We have now seen how Microsoft Dynamics NAV can help you with unified accounting and operational stock figures, as well as giving you the tools to make fast and effective purchasing decisions.
We’re now going to look at supply chain tracking using stock control software. Customers demand information and you have to be able to supply it. You need to know where the stock is to fulfil their order, whether it is available in the warehouse, at the docks, or in manufacture, or never coming.
Microsoft Dynamics NAV and supply chain tracking
With NAV you can find out instantly where any item is in your supply chain, and what its status is. This has significant benefits for your inventory management:
- You can respond quickly to customer demands and provide them with detailed information on their order status. This increases satisfaction and boosts your reputation.
- You can monitor purchasing status and take action when supply is slipping, avoiding late delivery penalties and fees.
- You can use data on stock status to streamline distribution and increase efficiency.
- Monitor testing requirements, certificate expiry dates, and production issues.
- You can identify which suppliers are most efficient and supply goods the fastest.
- With streamlined admin, you can communicate easily with vendors to assess updates and load the information into the system.
- You can communicate with customers using reports reflecting current stock availability and projected estimated times of arrival.
*Some of the benefits listed are Evo-soft add-ons and not standard in Dynamics NAV.
Good supply chain tracking is vital for both customer and supplier satisfaction, and Microsoft Dynamics NAV allows you to achieve both from unified stock control software. In our next post we’ll be examining how NAV can help manage goods received and make your stock system faster and more efficient as a result.
Filed under: NAV | Tagged: Inventory Management, NAV, Supply Chain Tracking
