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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.

Microsoft Dynamics 365 Finance and Operations is a cloud-based ERP system focused on managing all finances and inventory, designed for large companies.

Why choose Dynamics 365 Finance and Operations?
Research leaders predict that the ERP market is expected to grow steadily as systems now focus less on on-premises solutions and more on cloud platforms, artificial intelligence (AI), and the Internet of Things. While the market share of ERP is undoubtedly on the rise, there is a lot of debate as to which ERP has the largest market share and is therefore the market leader. Some of the major players in cloud ERP solutions, such as Microsoft Dynamics 365 Finance and Operations, Epicor, SAP and Oracle, are going all out to win the competition for your business.

If you're new to using cloud-based ERP, here's how it can help your business

* Improve competitiveness
* Improve operational processes
* Participate in organizational activities
* Help manage resources efficiently

Dynamics 365 Finance and Operations (F&O)
Microsoft Dynamics 365 Finance and Operations is a cloud-based ERP system focused on managing all finances and inventory, designed for large companies. It's a complete set of visionary tools that provide complete transparency and insight into your business. Since its release in 2016, Dynamics 365 for Finance & Operations has continued to evolve alongside the entire suite of Dynamics 365 applications.

Dynamics 365 Finance and Operations comes with two different license options:

* Dynamics 365 Finance (for budgeting, finance, accounting and project management)
* Dynamics 365 supply chain management (for design, manufacturing, warehousing and distribution)

Licensing options can help you select and set user access rights based on business processes. It can give you a competitive edge with a modern ERP with a new user interface, new features and integrations. No matter what industry you're in, Microsoft Dynamics 365 Finance and Operations is one of the best solutions your business could possibly need.

As a major competitor in the ERP market, Dynamics 365 for Finance & Operations promises to reduce costs and simplify setup. In addition, it connects seamlessly with a variety of other Microsoft business applications. One of the main benefits of Dynamics 365 is also user training.While every ERP system requires training, Dynamics 365 for F&O has a relatively short learning curve. It has some of the best features to manage your account and works like a dream. According to Forrester, organizations that create a data-driven culture have seen a three-year ROI of 366 percent in Microsoft business intelligence.

Dynamics 365 Finance and Operations at the forefront of the growing ERP market:
Microsoft's Dynamics 365 for Finance and Operations product leads the 2020 ERP Technology Value Matrix. No matter the industry, Microsoft Dynamics 365 provides financial, manufacturing, logistics, supply chain, and regulatory compliance capabilities.

However, the future trends of ERP systems play a unique role in today's growing market trends and demands. Relentless development efforts and significant investments in the Dynamics 365 application suite, including blockbuster acquisitions, have made Microsoft a leading provider of cloud applications.

Microsoft Dynamics 365 was released in a short time and climbed the market share rankings, quickly surpassing Salesforce and Oracle. This certainly makes it clear that future Microsoft Dynamics 365 projects will include more intelligence and cognitive services, proactive use of data to transform your business, and digitally future-proof your business.

How can Dynamics 365 Finance and Operations help your business?
Microsoft Dynamics 365 supports the digital transformation of many companies and industries. Here are some key advantages that prove that Microsoft Dynamics 365 definitely has a competitive advantage over other ERPs on the market.

Financial and Operational Benefits of D365

Reduce costs: It combines your company's expenses and IT perks to create an intelligent cost management program.

Flexibility: Dynamics 365 Finance and Operations applications give you complete freedom to customize and develop on any platform.

Deep-rooted integrations: Dynamics 365 provides deep-rooted CRM, BI, and other third-party integrations to keep your entire organization in sync.

Built-in analytics: Dynamics 365 has built-in analytics mechanisms to help you make better decisions faster.

Azure AI: The availability of intelligent Azure AI provides accurate predictions, tells you what's likely to happen, and provides predictions and recommendations.

Use Dynamics 365 Finance and Operations for your business!
Dynamics 365 F&O has much more than what we reviewed today. If you're evaluating ERP for your company, Dynamics 365 F&O should be at the top of your list. With its advanced features and wide range of benefits, it may be the best decision you can make to help your business succeed.

