Microsoft Dynamics 365 Part VI: Digital Supply Chain
Digital Supply Chain
Microsoft Dynamics 365 is a powerful and intuitive enterprise resource planning (ERP) solution designed to help you streamline your digital supply chain. It simplifies processes, increases visibility, and reduces costs with integrated data, analytics, automation, and workflow tools that make managing the end-to-end supply chain process easy.
By leveraging predictive analytics in Dynamics 365, you can identify potential issues before they occur and take action quickly to ensure that quality products are delivered on time at the right cost. With a modern ERP solution like Dynamics 365, organizations can increase operational efficiency while boosting customer satisfaction.
Dynamics 365 provides enhanced visibility into product delivery timelines through real-time tracking capabilities, so you always know exactly where your products are located and when they will be delivered. It also provides supply chain process automation to reduce errors, delays, and costs associated with manual data entry tasks.
Dynamics 365 also provides powerful reporting tools to track orders, sales performance, inventory levels, customer service metrics, and more. With this data at your fingertips, you can quickly identify areas of improvement in your digital supply chain and take corrective action accordingly.
Asset Management allows companies to track and manage assets throughout their lifecycles, including acquisition, repair, maintenance, and eventual disposal. In addition, users can view detailed information regarding each asset in real-time, such as its location, age, condition, warranty status, and more.
Asset Management is also equipped with powerful tools for scheduling preventive maintenance jobs based on estimated utilization or specified intervals. This helps businesses ensure assets are running optimally and reducing costly downtime.
Asset Management also enables users to create comprehensive depreciation schedules for every asset. Depreciation schedules can be customized by company policies to accurately calculate the value of an asset over time and easily compare it against the current book value. This information can be used to make more informed decisions when considering future asset purchases.
Asset Management provides users with an efficient and secure way to manage and monitor their assets throughout the supply chain process. With its real-time tracking and maintenance capabilities, companies can ensure their assets are working properly, reducing downtime and increasing overall productivity.
Cost Accounting in Microsoft Dynamics 365 Digital Supply Chain is a framework that helps companies control, track and analyze costs over time. It provides the ability to plan and budget for expenditures, monitor progress against those plans and budgets, identify waste or excessive spending areas, measure profitability, and improve decision-making across the organization.
The major concepts and tasks that make up this framework include setting cost objectives, establishing cost standards, analyzing variance between actual and standard costs, determining cost drivers and activity rates, calculating overhead costs, allocating overhead costs to products or services produced by an organization, tracking capital investments and depreciation expenses, identifying opportunities for process improvements using ABC analysis (Activity Based Costing), evaluating pricing strategies based on margins and contribution analysis, forecasting future cost trends, and calculating labor efficiency.
Implementing a cost accounting framework helps organizations improve their bottom line by providing visibility into costs and enabling them to make informed decisions about price setting, resource allocation, strategic investments, and other financial management activities.
The reporting capabilities of Digital Supply Chain also allow users to present clear visualizations of financial data to better understand an organization's performance.
Cost Accounting in Microsoft Dynamics 365 Digital Supply Chain is essential for any organization looking to stay ahead in today’s competitive market environment. Its advanced cost analysis features and extensive reporting capabilities give businesses the insight to make informed decisions that will drive their success.
Cost Management in Microsoft Dynamics 365 enables organizations to easily manage their finances and ensure accurate inventory and manufacturing accounting. It lets you define the valuation of raw materials, semi-finished goods, finished goods, and work-in-progress assets. This process is critical for businesses that must stay on top of production costs while ensuring they remain profitable.
Dynamics 365 makes it easy to monitor costs across the entire supply chain with its built-in features. For example, you can set up rules for pricing based on cost components such as labor and overhead expenses, as well as allocate costs to different products or locations through allocations. The system also allows users to create fixed-price contracts with vendors for goods or services essential to the supply chain operations.
Cost Management also helps to optimize production costs and manage the cost of goods sold (COGS). It tracks the movement of materials, labor, and overhead expenses throughout the process.
Cost management allows you to account for all activities in real-time accurately. This can help identify areas where costs are rising and provide insight into how changes could be made to improve profitability.
With Microsoft Dynamics 365 Inventory Management, your business can effectively manage all aspects of its supply chain, from production to distribution. This will help you stay ahead in today's competitive market by streamlining processes and improving efficiency throughout the organization.
With its advanced features and capabilities, you can automate processes, reduce costs associated with inventory management, increase customer satisfaction, and improve overall performance.
The Inventory Management solution is an invaluable tool for supply chain professionals. It's an efficient way to track and manage your inventory so your business can stay ahead of the competition.
