When we talk about Supply chains, we think of every operation related to the logistics, inventory, production, transportation, and warehouse management systems. Today’s consumer demands same-day delivery, personalization, and disruption-free process.
To run all of these operations smoothly, you need great working software. This is when Dynamics 365 comes in. In short, it offers you one platform solution for all the operations.
Dynamics 365 - One platform Solution for SC optimization
Dynamics 365 connects manufacturers, suppliers, distributors, retailers, and customers across your organization. ERP improves supply chain management by simplifying departmental communication and reducing data silos and delays.
With the support of IoT (Internet of Things), real-time data updates minimize communication bottlenecks and keep all relevant stakeholders informed about shipments, inventory levels and locations, operational efficiency, and consumer data.
Prioritize Planning with Dynamics 365
When many orders for the same item arrive simultaneously, there isn’t enough stock on hand to meet all demand. This is one of the issues manufacturers confront when it comes to supply planning.
In what sequence should distribution center or retail orders be filled? Which is the most critical, and how should manufacturers prioritize it? This is where Dynamics 365’s priority-based planning comes in handy.
It can be used to set up optimal replenishment based on priority rather than just date by prioritizing replenishment orders to guarantee that urgent demand is met before less important demand.
Overall cash flow improves.
The planning optimization feature also offers you the ability to identify the behavior and demands of supply among customers and employees. Once it has noticeable data on changes and demands, it can make planning easy on the employee and customer part.
Steps to Optimize your supply chain with Dynamics 365
Supply chain optimization includes elements such as demand, planning, and monitoring. Using an inventory management module enriched by Big Data and Analytics in Microsoft Dynamics 365 Supply Chain, you can build strategies for more control. Further, it will help you with higher revenues and improved fulfillment agility, contributing to improved customer experiences through shorter delivery times.
To get on board with it, you can follow the simple steps below:
With your top-performing items identified, you can now focus on your suppliers. You can immediately assess how well your suppliers perform with accurate supplier data, ensuring that you work with trustworthy vendors.
You can rapidly evaluate your inventory levels and guarantee you can satisfy demand with all of this accurate information at your fingertips.
Companies require high-forecasting skills since supply and demand are unpredictable. Dynamics 365 comes into play here, automatically generating predictions based on historical sales or demand data.
Occasionally, intermittent demand and one-time sales spikes will all be detected by a forecasting feature. This allows you to compare your projections to actual sales forecasts on a frequent basis and make adjustments as needed.
Your goal is to improve the precision of your forecasts.
Automation through Dynamics 365 takes the guesswork out of what to order. Just think back to how difficult and time-consuming it is to work through spreadsheets of data manually to figure out what stock to order and when.
This ERP solution saves the day. Working with a solution that automatically generates balanced and optimized orders for every item, calculating the right amount of safety stock and built on data-driven inventory policies, ensure the orders placed fall in line with your target fill rates.
DFSM offers you an easy implementation to ensure you have streamlined Dynamics 365. All you need is proper planning and an expert to help you get through it. Rest is all on Dynamics 365, as it has all the features you need to optimize your supply chain completely.