Over the last seven posts, you’ve been able to see how Microsoft Dynamics NAV provides you with powerful inventory management capabilities.
From offering you combined accounting and operational stock figures, to helping you make purchasing decisions and take full control over supply chain tracking, Microsoft Dynamics NAV consistently outperforms alternative stock control software.
In this post, we’re going to summarise the stock control benefits offered by NAV and then offer you the chance to try out its capabilities for yourself.
Let’s begin…
Accounting and operational stock figures
With Microsoft Dynamics NAV you don’t have to reconcile your accounting figures with your operational stock figures – you already have unified data.
Thanks to this fact, you get better inventory management:
Purchasing made easier
Traditional buying decisions could easily be undermined by relying too heavily on out-of-date stock, sales and forecast figures.
NAV helps you to avoid this situation by allowing you to track up-to-the-minute stock levels, and quickly spot when demand for an item increases or decreases – giving you more time to take action.
In addition, NAV streamlines purchase order production. Requests can be approved immediately, and an Evo-Soft plugin allows you to upload new items via Microsoft Excel spreadsheets – the format generated by many suppliers.
Supply chain tracking
Microsoft Dynamics NAV allows you to find out instantly where any product is in your supply chain, and what status it has. This has significant benefits, particularly in conjunction with Evo-Soft add-ons:
This is unified stock control software at its best.
Goods received
Microsoft Dynamics NAV allows you to enter stock immediately into your inventory – you don’t have to wait for the invoicing to catch up. If you ask Evo-Soft to deploy NAV, you can:
Stock management inside the warehouse
NAV allows you to maximise the space available inside your warehouse. You can define picking criteria and you can assign items to multiple bins and put-away locations – safe in the knowledge that NAV has an accurate record of every item’s whereabouts.
You can also track lot and serial numbers, not to mention ‘best before’ dates. You can also track batches and easily handle any product recalls or messages that relate to any one of them.
Because your stock data is so accurate, you can:
In short, Microsoft Dynamics NAV increases the accuracy of your inventory – giving you a whole host of cost-effective efficiency benefits.
The stock control audit trail
NAV will log stock control changes instantly, so you can access live figures at any time. You can access details of all physical transactions, whether goods are received, sent, transferred, returned or written off. You can therefore analyse stock status easily, quickly detecting errors or abuses.
You can analyse any part of the full audit trail to check performance by product, department, operative, warehouse, date range or other factor. The audit trail also means you comply with Government record-keeping, check transaction accuracy, detect improper use or security problems and analyse data to find patterns and trends.
The strength of NAV is that you can monitor every detail of stock control from purchase order to final delivery – all within one system. It saves you money, makes your business more effective and gives you a competitive edge over your rivals.
Would you like to try the benefits for yourself? If so, please get in touch and we’ll show you what NAV can do…
Filed under: NAV
