With Microsoft Dynamics 365 Business Central you can streamline your supply chain as per these high level examples:
As part of a Distribution Suite we must consider the capabilities of the Microsoft Dynamics Business Central CRM, Quotation and day to day processing rules different price and discount agreements often apply when selling to different customers and these must be defined so that the agreed rules and values are applied to sales documents that you create for the customers. When you have recorded special prices and line discounts for sales and purchases, Microsoft Dynamics 365 Business Central ensures that your profit on item trade is always optimal by automatically calculating the best price on sales and purchase documents and on job and item journal lines. In regards to prices, you can have a special sales price inserted on sales lines if a certain combination of customer, item, minimum quantity, unit of measure, or starting/ending date exists.
You can use a wide range of sales and purchase documents to set up the sales or purchase process that best suits your needs. You can manage sales/purchase orders, blanket sales/purchase orders, and sales/purchase order processes in Microsoft Dynamics 365 Business Central. You can also just create an invoice without an order process.
You can target your customers and customer groups with special prices and discounts. Special prices and line discounts can depend on conditions, such as the minimum order quantity and the order date. The program automatically applies the best price and the highest discount for the customer, but from your sales document, you have direct access to all possible prices and discounts. Besides the line discount, you can also set up an invoice discount. In an invoice discount, you link the discount percentage to the document amount.
Microsoft Dynamics 365 Business Central can monitor and control your purchase process through automated workflows, including OCR functionality. You can very easily create replenishment orders from inventory notifications or forecasts and apply prices and discounts based on specific conditions that you agree with your vendor, such as the minimum quantity and the order date. To stay in control of purchase costs and expenses, you can even implement advanced workflow and approval structures.
When selling items, it's important to get a detailed view of an item's availability, considering the location and the date. Microsoft Dynamics 365 Business Central informs you about stock shortage when you process sales, so that appropriate action can be taken like creating a replenishment order or offering a substitute item.
Microsoft Dynamics 365 Business Central: Sales and Inventory Forecasting
The sales and inventory forecast produce with machine learning technology a predictive analysis of future sales and inventory levels. By setting period type and origin, you can specify the historical data the program uses. When the inventory level drops below zero, you can create a replenishment invoice from the forecast chart.
In Microsoft Dynamics 365 Business Central you can set up and use non-stock items to offer items that you don't maintain in inventory to your customers. By only entering a few fields, a non-stock item contains all the information that you need to send your customer a price list of items you don't keep on stock. Once you enter a non-stock item in a sales document, the program automatically creates a new item using the item template on the non-stock item card. The item template contains all the mandatory fields that you need to set up a regular item.
Microsoft Dynamics 365 Business Central: Item Substitutions
Microsoft Dynamics 365 Business Central allows you to offer substitute items when requested items are unavailable. By setting up item substitutions, you can link similar items. When the program notifies you that the item a customer requests is out of stock, you can very easily view the substitute items and select one that you have on stock.
Manage inventory in multiple locations that might represent a production plant, distribution center, warehouse, showroom, retail outlet, or service car.
Track inventory as it’s moved from one location to another, and account for the value of inventory in transit at various locations.
With Microsoft Dynamics 365 Business Central you can receive and ship goods from the warehouse and organise your internal warehouse activities like putting items away, moving items inside or between warehouses. You can pick items for assembly, production or shipment. You can manage items on a bin level, pick and put away items in a bin, and move items between bins by using a report that optimises space usage and picking processes. Assembly of items for sales or inventory is included in warehouse activities.
Please note to extend the standard capability of Microsoft Dynamics 365 Business Central Warehousing to a paperless environment please click on this link for Tasklet Warehousing.
If you are looking for more information on Microsoft Dynamics Business Central basics along with the core of the system, Finance, then please click here
If you are looking for more information on Microsoft Dynamics 365 Business Central: CRM then please click here
Are you a Business Owner and as such would like to organise a workshop to review Microsoft Dynamics 365 Business Central?
It must be realised that there are two versions of Microsoft Dynamics 365 Business Central with associated costs; Essentials vs Premium. Both versions have expansive supply chain and inventory management capabilities and as such a workshop will take time and we may split the workshops over 2 or even 3 reviews. Please note that Microsoft Dynamics 365 Business Central Distribution supports such functionality as:
Alternative Order Addresses
Alternative Ship-To Addresses
Item Cross References
Purchase Line Discounting
Purchase Line Pricing
Purchase Order Management
Purchase Return Order Management
Sales Invoice Discounts
Sales Line Discounting
Sales Line Pricing
Sales Order Management
Sales Return Order Management
Standard Cost Worksheet
Stock keeping Units
Vendor Catalogue Items
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