Are you trying to implement Dynamics 365 supply chain management but worried about the economic impact? Well, Forrester Research has sorted it out for you. With the report, you can check out the economic impact of D365 on your organization.
Methodology and Purpose
The framework’s goal is to discover the cost, benefit, flexibility, and risk elements that influence a choice to invest. To assess the impact that Microsoft Dynamics 365 can have on an organization, Forrester used a multistep approach.
To perform the TEI study, Forrester Research interviewed five firms. Further, Forrester Research created the TEI technique. The purpose of this technique is to help firms make technology-related purchase choices.
The aim was to assist technology suppliers in communicating the value proposition of their solutions. The goal of a TEI study is to give a framework for corporate decision-makers.
With the framework by TEI, they can assess the financial impact of deploying Dynamics 365 Supply Chain Management.
Dynamics 365 Supply Chain Management is a product-centric solution for the organization. Dynamics 365 supply chain management features also enable users to plan more effectively. It helps them enhance organizational agility, and maximize asset uptime, allowing more efficiency.
What are the features of Dynamics 365?
Dynamics 365 Supply Chain Insights
Historical and real-time data helps to improve forecasts. The data also allows production and warehouse teams to deploy resources and optimize operations. These enhancements result in more responsive planning and scheduling. It also improves better supply and demand synchronization. Besides, it ensures the reduction of production bottlenecks too.
Delays are less likely with better planning and quality, which helps to save costs such as overtime and rush shipment. Additionally, reducing delays lowers the danger of hurting a client relationship and potentially losing income.
Companies can see in real-time when a production line isn’t working well. Or they can also analyze when parts and materials from a vendor fail at higher-than-expected rates – all thanks to business insights.
Scrap rates were reduced as a result of real-time efforts to correct poor circumstances. And underlying causes were found, allowing these companies to reduce needless losses while improving production quality. Improvements in product quality saved more than $6.8 million in costs over three years.
The benefits from retiring several legacy programs were a significant improvement point for the organizations. By migrating their systems and processes to a modern cloud-based solution, users were able to save money on server maintenance and system administration.
It further helped avoid the higher expenses of scaling their previous solutions. These infrastructure cost savings totaled $11 million over three years.
By employing low-code/no-code extensions, Dynamics 365 Supply Chain Management uses Microsoft Power Apps to cut modification expenses. Furthermore, because it runs on the Microsoft Azure cloud, it provides operational application services, eliminating the requirement for developers and technical employees to focus on system administration.
The financial benefit of productivity increases is estimated to be $0.7 million over three years by freeing up these resources to deliver other, higher-value activities.
Other significant non-quantifiable organizational benefits were also a part of the study. Increased adaptability, improved ability to deliver on time, improved customer satisfaction, improved forecasting capabilities for improved supplier collaboration and planning, and improvements to team members’ day-to-day work achieved by breaking down silos between teams and functions are just a few of the advantages.
Dynamics 365 Supply Chain Management is a highly flexible and modular ERP system. It helps all stakeholders distributors create a connected, robust, and digital supply chain.
Furthermore, it uses AI and machine learning to mix data from practically any source in real-time. They can use this data to generate knowledge, allowing it to discover opportunities and develop a competitive advantage.
Our experts at DFSM have quite great exposure to working with the experts. So, if you have concerns about implementing the Dynamics 365 supply chain management modules, let us help!
We can help you draw the economic impact of Microsoft Dynamics 365 Supply chain Management exclusively for your organization. Now, get in touch to get started today!