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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.

Enterprise Resource Planning is a business process management software used to manage and integrate day-to-day business activities such as finance, procurement, production, projects, human resources and other activities. It provides accurate, real-time information to help stakeholders make informed business decisions based on the data generated. A good ERP system deduplicates data and ensures data integrity by collecting a company's joint transaction data from multiple sources. Businesses can customize their needs while choosing from a variety of ERP software before choosing the best ERP software for their business.

Why is ERP important to your company/organization?
Have you ever wondered why so many companies are looking for enterprise resource planning solutions? What do you need them for? According to current statistics, 81% of enterprises are introducing or have successfully introduced ERP. They won't even consider implementing enterprise resource planning software if the system isn't good for their business. Let's take a closer look at the benefits of an ERP system for your business.

Optimize efficiency:
Enterprise resource planning systems simplify various business processes that require a lot of time and effort to be done manually. Organizations can now complete repetitive tasks such as B. tracking inventory, assigning employee tasks, monitoring hours worked, assigning salaries, and automatically generating financial reports.

By automating complex processes, your employees can focus more on their core activities without interrupting each other. For example, a marketing team can generate daily web traffic data without requesting it from an IT team, or an accounting team can generate sales-related reports without relying on a sales manager.

ERP systems also provide quick data access for the company's managers and stakeholders. Through the dashboard, decision makers can monitor key performance indicators across the organization. All the data you need can be generated in real-time.

Increase teamwork:
Cross-departmental collaboration is a vital and often essential part of a business. ERP systems break down barriers between company departments. By storing data in a centralized and consistent ERP software, one department can access data from other departments. SaaS or cloud-based ERP can extend collaboration between existing teams across multiple offices in different locations over the Internet.

Reduce operating costs:
ERP systems can also help companies save on operating costs. Since most operational activities are automated, disruptions, delays, and failures of all kinds can reasonably beexpected. Complex jobs can be completed faster with shorter lead times. Businesses can also reduce their workload as ERP solutions take over a variety of day-to-day tasks.

Improve data security:
ERP solutions have firewalls and throttling controls to prevent data leakage. The system centralizes all data in one point, making it easy to monitor access points. Administrators responsible for managing company data can grant employees limited access. For example, HR managers can hide some key data from only themselves and other stakeholders, while granting employees access to their financial data.

Administrators can also quickly disable access for fired employees and grant new access. The ERP solution also displays user activity, allowing administrators to quickly identify patterns of unauthorized actions or suspicious activity in the system.

Create realistic and accurate forecasts:
One of the most important things for business progress is to make accurate forecasts. Stakeholders rely on reports to make predictions that ultimately inform their decisions.

Therefore, companies need to receive complete and consistent reports in real-time, which can be achieved with comprehensive ERP software.

ERP reporting tools use sophisticated filters and analysis to filter out inconsistencies in the data. The system also ensures that the acquired data is produced in real-time. Accurate business reporting helps stakeholders make the best decisions for their business.

What industries can benefit from ERP?
While ERP was previously limited to manufacturing, the software has now expanded into various other sectors such as services, education, retail and wholesale, real estate, food and beverage, healthcare and even government.

Every organization manages employees, buys products or services, sells or distributes something, and manages finances. Integrated ERP software will enable companies across industries to integrate and manage these essential functions.

Next Steps in ERP Software Selection

To take full advantage of ERP, The system should be precisely tailored to the needs of the company. when ready to use System or custom, tailored to business needs and practices vital to success. Every company must be willing to take the time to ensure this ERP system has all the features it needs and none that it doesn't. Otherwise, ERP is Not a wise investment.

That Software helps simplify complex operations, increasing and decreasing efficiency costs and optimizing your company's productivity. It applies to companies of Various sizes; small, medium, and large.

If you are not sure what features you need for the ERP system, don't hesitate to discuss with the right ERP solution provider. Great Innovus offers free advice to seekers implementing automation solutions to streamline their business operations. Click here