Great Innovus helps you identify, analyze and figure out the right strategy for a successful implementation of Dynamics 365 Finance and Operations.

Our Microsoft-certified experts can help you learn more about what's possible with Dynamics 365 Finance and Operations and help you identify the right strategy for success. Schedule a call with our experts today!

Microsoft Dynamics 365 Business Central has proven to be the most reliable and consistent ERP software on the market. This powerful all-in-one solution helps you with financial management, project management, operations management, financial reporting, supply chain management and corporate governance while being simple, intuitive and customizable. If you run a small to medium business, are in charge of IT solutions for a mid-sized business, or are just looking for the best management tools available, look no further.

User-friendly and familiar interface
Microsoft Dynamics 365 Business Central has an easy-to-use interface similar to most accounting applications. This means you don't have to waste time teaching your employees how to use the app, they can start using it as soon as your company implements Dynamics 365 Business Central.

Extension-based development 
The model is based on a series of upgrades to the Microsoft Dynamics NAV/365 platform. The creation of extensions is the most important feature of the availability of Microsoft Dynamics 365 Business Central in the SaaS model. This improves the performance and scalability of Dynamics NAV / Business Central.

Risk reduction ratio
Trust is paramount when looking for an accounting solution for your business. Perhaps the most trusted brand in the world is Microsoft. So when you use Microsoft Dynamics 365 Business Central, you can rest assured that you will receive world class security, support, and maintenance.

Flexible deployment modes
Dynamics 365 Business Central is available for on-premises and cloud deployments. The solution can also be customized in terms of deployment technology to meet business needs.

The market's finest native integration is provided by ERP software
The natural integration of this software solution is one of its main benefits. You can utilise any tool or app with any other tool or app with ease. This is a workflow masterclass. This is the tool you need if agility is what you're after.

Agile and efficient
The software brings all data and processes together, helping organizations break down barriers between critical business platforms and increase employee productivity because they have all the insights they need to make the best decisions.

Smart Security
It is a cloud-based system that provides strong security for your physical data center, network connectivity, service hosting platform, and user and admin panels.

Boost your business growth
With Microsoft Dynamics 365 Business Central, you can easily integrate new processes and other business areas to re-scale and meet larger demands without compromising business performance and results. Simply because Dynamics 365 Business Central supports the business without burdening the IT budget.

Want to see Dynamics 365 Business Central in action?
Great Innovus is one of India's experienced Microsoft Dynamics partners for Dynamics NAV / D365 Business Central, providing ERP consulting to businesses of all types and industries for over 5 years. We'd love to show you what's possible with Business Central. If you're looking for a partner who can analyze your needs and help you determine the best ERP for you,  we're here to help.

Check out our company's Center Of Excellence and if you have any questions please contact us at [email protected].

There are many differences between ERP systems and standalone accounting software. However, despite these differences, there are still misconceptions that lead many to use the terms interchangeably. This is the first step in deciding on management software.

While there is some overlap, the main difference is the number of features provided by each solution. Accounting software provides financial control for your business through accounts payable, accounts receivable, general ledger with reporting, and payroll. ERP software provides several modules that include the accounting functions mentioned above, as well as applications such as supply chain management, inventory management, human resource management, and e-commerce.

Accounting software

Accounting software is more specific in features and types, Produce required financial reports such as Income and Balance Sheets including Accounts Receivable/Accounts, Journals and General Ledger. Due to this limited focus, accounting software cannot achieve the same level of integration as ERP accounting software.

ERP Software

Most ERP products offered today come with accounting software as an entry-level (office) package called an ERP accounting system. As your business grows and the need to automate more complex data recording and reporting processes increases, you can add process-specific components. This is how accounting software can become an ERP.

For example, a typical accounting package provides financial management, planning, and budgeting functions as a base package.

The same box can also be integrated into other business processes. Project and Supply Chain Management, Reporting and Analysis, and Human Resources Management.

