manufacturing Industry Archives

Enhance Your Business with Microsoft Dynamics 365: A Guide to Digital Transformation

January 23, 2023 | Digital Transformation, manufacturing Industry, Microsoft Dynamic 365 | No Comments

Over the years, our lives have become more digitized as technology has advanced. This means that companies must constantly adapt and transform to meet the latest digital needs of their customers and take initiatives to become more digital in their approach to deliver a better customer experience (CX). From keeping customers happy to building improved digital customer journeys, businesses are under intense pressure to manage customers and retain them amid fierce competition. To achieve this goal, companies across multiple industries across the globe have quickly started embracing digital transformation to stay ahead.

While organizations realize they have to start somewhere to drive their digital transformation journey, they're less sure what tools they need.

That's where Microsoft Dynamics 365 comes in, and its powerful suite provides the right tools needed to make meaningful progress on your transformation journey.

Let's take a deep dive into the challenges companies are facing today and how Microsoft Dynamics 365 can help with digital transformation.

Current Challenges Faced by Growing Businesses

While companies know they need to transform their processes to increase productivity and achieve higher ROI, they face some challenges:

1. Poor quality consistent with standardized practices

Some growing companies do not have adequate standardized practices to ensure quality and productivity. These companies tend to rely on processes built around ad-hoc needs without creating structures in place to simplify them. These companies shy away from considering digital transformation due to concerns about some of the major roadblocks that create potential compatibility and operational issues.

2. A lack of suitable ROI tracking tools.

Many companies find it difficult to understand how business processes affect results, primarily because they fail to properly assess or calculate ROI. Additionally, most of these companies likely do not have the reporting tools and processes in place to allocate future budget allocations to future budget allocations, which include spend and profit-related dependencies, and factors that affect the success or failure of a project or campaign.

3. Customer service-related issues

The entire world is moving towards a more beneficial customer-centric approach that focuses on delivering a positive customer experience to gain a competitive advantage. In the face of changing customer demands, cutthroat competition, price wars, etc., poor sales and service can affect the business. Businesses are even losing existing customers, let alone gaining new ones.

4. Lack of critical data-driven insights

Understanding the customer experience and taking steps to improve it requires insights from critical data. Without these key data-driven insights, organizations may not be able to achieve appropriate results and add value to a product or service. On the other hand, gaining data-driven insights can increase sales, reduce costs, improve efficiency, and also provide what customers are looking for in their products or services.

5. Risk management issues

Running an organization can expose it to unexpected events, data breaches, and product or equipment failures, and businesses need to guard against such potential risks. Businesses need a proper risk management strategy to guard against such events. Also, such strategies should be taken into account when setting goals for the future.

Why Businesses Need Digital Transformation

In this volatile market and changing business environment, organizations should consider embracing digital transformation to stay ahead and stay ahead. Digital transformation is key to accelerating customer experience, improving operational processes to increase productivity, and enhancing capabilities and models. With more digital investments leveraging the latest technologies, business and board leaders can drive innovation and IT teams can focus and excel.

How Microsoft Dynamics 365 supports companies in their digital transformation

Microsoft Dynamics 365 is a cloud-based enterprise software platform that combines some of the most potent software products, such as CRM, ERP, HCM, and Power BI reporting capabilities, into a single integrated package. Dynamics 365 breaks down barriers between data, business, process, and customers to help improve business processes, generate actionable insights, and integrate Microsoft tools of all sizes. The software provides business leaders and managers with critical insights to make the right decisions at the right time.

Let's take a look at some of the standout benefits of Dynamics 365.

1. Include cutting-edge technologies

Microsoft Dynamics 365 integrates new technologies such as Power BI, Azure Machine Learning (ML), Cortana Intelligence, and IoT to simplify and transform business operations.

2. Unify multiple business applications

Microsoft Dynamics 365 enterprise-class business applications such as ERP, CRM and Office 365 enable organizations to leverage these powerful solutions through a single platform.

