One of the weaknesses of some stock control software packages is in the area of goods received.
When goods arrive from your suppliers, you want them to be listed immediately in your inventory management software. That way, they become immediately available for distribution and sale.
If they are not, you face delays in despatching to your customers, damaging your relationship and sometime incurring costly penalty charges. You also may end up keeping more stock than you need to satisfy demand – and that ties up your capital.
However, some stock control systems won’t allow the goods received to be listed until the relevant invoicing has been matched to the items.
Microsoft Dynamics NAV for goods received
With Microsoft Dynamics NAV, stock can be entered immediately into your inventory – there is no need to wait for the invoicing to catch up. It happens immediately. NAV can be used to track goods receipt dates, check all items against any purchase orders that might be outstanding, and verify quantities.
Equally important, NAV will highlight discrepancies between invoices and the goods received, allowing you to identify over-deliveries or under-deliveries immediately and take corrective action.
Summary of inventory management benefits
Evo-soft can help you to deploy Microsoft Dynamics NAV so that your inventory management software manages goods received in efficient and cost-effective ways.
With NAV deployed by us, you can:
- Have stock available for distribution or sale, practically from the moment of delivery
- Keep stock levels down, freeing up capital and warehouse space
- Easily spot discrepancies between goods received and supplier invoices
- Take corrective action on delivery descrepancies quickly.
In the next post, we’ll be looking at stock management inside the warehouse, and the related efficiencies that NAV can bring to your business. Make sure you don’t miss out – subscribe to our RSS feed today.
Filed under: NAV
