Enhance inventory management with Dynamics 365
Inventory mismanagement can play a huge role in why businesses fail because inventory is often one of the largest assets a company owns. Having too little stock on hand can result in stockouts and customer dissatisfaction while having too much stock on hand is costly and can lead to waste. Dynamics 365 delivered by Rand Group includes powerful inventory management capabilities that help you optimize your inventory levels, increase profitability, and exceed customer expectations.
Automate inventory management, reduce costs, and boost profitability
Strategically managing inventory is a complex task that demands unique and detailed processes. However, many organizations rely on spreadsheets to track inventory, forecast demand, and calculate important planning parameters such as reorder points, order quantities, and safety stock levels. Automate these important processes with Dynamics 365 and powerful inventory management capabilities. Access to real-time data on inventory conditions gives you the insights you need to respond to changing market demands by making intelligent, data-driven decisions.
Rand Group understands the complexities of inventory management and offers tested software solutions to optimize your inventory so you can experience stock level accuracy, effective demand forecasting, optimal replenishment cycles, accurate financial reporting, lower operating costs, and achieve higher customer service targets. Our team of software engineers and industry experts will implement the inventory management solution, tailor it to your unique business processes, integrate it with the rest of your technology stack, and train your users for long-term success.
Inventory optimization
Seamlessly prioritize stock items based on value and pick frequency to increase operational efficiency, meet service levels, and free up working capital. Balance inventory holding costs with your customer service levels by optimizing safety stock levels continuously for all items.
Automatic replenishment
Optimize your replenishment cycles using demand-based replenishment features that leverage demand-based replenishment features to manage item reorder points. Automatically calculate reorder points, generate order proposals, and send alerts to the purchasing manager to maintain preferred stock levels and avoid stock outs.
Multi-location management
Easily manage multiple stock locations to unlock a single, real-time view of inventory across all locations and sales channels. With visibility into stock across all your locations, you can seamlessly transfer inventory between locations as necessary and set predefined fulfillment rules to eliminate multiple shipments for single order.
Inventory management solution capabilities
Microsoft Dynamics 365 delivered by Rand Group leverages powerful inventory management capabilities to seamlessly track, manage, and organize inventory levels so you can minimize costs, maximize productivity, and enhance profitability.
With an inventory management solution from Rand Group, you can:
- Manage inventory across multiple locations with ease
- Track incoming and outgoing shipments
- Optimize inventory levels and minimize stockouts
- Reduce shipping costs due to unplanned replenishment
- Automate key processes including warehouse replenishment
- Analyze customer buying trends for demand planning and forecasting
Discover other solutions delivered by Rand Group
Rand Group offers numerous solutions across business areas and industries that we tailored to your business 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 complement inventory management.
Barcoding and Scanning
Use a powerful barcoding and scanning system to improve warehouse accuracy and boost efficiency. Easily track and manage the transfer of goods and automatically update inventory to ensure you always have access to accurate and up-to-date information. Barcodes and scanners can be used to enhance your inventory management, asset tracking, and invoicing processes.
Pick and Put Away
Unlock receiving department and order fulfillment efficiencies with a pick and put away solution from Rand Group. From receipt verification to picking, packing, and shipping, a warehouse management solution can streamline pick and put away processes to help you minimize losses of time and material to boost profitability.
Equipment Management
Explore equipment management solutions by Rand Group to track your equipment, cut down repair costs, and minimize downtime. From predictive maintenance to equipment rental and fleet tracking, our solutions ensure seamless equipment management workflows.
Related Insights
How warehouse automation can transform your business
A warehouse management system can help distributors and logistics companies promote, improve, and ensure operational excellence. Dynamics 365 automates warehouse operations from pick, pack, and ship processes to inventory replenishment that will reduce the workload of warehouse staff, greatly increasing productivity and accuracy.
How to perform inventory reconciliation in Business Central
Accounting and finance professionals know the General Ledger (G/L) should match the Inventory Subledger at all times however, there are instances when the two can get out of sync and need to be reconciled. There are many reasons why there could be a difference between the numbers, and it’s important that you take the proper steps to identify why.
How to perform inventory cycle counting in Dynamics 365 Finance and Operations
Inventory is an essential part of many company’s day-to-day operations and is one of the major drivers of revenue, costs, and future planning decisions. You cannot sell what you don’t have and as such, it is essential to maintain accurate inventory counts.
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