3. Improve productivity

Having all business solutions and technologies in one place provides flexibility and convenience for solution users, allowing them to quickly access, navigate and find information through a single point of reference. This saves time and increases employee productivity.

4. Adjust business process

With Dynamics 365, users can leverage tools and platforms such as Power Apps and Power Platform for rapid application development to create custom applications and business processes.

5. Improve customer loyalty

Dynamics 365 provides all customer-related information in one accessible place. Businesses can gain key customer insights and deliver enhanced customer experiences based on their interests.

6. Add flexibility

Businesses can respond to the changing needs of customers by leveraging various applications for different roles such as sales and marketing, finance, customer service, and more.

Wrapping Up

With changing technology trends, modern business models, and the pace of the world in general, companies should start looking for ways to deliver a great customer experience and overcome some of the challenges they face along the way. Microsoft Dynamics 365's advanced solutions, tools, and capabilities enable organizations to drive digital transformation and transform their business.

Chat with our experts to learn more about how companies are using Microsoft solutions to deliver innovative, powerful business applications.

By Great Innovus

Top 5 Technology Trends in ERP for 2023

December 23, 2022 | Digital Transformation, manufacturing Industry, Technology, Trends | No Comments

Enterprise resource planning (ERP) solutions continue to evolve and incorporate new technologies, extending their support to most business functions. ERP systems integrate nearly all organizational processes, from back-end processes like human resources and accounting to front-office functions like sales and customer service. ERP technology increases efficiency, profitability, productivity and competitiveness.

What is ERP and why has it evolved?

ERP stands for Enterprise Resource Planning. It is business process management software that helps organizations streamline operations and manage resources more efficiently. Inventory, financial data, customer data, and other business information are tracked and managed by ERP systems. However, the traditional ERP model can no longer meet the needs of modern enterprises. The reason is that the corporate landscape has changed dramatically in recent years.

Thanks to technological advancements, companies are now more global and interconnected than ever before. You're also dealing with more data than ever before. Therefore, they need an ERP system that is more flexible and adaptable to change.

Enterprise resource planning (ERP) systems are used by businesses to manage and integrate various business processes, such as finance, HR, supply chain, and customer relationship management. Here are some technology trends that are likely to shape the ERP landscape in 2023.

Here are five technology trends that are expected to have a significant impact on the enterprise resource planning (ERP) landscape in 2023:

1. Artificial intelligence (AI)

AI and ML are expected to play a more prominent role in ERP systems in the coming years. These technologies can help automate various processes, such as data analysis, forecasting, and decision-making, and can also be utilized to increase the precision and effectiveness of several ERP tasks, including financial reporting and supply chain management.

Ordinary people have long feared that computers would replace humans, leading to widespread unemployment. In fact, many human tasks today can be performed entirely by computers. For instance, some vehicles are self-driving.

As far as intelligence is concerned, artificial intelligence (AI) is a bit different because the real goal of AI makers is to have their computing technology support human activities, not replace them.

Artificial intelligence, also known as “machine intelligence,” refers to computers that mimic human cognitive functions, such as problem-solving and learning. AI got off to a rocky start, but growth in computing power, theoretical understanding, and vast amounts of data has led to a renaissance in recent years. So the time is finally ripe for artificial intelligence.

Now connected to ERP systems, AI is helping people make decisions, work faster and make fewer mistakes. Operations research, software engineering, and computer science problems are partially solved with the help of artificial intelligence. Enhanced AI is available in 2023 ERP software. Even parts of certain tasks, such as B. Accounts Payable, are done by AI systems.

If AI can improve our free time and leisure time, it should be easily merged with ERP programs to automate business agreements. It has flourished in manufacturing and accounting. Due to the personal and professional presence of AI, MarketsandMarkets predicts that the AI market will be worth $407 billion by 2027.

