Technology in today’s world is quite surprising in the wonder it can do for business. As almost every business has to deal with a supply chain, the major concern of most business executives is managing the efficiency of the process. Moreover, using ERP may not be enough, and you will need the right ERP system, such as Microsoft Dynamics 365. It empowers business flow and streamlines the workflow. With this blog, we can help you understand the benefits of D365 for Supply Chain Management and how a lack of proper software can bring troubles on your way.

But before we explore it all, let’s learn what the Dynamics 365 Supply chain is.

What is Microsoft Dynamics 365 supply chain management?

Why Supply Chain Management is important?

Many supply chain disruptions are affecting businesses of all sizes and types. Whatever your company strategies are, challenges will arise when things happen in the real world. Playing smart and ditching traditional supply chain management strategies is critical in the face of the world’s catastrophic supply chain mismanagement concerns.

Also, 70% of businesses believe that supply chains are critical to improving the overall customer experience. Most firms rely on their supply chain to be completely streamlined, and Dynamics 365 for warehousing efficiency, along with smooth inventory, has proven to be one. 

The Main Features & Benefits of D365 Catering to the Troubles of the Supply Chain

There are a lot of businesses that can suffer due to the lack of proper supply chain management. To overcome all those challenges, here are the features of Microsoft Dynamics 365 Supply chain management.

• Procurement Capability

SCM provides strong procurement, purchase, and contract management capability, allowing you to manage the whole purchase lifecycle within a single application, from obtaining quotations and awarding contracts to maintaining those contracts and executing orders. 

In addition, as suppliers can manage their accounts and validate, edit, and invoice purchase orders directly within your system, the out-of-the-box supplier collaboration workspace helps improve supplier relationships.

• Manufacturing

Manufacturers use Dynamics 365 to improve manufacturing processes, automate workflows, and meet demanding quality control standards. This not only ensures that high-quality products are delivered, but also enables enterprises to compete effectively in the global market by lowering production costs and boosting supply chain efficiency.

SCM is fully connected with financial ledgers and supports actual and standard costing principles. This allows for real-time cost and variance analysis, making it easier to manage variations, define your true manufacturing costs, and find possible areas for improvement.

• Predictive Analytics

Analytics may assist you in understanding your sales and marketing success, predicting consumer behavior and interactions, and setting and tracking KPIs (key performance indicators). 

The data model feature in Dynamics 365 allows you to construct a data model that allows you to exchange data across the organization. This facilitates data sharing between the sales and marketing teams.

Companies can build CRM solutions using analytics for sales and marketing functionality. The forecasting feature allows you to anticipate revenue, expenses, and revenue growth, as well as analyze your risk exposure and cash flow. These factors assist you in optimizing your decisions. 

You can use the reports tool to build reports to analyze sales data, track leads and contacts, produce POs, and evaluate marketing performance.

• Asset Management

The advanced asset management module offers operational excellence with Dynamics 365 SCM. It is specifically developed to assist you in managing and maintaining your organization’s business assets.

It enables you to track and manage asset locations and usage, schedule preventative maintenance work to reduce machine downtime, track and fault reports on corrective maintenance, manage your resources in a scheduling board, and much more.  

Asset management is also fully lined with Microsoft’s broader finance solution, providing fixed asset management, billing, and financial analysis as needed.  

• Improve the User Experience with Efficient Warehouse 

Dynamics 365 inventory optimization benefits go far and beyond. From the user’s perspective, the transition to warehouse-specific inventory transactions is straightforward. Users of the Warehouse Management System will notice a new form for viewing transactions that display transactions linked to both the sales order and the warehouse work created for that order. In the meanwhile, the regular inventory transaction form will just show the source transaction for the given warehouse task.

Why Dynamics 365 Supply Chain Management? 

D365 for Supply Chain Management serves the whole product lifecycle. It ensures effective production operations by facilitating precise product delivery, using AI for demand forecasting, streamlining procurement, and automating inventory management. Along with the tool’s extensive capabilities, SCM provides an excellent platform for maximizing the benefits of artificial intelligence (AI), mixed reality, and the Internet of Things (IoT).

Customers, according to experts, are merging D365 SCM with Microsoft’s core investment areas of IOT and AI. Why? It’s because it’s simple to understand how a software solution can greatly improve a company’s supply chain efficiency and agility, whether it’s enhancing resource productivity and uptime with real-time data insights for Supply Chain from IOT or maintaining optimal inventory with AI and predictive analytics. Moreover, the visibility becomes more clear.

What are the Next Steps? Reach Out to KAISPE

When it comes to managing your ever-expanding supply chain, logistics, and manufacturing and distribution operations, Dynamics 365 Supply Chain Solution may be the ideal investment. It is not only for current challenges but also for future endeavors. So, give your business a chance to enhance Logistics Efficiency with Dynamics 365.

If you want your supply chain to function as you envisioned, D365 for Supply Chain Management can be a highly productive solution for your company to support current market adoption and globally extend your business capabilities with seamlessness, dependability, and agility. 

Besides, if you are looking for a partner to assist you in implementing the Supply chain management system, KAISPE has the experienced professionals to be at your service. We have been here for years, serving one business after another. If you need help with yours, let us we the consultants for you.