an effective supply chain is incredibly challenging. However, through the predictive insights that Dynamics 365 provides, it can become much easier for organizations to identify when any potential disruptions may occur. By using these predictive insights, organizations can effectively ensure that their supply chain operates smoothly.
Features like these are essential for any organization heavily dependent on a long supply chain. Trucking companies and retailers, in particular, will benefit significantly through Dynamics 365s critical insights.
When an organization can ensure that its supply chain operates smoothly, it will, in turn, improve its customer satisfaction.
Asset Management
Anyone that works in a supply chain will understand how vital the machinery and equipment are towards an effective operation. Organizations can effectively improve their maintenance through Dynamics 365’s asset management add-in.
With effective maintenance, organizations will be able to minimize downtime. By minimizing their downtime, they will be able to improve customer satisfaction and take their operations to the next level.
Additionally, proper maintenance will also help improve the asset's lifespan. The longer a machine operates, the more cost savings the organization will experience. Proper maintenance can also help stem the impact of depreciation.
Planning Optimization
Through the use of the planning optimization add-in, organizations can effectively plan their supply chain operations in real-time. In addition, they will get access to real-time data regarding any fluctuations in demand and supply.
It is an add-in, so you will have to open up the software and download it from the add-ons section. By using the planning optimization section, organizations can also help optimize their inventory levels according to the changes in demand and supply.
Warehouse Management
A warehouse is integral to any logistics company, and Dynamic 365 can make warehouse management easy and hassle-free. The software gives you a lot of insight into the operations and inventory of your warehouse. You can use these insights to manage capacity, move shipments, and even improve administrative work around the warehouse.
The AI functions of the software also allow you to automate multiple processes around the warehouse. By doing so, you can optimize space in the warehouse and improve goods management. In addition, Dynamics 365 can help you with wave planning for future orders. The built-in wave templates can help you configure waves for picking, shipping, and production.
Last but not least, this Microsoft software can help you simplify daily tasks around your warehouse. Dynamics 365 can tailor-make task schedules using AI and machine learning according to employees and their roles around the warehouse. With tasks tailor-made to their abilities, employees are also more likely to be productive.
Cost Accounting
With Dynamics 365, you can make cost accounting for your logistics company much simpler than how it probably is. Keeping track of your organization’s costs is one of the most crucial things you need to do it. However, you are likely to make some errors when you do cost accounting manually.
With this software, you can define your budgets, set formulas for budget allocation, define cost allocation, and process all your costs too. However, that is not all. With automated cost accounting, you can also create procurement catalogs.
Productive Efficiency
Organizations can increase their manufacturing productivity and optimize resource allocation with Microsoft Dynamic 365. The software allows you to connect your machines and other tools to its tools, allowing you to assess all production details easily.
This also means you can analyze improvements and efficiency with the click of a few buttons. The software’s machine learning tools can also use productivity measures to predict potential problems.
Real-World Examples of Organizations Using Dynamics 365 Supply Chain Management
Organizations big and small worldwide employ the Dynamics 365 Supply Chain Management software. Here are a few examples of some organizations benefiting from using Dynamics 365!
Bel Fuse
Bel Fuse is an electronic circuits manufacturer which boasts plants in North America, Europe, and Asia. The company was initially relying on a highly customized ERP solution to manage its supply chain operations effectively.
However, Dynamics 365 helped combine data to make it much easier to manage all supply chain operations. It provides the organization with the ability to react to any changes in demand and supply quickly.
ChemTreat, Inc.
ChemTreat helps provide water treatment services to several industries in the United States. It is a company growing rapidly, so it employed Microsoft Dynamics 365 Supply Chain Management software to keep up with the rapid demands.
Thanks to the software, ChemTreat managed to improve its data storage and accessibility significantly. They also enhanced their inventory management, manufacturing, and distribution through better access to data and more useful insights.
The predictive abilities of the software make it much easier for the organization to identify any potential shortages in raw material. By getting ahead of their challenges, ChemTreat is in the best place to grow.
Khaadi
Khaadi Corporation, one of Pakistan’s largest fashion retailers, is steadily growing its international presence. However, with stores across the country shut because of lockdown measures, Khaadi was in dire need of streamlining its multiple delivery channels.
With all the stores shut, Khaadi rapidly adopted a single inventory system for its online business. The different stores would then serve as fulfillment points for the delivery drivers. In addition, Dynamics 365 helped the organization use company-wide data to gain better insights and bring significant improvements to their supply chain management software.
Get Microsoft Dynamics 365 Supply Chain Management For Your Organization
Implementing completely new software such as Microsoft Dynamics 365 may seem intimidating. It can be tricky to get the hang of it, but that is where we can help you. At Integratz, our team is dedicated to helping organizations implement new solutions to their IT problems.
We will simplify complex technology for you, making it easier for you to incorporate new software into your process. So, if you are looking to save time and money, schedule a meeting with us today.
References:
https://dynamics.microsoft.com/en-us/supply-chain-management/overview/
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