2. Cloud computing

Cloud-based ERP systems are becoming increasingly popular, as they offer a number of advantages over on-premises systems, including lower upfront costs, faster deployment times, and easier scalability. As more businesses adopt cloud computing, it is likely that the majority of ERP systems will be hosted in the cloud by 2023.

Storing data in the cloud is nothing new. What's new is the involvement of the ERP community, because until recently, ERP users were afraid to store their company data in cloud storage.

One-third of enterprise IT budgets are now spent on cloud services. As such, expect cloud ERP to continue to diversify and offer more customization options and capabilities in 2023.

Access to global enterprise ERP from anywhere in the world is the main reason for cloud ERP adoption. Cloud ERP offers better data security, so it is not as risky as one might think. Cloud ERP is also easier to manage and reduces costs.

The cloud has had a lasting impact on the ERP and technology industries. It’s no surprise that MarketsandMarkets predicts that the global cloud computing market could reach $947.3 billion by 2026. Aside from the limited internet access and specific industry standards that make on-premises solutions a must, cloud ERP software is often a better choice for businesses.

3. Internet of things (IoT)

Direct Machine Integration – Sometimes called the “Internet of Things” or “Internet of Things”. This technology refers to connecting computers to machines and other things.

The integration of IoT into ERP systems is expected to become more widespread in the coming years. By connecting devices, such as sensors and smart appliances, to the ERP system, businesses can collect and analyze real-time data to improve decision-making and optimize operations.

For example, sensors installed on manufacturing machines can inform the manufacturer's ERP software in real time about the performance of the machines. A foreman or manager reviews and interprets the information. He then schedules after-hours maintenance when employees aren't around to collect their paychecks.

Unplanned failures and downtime are far less common when IoT and ERP are combined. That means fewer human technicians are needed, and fewer employees do nothing while waiting for machines to be repaired. IoT devices connected to an ERP can create this type of communication and efficiency across many different applications throughout the supply chain. This transparency on and off the chain will make the company more competitive.

IoT is already pervasive across multiple industries, including manufacturing, and it shows no signs of slowing down. MarketsandMarkets expects the IoT market to reach $650.5 billion by 2026.

4. Mobile ERP

The increasing adoption of mobile devices is driving the development of mobile ERP solutions, which allow users to access and manage ERP data and processes from their smartphones and tablets. With the rise of remote work and the growing importance of mobile devices in the business world, mobile ERP is likely to become increasingly important in the coming years.

Everyone is staring at their phones these days. Many people take their laptops and other mobile devices with them to restaurants, coffee shops, homes and offices.

We live in an age of instant access to information, and today's mobile workforce expects large enterprise software to have mobile apps. Apps provide managers and employees with real-time access to company information and customer communications. In order to address this need, ERP is indeed going mobile.

With an ERP mobile app, employees can send push notifications, create campaigns, and review and approve time, sales orders, and expenses at the local coffee shop or at a table in the backyard.

Mobility plays a vital role both inside and outside the workplace, which is why Allied Market Research predicts that the global smart mobility market will be worth $70.46 billion by 2027.

5. ERP Customizations and integrations

As businesses continue to look for ways to optimize their operations and improve efficiency, the demand for customizations and integrations within ERP systems is expected to increase. This includes the integration of ERP systems with other software and systems, such as customer relationship management (CRM) and enterprise asset management (EAM) systems, as well as the customization of ERP systems to fit the specific needs of individual businesses.

Customizing:

Customizing an ERP application means changing it at a macro level to meet the needs of a specific business or company.

ERP is custom-made when a company wants to add or change modules/features according to its needs, in addition to what the standard version has to offer. It also includes integrations with third-party or in-house applications to extend functionality and provide comprehensive automation solutions.

Example of ERP customization:

♦ Modify or extend existing functionality.

♦ Add new features and options that were not originally included.

♦ Configure the application to support third-party functionality.

♦ Add task management process.

Integration:

Rather than customizing a system from scratch or over-customizing an existing system, ERP integration is a viable solution. The process combines multiple systems or modules to meet a company's specific needs.

