Microsoft Dynamics NAV serves as a common platform for integration of manufacturing, supply chain management, sales, marketing, service management, financial management, Human Resources and project management information — in other words, an inclusive and full-fledged ERP (Enterprise Resource Planning) software solution for your business. Formerly known as Microsoft Business Solutions — Navision, today, it is an complete business management solution replete with all features required to run small and medium size business concerns all across the globe.
Advantages of Microsoft Dynamics NAV
Microsoft Dynamics NAV aids your business into being more competitive, boosts production, and increases business performance with technical improvisations which augment collaboration and organizational dexterity.
Let us review the advantages of Microsoft Dynamics NAV:
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1. |
Business Intelligence |
Suits our customized business needs, bringing to the fore efficiency, fast implementation and innovation adding online business functionalities. |
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Manufacturing |
Manages production, enables proper customer service, commercial decisions about inventories and workload, thereby surging our business into the path of profitability. |
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Financial Management |
Helps in managing budgets, creating reports, relationships and management of financial procedures across myriad exchange and business concerns. |
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Sales and Marketing |
Facilitates in managing opportunities and clients, thereby promoting loyalty. It also assists in monitoring projects. Taking informed decisions and planning for future becomes feasible from office or from home, due to cloud and on-premises set ups. |
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Supply-Chain Management |
Makes it possible to tap and manage novel market prospects, increase profits, upgrade inventory management, process customer orders rapidly, with prompt redressal of customer service requests. |
Purpose of Inventory Tracking in Microsoft Dynamics NAV
For a successful business, proper inventory management is an imperative factor. Some of the important reasons are enumerated below:
• Reduces costs on purchase and inventory and also of time-to-market.
• Visibility access into inventory processes.
• Operational efficiency with most up-to-the-minute updates and availability status.
• Maintaining and sustaining customer requirements becomes easy.
• Physical Inventory Journals help in identifying inventory inconsistencies and also modify and improve them.
• Accurate and truthful promises pertaining to delivery.
Improving Inventory Tracking in Microsoft Dynamics NAV
ADCS (Automated Data Collection Systems) make warehouse management well-organized with automated process supervision. Inventory costs are presented to you according to your choice also including reports on materials and overhead. Inventory tracking in Microsoft Dynamics NAV aids in conforming to RFID (Radio frequency Identification enabled order processing) requirements. Microsoft Dynamics NAV leads to better price, Item tracking, Item substitution and cross reference. Location transfer functionality can be used for transferring items internally. Cycle Counting increases inventory accuracy. E-mail notifications too report about order status etc.
Conclusion
In short, what you focus on GROWS! So, its time you to give utmost attention to business projects and their management. Rest will be taken care of by Microsoft Dynamics NAV as it meets your requirements for management of a proper accounting system with reduced inventory and distribution expense, enhancing inventory accuracy, trimming down purchasing and inventory costs, ensuring profits, creating equilibrium between availability and demand, optimizing replenishment and furthering warehouse capabilities. Not only this, you develop better customer service too — the success mantra for any business enterprise!