Dynamics 365 Supply Chain Management
Dynamics 365 Supply Chain Management, formerly called Dynamics 365 for Finance and Operations/Dynamics AX, is Microsoft’s new supply chain application for operations leaders in medium to large organisations.
Dynamics 365 Supply Chain Management is packed with supply chain focussed features giving operations leaders predictive insights and intelligence across planning, production, stock, warehouse, and transportation management to maximise operational efficiency, product quality, and profitability.
This article will discuss the challenges that operations leaders face and how Dynamics 365 Supply Chain Management helps to overcome those challenges.
Operations leaders challenges
Dynamics 365 Supply Chain Management helps operations leaders overcome challenges and drive growth. It provides them with a modern, adaptive and intelligent solution that supports their unique requirements. It enables operations leaders to adjust to continually changing business environments rapidly. An operations leader’s goal is to make impactful day-to-day decisions that ultimately result in the profitability of their business. Operations leaders are faced with the following challenges:
- Gaining unified and accurate real-time insight on operations to identify excess costs, allocate resources, manage inventory, forecast orders and production needs
- Increase sales orders accuracy to reduce the risk of delays and errors, reducing the risk of cost overruns and lost profits
- Need to enhance inventory management to see exactly what inventory is present and where it is, helping to avoid excess ordering or shrinkage
- Ability to identify quality or production issues early to reduce risks of waste and delays
- Reduce production delays to minimise the risk of damaging a customer relationship and losing revenue
How Dynamics 365 Supply Chain Management helps resolve operational challenges
Microsoft Dynamics 365 Supply Chain Management enables operations leaders to improve operational efficiency via business insights. Using insightful and real-time data, organisations can track the entire supply chain and production and identify issues, optimisation points and beyond. Ultimately, operations leaders can improve their profit margins through the functionality of operational improvements with Dynamics 365 Supply Chain Management:
- Increase sales orders accuracy – The procurement functionality in Dynamics 365 Supply Chain Management enables increased precision in ordering the right parts and materials and help the manufacturing, warehousing, and distribution channels to anticipate future work. Better planning reduces the risk of delays and errors, ultimately reducing the risk of cost overruns and lost profits
- Enhance inventory management – Dynamics 365 Supply Chain Management helps organisations see accurately what inventory they have and where it is, helping to avoid excess ordering or shrinkage
- Identify quality or production issues early – Business insights help operations leaders see in real-time when a specific production line is not performing correctly or when parts and materials from a vendor are failing at higher-than-expected rates. This empowers operations leaders to solve the problems immediately, significantly reducing the risk of waste and delays while also aiding vendor selection and negotiation
- Accurately predict production and warehousing needs – Historical and real-time data unifies to provide better forecasting, which allows production and warehousing teams to allocate their resources and optimise their operations as needed to meet timelines and avoid help over-capacity cost and stoppage issues
- Reduce delays – Better planning and quality reduces the risk of delays, helping to avoid overage costs like overtime and rush shipping.
To help operations leaders further, Dynamics 365 Supply Chain Management offers standard integration features with other parts of the Dynamics 365 family, such as Dynamics 365 Finance, Retail and Talent, providing a full end-to-end business solution for all commercial needs.
For more information on Dynamics 365 Supply Chain Management read our guide, which includes all the new finance focussed features to improve financial visibility and profitability.