Because this works with existing tools and modules, the need for customization is minimized, especially when working with vendors who understand the specific third-party modules and tools your industry requires. By integrating existing modules and tools, less time is spent on customization and code rewrites, saving costs and ensuring easy future upgrades. The process results in a more durable ERP system that delivers more value over the long term, increasing growth potential and success.

Final Thoughts

Artificial intelligence (AI), the Internet of Things (IoT), cloud computing, mobile enterprise resource planning (ERP), and customized ERP are all expected to play a significant role in shaping the digital landscape in 2023. AI will enable organizations to automate complex processes, analyze large amounts of data, and make better decisions in real-time. IoT will allow organizations to collect and analyze data from connected devices and systems, enabling them to improve efficiency and make more informed decisions. Cloud computing will allow organizations to access powerful computing resources on-demand and scale as needed, enabling them to be more agile and responsive to changing business needs. Mobile ERP will allow organizations to access their ERP systems from any device, enabling them to be more productive and efficient while on the go. Customized ERP will allow organizations to tailor their ERP systems to fit their specific business needs and processes, enabling them to get the most value out of their ERP investment.

Great Innovus helps organizations achieve digital transformation by building solutions utilizing AI, IoT, cloud computing, mobile ERP, and customized ERP. The company's team of experts works closely with clients to understand their unique business needs and goals, and then designs and develops solutions that leverage these technologies to help clients achieve their objectives. By leveraging the power of these technologies, Great Innovus helps clients to streamline their operations, improve efficiency, and drive business growth. Check out case studies at https://www.greatinnovus.com/case-study.html

By Great Innovus

Maximize efficiency and ensure compliance in the food and beverage industry with Microsoft Dynamics 365 Business Central ERP

December 16, 2022 | manufacturing Industry, Microsoft Dynamic 365, Technology | No Comments

Today's food and beverage industry operate in highly competitive and highly regulated markets. Any small change in sales or input costs can have a profound effect on the entire organization. The industry also relies heavily on supply chain efficiency and tight integration of complex production processes to comply with all manufacturing standards and instructions, as well as continuous delivery capabilities. Combined with the requirements for product traceability and the changing regulatory environment in different regions, this can make for some very challenging times!

However, the good news is that all of these challenges can be overcome by investing in the right technology for your business along with state-of-the-art business software solutions such as enterprise resource planning (ERP systems).

Microsoft's Dynamics 365 Business Central ERP platform is the ERP solution of choice for many companies in the food and beverage industry. It helps companies seamlessly manage business processes from forecasting, planning and inventory to logistics and production. Consolidating all data into one integrated system ERP system provides a unified view to control all business processes from a centralized center. ERP solutions also support a host of tasks specific to your food and beverage industry such as Compliance, Regulations, Product Traceability and Quality control.

How Microsoft Dynamics 365 can help the food and beverage industry:

Microsoft Dynamics 365 is a comprehensive solution that connects every aspect of a food and beverage company, from finance to human resources, from warehousing to quality assurance and logistics to production and sales, customer service and more.

Microsoft Dynamics 365 is a comprehensive solution that connects every aspect of a food and beverage company, from finance to human resources, from warehousing to quality assurance(QA) and logistics to production and distribution, customer service and more.

Dynamics 365 Business Central delivers real-time data insights critical to your business and industry, enabling you to make faster, more informed decisions in production, inventory, and across the supply chain. Dynamics 365 BC also offers add-on solutions to meet stringent quality and compliance standards, inventory management, and customer needs and customer service.

Some of the key areas that Dynamics 365 BC helps address in the food and beverage industry are:

Food and Beverage Manufacturing – With powerful planning and analysis tools, Dynamics 365 can help food manufacturers balance production with demand, manage inventory, and gain insight into cost and process efficiencies.

Food and Beverage Distribution – Ensuring an efficient ordering and delivery process with enhanced warehousing capabilities to get the right product to the right place at the right time, updated in real-time to effectively respond to changing and changing demands.

