In our prior post we noted that wholesale distributors, especially in the small to midsize market space, have specific requirements that match up well with many of the new features in Microsoft Dynamics NAV 2015. In that post, we looked at some key features in the area of sales and receivables, and started to look at warehouse management (including automated data capture and the setting up of bins). In today’s post we’ll conclude the warehousing comments and highlight some of the key feature for distributors in the area of inventory control. These comments are taken from an article published in a recent post at MSDynamicsWorld.com which can be found here.
So, continuing where we left off last post…
- Returns Management: Ensure any returned items are quarantined and assessed for eventual resale.
- Location Transfers: Ensure that stock is tracked from one location to another, for example from stock to distribution centers, retail outlets, etc.
- Stock Analysis: NAV provides rich analysis functionality to enable analysis of customers’ purchase patterns by item, spot trends, assess item pricing, etc.
- Alternative Suppliers: NAV also allows the management of purchasing the same item from different suppliers (with different price points, lead times) therefore providing the best customer service and availability of items.
- Item Ledger Integration: NAV’s item management enables the setup of core item information (costing methods, unit cost and price, margin, lead time, etc.) and integrates fully with the General, Sales & Purchase ledgers.
- Substitutions and Cross References: NAV manages item alternatives/substitutions together with the ability to cross reference supplier or customer item codes with those held internally.
- Traceability: You can batch or serialize track items enabling full traceability from supplier to end customer of any item.
- Time Line Visualization: NAV provides a fully integrated tool, providing the user with a visual projection of future supply and demand and enables the user to make dynamic modifications on the fly.
Add to all the above features NAV’s inherent ability to be customized and modified to a company’s specific, detailed requirements, and it’s no wonder that NAV has become the best-selling Microsoft Dynamics ERP product in the world today.