Improve demand forecasting with Dynamics 365 and Rand Group
Businesses in any industry, such as retail, manufacturing, distribution, and services, need functionality to help them plan for demand and supply of products and services during the course of short or long-term operations. Dynamics 365 Supply Chain Management offers numerous tools to build forecasts and streamline planning, based on pre-determined factors, to efficiently plan what materials need to be purchased, transferred, or manufactured. Discover the possibilities for greater efficiency with Dynamics 365 delivered with customizations to your business by Rand Group.
Boost visibility of future demand with a cloud-based solution
Strong business decisions are based on the future and require a plan, and every plan needs a forecast. However, it remains challenging for many businesses to forecast demand accurately without a connected solution. Cloud-based Dynamics 365 Supply Chain Management includes a built-in demand forecasting module that leverages machine learning and AI-driven insights to improve your businesses’ ability to produce accurate forecasts. By integrating demand forecasting across the supply chain, sales, and operations planning, organizations can avoid overstocking, increase inventory turns, and improve cash-to-cash cycle times while simultaneously ensuring high levels of on-time delivery to customers.
Rand Group is your certified Microsoft gold partner to implement and tailor cloud-based Dynamics 365 Supply Chain Management and its procurement module based on your unique processes. The solution accelerates the digital transformation of your purchasing processes by improving communication across the supply chain while optimizing the cost and quality of material and service spend.
Minimize excess and aged inventory
Use accurate demand forecasts to reduce the accumulation of unwanted inventory and avoid supply disruptions, resulting in lower cost, improved customer service levels, and more sales. Boost inventory turns by right-sizing inventory levels based on changing demand and capacity constraints.
Improve forecasts with collaboration and data
Utilize various statistical methods to create a baseline demand forecast based on historical data for warehouses, customer groups, items, customer accounts, countries, regions, and states. Infuse your planning with supply chain, sales, and marketing pipeline data to strengthen demand forecasting.
Optimize production planning and maximize capacity utilization
Strategically allocate resources, such as workers, machines, work centers, and plants, to reduce downtime and speed delivery. Lower run times from hours to minutes by incorporating near real-time insights into changes on the supply side, as well as with existing orders.
Demand forecasting capabilities with Dynamics 365 and Rand Group
Streamline demand forecasting by connecting disparate data sources and creating a collaborative platform for leveraging advanced insights with Dynamics 365 delivered by Rand Group. Dynamics 365 Supply Chain Management is an intelligent solution that automates and optimizes all aspects of the supply chain from production to transportation through AI, machine learning, and mixed reality.
Demand forecasting features included in Dynamics 365 that Rand Group will tailor to your specific supply chain operations include:
- Historical demand data access with AI predictions powered by Azure machine learning
- Automatic replenishment of high-demand items based on order priorities, current stock levels, and projected inventory
- Complete material requirements and resource planning capabilities
- Ability to create intelligent, data-driven forecasts, and create measurements of forecast accuracy
Discover other business solutions offered by Rand Group
Rand Group offers numerous Microsoft-powered solutions for supply chain optimization that we tailor to each client to transform your operations. Our team of software engineers will ensure your solution integrates with the rest of your technology stack and can accommodate unique processes and facilitate data flows. Explore other solutions below to compliment demand forecasting.
Purchasing
Streamline procurement operations with a solution that includes workflows for purchase requisitions, RFQs, and trade agreements, plus realize maximum cost savings by automatically applying negotiated pricing policies. Build redundancy in supplier networks and improve vendor collaboration with Rand Group’s procurement solution.
Product Information Management
Manage all information and processes related to your products from the beginning of its lifecycle to its end across supply chains networks. With a product information management solution, unify processes for faster decision-making, reduce the time from innovation to launch, and enforce product compliance.
Dynamics 365 Supply Chain Management
Dynamics 365 Supply Chain Management is an intelligent solution that automates and optimizes all aspects of the supply chain from production to transportation through AI, machine learning, and mixed reality.
Related Insights
Why use an engineering change order
Explore the reasons manufacturers use ECO’s, the problems manufacturers face when trying to initiate and manage ECO’s through home-grown or disparate manual systems, and how a manufacturer can leverage new technologies to better enable their ECO process and experience a real competitive advantage.
Let Dynamics 365 improve your inventory management
Strategic inventory management is key to the success of any business. As a placeholder for cash, it either represents profit for your business, or it sits in a warehouse costing valuable resources to maintain. Inventory management goes beyond checking an itemized list from time to time.
How to track project costs with Microsoft Dynamics AX
An integrated project management solution like Microsoft Dynamics AX will help you properly predict the scope of a project, manage the scheduling of resources, and track all costs coming in and going out. In one flexible system, you can set project milestones, manage tasks or activities, apply and manage budgets, and recognize revenue across multiple projects.
Let’s talk about how we can transform your business