Fresh Produce: Manage your supplier pool, streamline pick and pack floor processes, and comply with food safety standards. In addition, Microsoft Dynamics 365 provides the technology needed to interact with large suppliers, supermarkets and multi-retailers, as well as independent retailers.

Dairy: Manage your various products and packaging, optimize processes such as separation and standardization, and comply with food safety standards. You can also work with trading partners such as key suppliers, supermarkets and multi-sellers as well as independent retailers.

Accelerating Digital Transformation in the Food and Beverage Industry with Microsoft Dynamics 365 Business Central

Dynamics 365 Business Central is at the forefront as it is flexible and scalable to meet all the ultimate needs of food and beverage business users. Microsoft invests heavily in continuous improvement and product development To meet the needs of enterprises and industries. our partnership with Microsoft enables us to combine industry-leading technology platforms with our extensive knowledge and expertise in the food and beverage industry to help you accelerate your digital transformation journey.

As one of the world's leading ERP solution providers, Microsoft's ERP platform, Dynamics 365, is intuitive, allowing users to quickly navigate and optimize a rich set of features and functions, with an additional user-friendly look and feel of other Microsoft products Integrate with products like Office 365 and Power BI.

Dynamics 365 BC provides a complete end-to-end ERP software solution for food and beverage manufacturers, processors and retailers – an integrated solution for businesses driven by consumer demand, consumers looking for lower prices and greater choice plans.

At Great Innovus, we understand the needs of the food and beverage industry and want to ensure you get the most from your ERP investment.

» We have developed integrated industry-standard interfaces for you so you can use EDI, RF or business intelligence.

» Control maintenance and development costs with these out-of-the-box integrations.

Dynamics 365 Business Central can be easily and quickly implemented on a customer-specific basis Your Food and Beverage Industry Requirements. Dynamics 365 Business Central can be easily and quickly implemented to suit the specific needs of your Food & Drinks industry. It enables companies to manage their financial, sales, manufacturing and supply chain operations while integrating the specific functions required to work in the food and fresh produce industry.

Wrapping Up

If you are a food and beverage manufacturer and would like to know how Microsoft Business Central can help you through these challenging times, please Contact Great Innovus. We are the leading D365 Business Central ERP and Microsoft Dynamics 365 partner in the US and India.

We support companies on their digital transformation journey by providing Microsoft Business Automation tools, Power Apps, Microsoft Dynamics 365 Business Central, Microsoft Azure, Microsoft Power BI and other technology solutions, services and support.

By Great Innovus

A guide to transforming your manufacturing business with Microsoft Dynamics 365

November 4, 2022 | Digital Transformation, manufacturing Industry, Microsoft Dynamic 365 | No Comments

The term “digital transformation” has attracted many manufacturers around the world. Digitization is leading to an increase in the latest trends and innovations. In manufacturing, this leads to Industry 4.0, smart manufacturing and smart factories.

By using the latest technology, you can improve your business processes, offers and services. It's about how to transform your business to make it stronger and more efficient to drive business growth.

At the forefront of digital transformation are cloud-driven manufacturing ERP solutions. By using these ERP models, you can experience excellent connectivity and distributed workloads.

Why choose Microsoft Dynamics 365 Enterprise Manufacturing Solutions?

Microsoft Dynamics 365 is a true leader in manufacturing ERP. It gives you the flexibility to fully customize your business applications to the unique needs of your manufacturing organization.

Whether you're interested in process, repetitive, discrete, or lean manufacturing, with Dynamics 365 you can gain real-time visibility into your manufacturing operations.

It can help you build more cooperative and productive partnerships with your suppliers. You can use critical business intelligence to empower your people and build deeper, more productive relationships with customers.

Most importantly, Microsoft Dynamics 365 helps you streamline your manufacturing solutions more efficiently while improving quality and ensuring compliance.

Benefit today from a fully integrated end-to-end ERP and manufacturing CRM solution from Microsoft Dynamics 365. Learn how Microsoft covers every aspect of corporate governance and manufacturing!