Let’s take a closer look at the differences between accounting software and ERP:

As the world becomes more complex, lead times are getting shorter, customer expectations for product personalization are increasing, and more data is being managed than ever before, software support for the operational efficiency of core business processes is critical. will be Companies also need the right skills to meet the dynamic demands and challenges of their particular industry. The terms accounting software and her ERP software are erroneously used interchangeably. In fact, accounting and financial reporting software is a subset of ERP systems. It's important to understand the difference.

ERP vs Accounting Software

The basic difference between the two terms is that accounting software often helps to cover areas like banking; liabilities, accounts receivable; financial reporting and some basic sales records. However, ERP software also includes the basic functions of accounting as well as some additional functions for managing logistics demand, supply chain, warehousing, inventory, e-commerce and contact management. ERP can be better defined as a fully integrated tool with an end-to-end business solution.In other words, accounting functions are a subset of ERP software.

❖ While the best free accounting software manages business accounts or how your money flows, ERP is business software that helps you track inventory management, tangible and intangible assets, invoicing, order fulfillment, order costs, and more. In accounting, you deal with the general ledger, accounts receivable and payable, payroll, expenses, and more. But Enterprise Resource Planners (ERPs) help manage unaddressed issues in accounting. 

❖ ERP and accounting software generally differ significantly in software cost of ownership. While accounting software is generally inexpensive, accounting software is easily affordable for small businesses. Even for medium to large companies, the cost of implementing and maintaining an ERP can be very high. 

❖ Another key difference is the human effort required to manage the software. And accounting software can be managed entirely by small business owners. Maintaining an ERP system requires a team of professionals to keep it running. Even with ERP software, the learning curve is often steep.

 ❖ Accounting software has limited or basic inventory tracking and web-based add-ons. On the other hand, ERP systems are flexible enough to free users from the constraints of accounting software. It also allows you to improve the accuracy and customer service of
your business. At the same time, ERP can help you reduce warehousing costs, inventory write-offs and labor costs. 

❖ ERP can help you plan the resources needed by your business, such as the number of raw materials required for the production process, and can also help manage highly complex production lines, but accounting software lacks such capabilities. While both are
important to your business in their own way, ERP is more flexible than accounting software, allowing you to manage different tasks more easily. It all depends on your business needs and the size of your business

Key ERP benefits of implementing such software:

1. Centralized IT costs:

Unify IT costs and increase efficiency instead of spending resources on multiple systems.

2. Overall Visibility:

Gain complete visibility into all critical processes in your organization by making data easily accessible.

3. Plan ahead and report:

Using the same ERP suite across all departments means your organization has a unified reporting system for every process.

4. Full customization:

Many ERP vendors offer multiple applications that can be implemented together based on business needs. Improve efficiency.

6. Reduce IT and training costs, time and effort:

A properly implemented ERP can significantly reduce or eliminate repetitive manual processes.

7. Customer Service:

By centralizing and simplifying customer information, your sales team can focus on building and nurturing customer relationships instead of managing spreadsheets.

8. Data security and quality:

One of the foremost necessary benefits of ERP system is data security. After all, data is at the heart of each ERP concept. 

A single repository of information helps improve the accuracy, consistency and security of enterprise data. 

ERP allows for greater integration of business operations into a single system, including aspects of inventory and warehouse management, customer relationship management, supply chain, and more. All of these aspects are currently not possible with stand-alone accounting solutions. It's time to start looking for an all-in-one ERP solution

Why Microsoft Dynamics 365 Business Central is a perfect fit for ERP
for SMEs?

Dynamics 365 Business Central has important capabilities across various platforms. This comprehensive management solution integrates all aspects of enterprise management and implementation on one platform, seamlessly connecting mobile and desktop
devices.

Add-ons for Microsoft Dynamics 365 Business Central are now available to meet the specific needs of all types of companies and industries. It can be used in any operation, from production management to retail and service.

Microsoft Dynamics 365 is the perfect solution for small and medium businesses. The tools, functions, and features provided by the platform are intuitive and meet business needs. Small businesses get the perfect help to achieve their business goals.

If you're interested in learning more about the potential benefits an ERP system could bring to your business, feel free to contact us