By leveraging the power of Microsoft Dynamics 365 Digital Supply Chain's Inventory Management module, businesses can have greater control over their inventories, while also reducing the risks associated with inventory management.
Inventory management provides a wide range of features that enable companies to effectively monitor stock levels, adjust replenishment schedules, and optimize product flows throughout the supply chain. It also makes it easy to accurately forecast, optimize warehouse space and effectively manage inventory replenishment.
IoT Intelligence provides the tools to unlock real-time insights into your supply chain operations. In today’s digital-first world, organizations must move quickly and intelligently to meet customer demands and stay ahead of the competition.
With its comprehensive suite of capabilities, IoT Intelligence helps you analyze data from devices and sensors and leverage machine learning technology to uncover new opportunities and discover hidden patterns.
This powerful solution gives you greater visibility across all aspects of your business so you can identify trends, optimize processes, predict maintenance needs, and more—all without the manual effort or expertise required.
Sensor Data Intelligence
The new Sensor Data Intelligence deployment model allows you to customize and extend your IoT solutions to meet specific business needs. You can also integrate with third-party systems for a more complete supply chain management solution.
The Asset Management feature provides two new scenarios for gathering sensor data. The first scenario allows sensors to capture data from production lines and other physical devices to monitor performance and detect anomalies. Azure Machine Learning services can then analyze this data to gain valuable insights about operations and automate maintenance activities.
The second asset management scenario involves using sensors to track real-time inventory movement across the supply chain. Organizations can use this data to manage resources, ensure accurate forecasting, reduce waste, and optimize operations.
Procurement and Sourcing
Procurement and sourcing can support businesses in creating a streamlined, effective procurement system. Customizable purchasing policies and workflows can help improve operational efficiency and reduce costs.
With built-in intelligence that can identify ordering patterns and insights into supplier performance, it helps to ensure goods are sourced from the right vendor at the best price. It provides visibility across all stages of the procurement process, with control over document management for invoices and receipts.
Automated processes speed up payment processing so suppliers can be paid quickly without any delays. In addition, this solution offers unified reporting capabilities enabling better decision-making.
These features make Microsoft Dynamics 365 Digital Supply Chain: Procurement and Sourcing an invaluable tool for businesses looking to optimize their procurement processes.
Businesses can benefit from improved accuracy, enhanced visibility into purchasing activities, reduced costs, and more efficient payment processing. In addition, it provides faster time-to-market by streamlining the entire procurement and sourcing process.
The Production control module also helps support compliance with industry regulations. Its comprehensive tracking capabilities enable users to monitor the quality of raw materials and finished products throughout production.
Production control ensures that only high-quality goods are released to the public, helping manufacturers ensure compliance with their regulatory obligations. With this feature in place, organizations can be certain that they meet all applicable industry standards and provide a safe product for their customers.
The Production control module allows manufacturers to manage their entire production process. It contains detailed information regarding materials, components, and inventory requirements.
Production control supports cost management, labor tracking, quality assurance, and batch control. This data can determine the best resources for each job or project and help optimize efficiency within the manufacturing process.
In addition to providing visibility into production processes, Production control helps streamline scheduling, sequencing operations, and controlling machines. Therefore, a core component of the production control solution is its integration with other modules.
You can use Microsoft Dynamics 365 Transportation Management to plan and execute inbound, outbound, and internal transport scenarios with real-time insights.
You can easily manage shipping information for carriers, vendor management for freight costs, create route guides to optimize routing solutions and monitor the performance of your shipment operations.
Furthermore, in conjunction with other supply chain services, the transportation planning solution can gain a complete view of your end-to-end supply chain operations.
Transportation management also helps you set up notifications so that you are aware when an order is shipped or delayed. These notifications allow you to make decisions based on current events while providing visibility into operational performance throughout the entire transportation network.
The transportation management tools are designed to be flexible and easy to use. Customizing user settings allows you to get a tailored experience for each user depending on their needs.
Microsoft Dynamics 365 empowers you to create effective warehouse strategies. You can assign tasks based on the available resources and ensure appropriate safety measures are implemented to provide a safe working environment for your staff.
It also enables you to optimize inventory levels and reduce redundant operations. From optimizing workflows in the warehouse to tracking stock movements, it is equipped with numerous features that will allow you to handle every aspect of supply chain management from one platform. The system is also highly scalable, so you can easily add or modify new warehouses as your business grows.
The Warehouse Management System offers powerful insights into business performance, allowing managers and supervisors to make proactive decisions that improve operational efficiency and reduce costs.
Moreover, it provides real-time visibility into stock levels, enabling you to manage inventory better. With Microsoft Dynamics 365 Warehouse Management, you can ensure that the right products are available at the right time and place.
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