How is Microsoft Dynamics 365 changing manufacturing operations?

Here's how to use Microsoft Dynamic 365 to ensure smooth operations throughout the manufacturing lifecycle.

Supply Chain Management

Benefit from the best manufacturing tools, accurately forecast demand and manage inventory across all your warehouse and manufacturing locations. You can also create unique strategies for distribution, inventory management, material sourcing, purchasing and quality control. Additionally, Microsoft Dynamic 365 is equipped with useful tools to improve your supplier relationships and boost sales.

Production Control

From market demand to supply chain, Dynamic 365 provides an easy-to-use interface to help you manage the different variables of your production schedule.

You can use visualization tools to quickly create different planning scenarios and adapt production plans to changing circumstances.

Sales, Marketing and Service

By using this efficient platform, you can combine your ERP and CRM operations into one comprehensive solution. From identifying lead opportunities to lead management to analyze customer behavior, you can simplify your sales, marketing and service efforts in one fell swoop.

HR management

When you have a lot of workers it becomes difficult to manage them. With Microsoft Dynamics 365 for Manufacturing, you can ensure smooth financial and legal processing, right down to payroll.

It facilitates talent and workforce management, helping you identify your employees' talents and leverage their expertise accordingly.

Business Intelligence and Reporting

Transform your enterprise manufacturing solutions from embedded business intelligence while gaining insight into your financial health.

Plus, monitor your production performance and supplier and dealer network with AI-driven analytics and Power BI reporting. It helps in making key business decisions to increase your business growth and revenue.

Microsoft Dynamics 365 is a unified solution for manufacturing. As your business grows, you need to find unique solutions to meet new demands and overcome challenges. The lack of unity in the system can be called the difference.

With a seamless implementation of Dynamics 365, you get a modern, cloud-integrated platform that simplifies all departments in your organization.

Microsoft Dynamics 365 addresses unique manufacturing needs

At Great Innovus, we see custom processes, hybrid environments, and discrete operations for manufacturing. No matter your industry, process, and goals, you can always rely on support from Microsoft Dynamics 365 for Manufacturing.

Whether you're a food, chemical, paper or steel manufacturer, you can rely on Dynamics 365 for exceptional process manufacturing production.

It offers some amazing tools to help you control your operations and maximize your assets while reducing additional costs. It also helps to easily monitor the impact of decisions on production, orders, distribution and inventory.

Food industry

The specific challenges facing the food industry go well beyond independent distribution and manufacturing.

It needs to enforce certain regulatory standards that require attention, such as expiration dates, special handling, etc.

That's where Microsoft Dynamics 365 comes into play. It helps food and beverage manufacturers meet these challenges while meeting their optimal inventory levels, demand and quality control requirements.

Papermaking

Paper manufacturers also strive for excellence in all other areas. With this great platform, they can also streamline production, sales, inventory control, finance and delivery.

Process and Hybrid Manufacturing

Use Dynamics 365 to handle production and sales processes with integrated capabilities. It helps to better plan and manage production, accounting and sales.

Iron industry

To survive in the industry, steelmakers need to stay one step ahead of the competition.The industry is increasingly competitive as raw materials and suitable resources become scarce and manufacturing costs increase.

Whether you're running a startup or owning a large multinational corporation, it's important to have a 360-degree view of your business processes. Microsoft Dynamics 365 for Manufacturing gives you real-time visibility into all business operations from start to finish.

Key Features of Microsoft Manufacturing ERP Solutions

Let us examine the industry-specific key features of your ERP and CRM platform to maximize your business growth

♦ Supplied by an approved supplier, plus maintenance

♦ Multi-dimensional inventory capabilities

♦ The purchase price is subject to the actual effect

♦ End-to-end visibility

♦ Commodity price management

♦ Recipe management

♦ Product management

♦ Performance management

♦Identified stock and attribute price management

♦ Expired item management

♦Discount and trade promotion management

♦ Bulk order

♦ Container packaging

♦ Set up and maintain supplier batch details

♦ IoT Legacy

♦ Batch balancing of power formulas

♦ Consolidate orders

♦ Grab the weight

If you're ready to take the next step and wonder how to digitally transform your manufacturing operations. Connect with us and take the next step towards a more connected and efficient manufacturing business.

By Great Innovus

How does D365 Supply Chain Management support the manufacturing supply chain?

September 28, 2022 | Digital Transformation, manufacturing Industry, Microsoft Dynamic 365, Trends | No Comments

Supply chain management can prove complex and difficult to manage. Controlling supply chain efficiency is critical as interconnected enterprise networks need to be efficient to efficiently deliver products and services to customers professionally. With the help of the Microsoft Dynamics 365 Supply Chain Management Module (D365), companies can rest assured that managing their supply chain will become easier. The D365 helps manufacturers solve the problems they face today while preparing them for the opportunities of tomorrow.

Microsoft Dynamics Manufacturing Supply Chain Management helps in many ways, whether it’s workforce restructuring or Enterprise Resource Planning (ERP) modernization, as well as overcoming challenges by increasing transparency and gaining better insight into the supply chain processes, and even turning around supply chains by relying on circular supply chains chain and worship economy.

This blog covers three benefits of the Dynamics 365 manufacturing supply chain in more detail.

Streamline your Dynamics 365 supply chain management processes by modernizing ERP and workforce transformation

To date, streamlining your Dynamics 365 supply chain management processes by modernizing ERP and workforce transformation, but the pandemic has made it more difficult. Many have decided to step up their attempts to use technology to meet the challenges posed by persistent labor shortages.

Manufacturers are accelerating the transformation of workforce manufacturing activities, increasing the use of industrial robots, IoT sensors, Artificial Intelligence(AI) and intelligent automation.

As these companies build smarter, more connected factories, they effectively increase the productivity of their workforces, which is one way of easing the pressure on manufacturing from labor shortages.

Dynamics 365 supply chain management visibility and insight

As organizations continue to find ways out of the pandemic, many find that current supply chain management techniques are not suitable for an environment of constant disruption, restrictionand uncertainty.

Additionally, the successful implementation of AI-driven supply chain management resulted in a 15% reduction in logistics efficiency, a 35% reduction in inventory and a 65% reduction in service levels for early adopters compared to slower companies. mobile competitors. This has led to a surge in spending on advanced supply chain solutions that connect disparate systems, unify data, improve visibility into supply chain management functions, and leverage artificial intelligence to provide actionable intelligence for decision-makers.

Circular Economy and Reverse Supply Chain Management

Many companies are working to make our world more sustainable by pursuing environmental as well as social and governance goals.

The creation of circular economies is one method manufacturing companies are promoting sustainable practices. The concept of circularity commonly referred to as the circular economy is the outcome of supply chains being managed in reverse to address what happens to goods after their use-by date.

51% of supply chain professionals expect the circular economy to increase in importance in the next two years after the COVID-19 collapse.

With the growing focus on circular economy strategies, it is critical to recognize that managing manufacturing reverse supply chains requires different operational processes.

To put it another way, manufacturers cannot simply accept products that are no longer in their warehouses or factories. Given the complexity of products and recyclable raw materials, different operations are required to receive the product, inspect it, sort it, and then prepare the raw material so that it can be reused.

What's Next?

Great Innovus helps manufacturing companies transform their existing ERP platforms, dramatically improve supply chain visibility and insight, and promote a circular economy through reverse supply chain management practices. It also enables users to better plan, increase organizational agility, and maximize asset uptime, allowing businesses to operate smoothly and profitably.

Learn more about how we can help you implement Dynamics 365 Supply Chain Management for your business. If you are interested in learning more about Microsoft Dynamics 365 for Supply Chain Management, please contact us here.

By Great Innovus

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Category: manufacturing Industry