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June 9, 2020 - by Synoptek
Driving excellence in today’s hyper-competitive age requires manufacturers to have visibility across the entire supply chain, so they can spot anomalies, improve efficiency, reduce inventory costs, and enhance customer satisfaction. Dynamics 365 for Finance and Operations with built-in intelligence can help manufacturers get the insight they need into their supply chain operations and move from a reactive to a proactive mindset.
It can help them efficiently manage their supply chain across procurement and sourcing, production control, transportation and warehouse management, cost planning, and drive greater efficiencies through better processes and better tech utilization.
Dynamics 365 for Finance and Operations delivers organizations with a unified view of inventory, warehouse, manufacturing, service, and logistics. Predictive analytics helps turn data into insights, so organizations can make strategic decisions on when and what to replenish – so inventory levels are always maintained, shortages and avoided, and sales are not lost. Let’s explore how you can automate and streamline your supply chain with Dynamics 365 for Finance and Operations.
Dynamics 365 for Finance and Operations makes use of modern IoT and mixed reality technology to automate tasks, enable lean processes, and reduce downtime. It helps drive smart processes and operations while continually optimizing people, processes, and equipment. Using Dynamics 365 for Finance and Operations, manufacturers can optimize resource utilization across different workloads as well as track and manage workforce and tools.
By accounting for changing customer demand, material availability, and capacity constraints across multiple sites, they can perform production planning in real-time and improve on-time delivery of goods.
Having visibility in every aspect of the supply chain is a critical requirement. Dynamics 365 for Finance and Operations integrates processes from across the manufacturing organization and uses machine learning technology to unearth insights. Such insight helps in over (or under) stocking goods while always providing suggestions to optimize inventory management.
Using this data, manufacturers can effectively manage the capacity and consumption of your raw materials as well as ensure the seamless movement of finished goods. They can optimize warehouse space, get real-time visibility into warehouse processes, and simplify operations for workers.
Dynamics 365 for Finance and Operations also helps optimize production performance. Machine learning and data analytics technologies help manufacturers spot equipment issues before they occur, so they can take corrective action to prevent downtime and enhance machine throughput.
A real-time view of production processes helps increase uptime, yield, and quality by proactively managing shop floor and equipment operations. By using Dynamics 365 for Finance and Operations, manufacturers can drive efficiency across assets and processes, enhance workforce efficiency (and safety), and eliminate costly errors.
Achieving high throughput requires manufacturers to maximize the life of their assets. Dynamics 365 for Finance and Operations uses IoT and mixed reality technologies to predict equipment issues – thereby extending the life and performance of machines.
It uses real-time performance data to proactively perform asset maintenance, thereby increasing the overall equipment effectiveness of assets. It helps maximize the efficiency of high-value assets – even in the absence of skilled workers – so manufacturers can continue to drive maximum value from their existing equipment.
Dynamics 365 for Finance and Operations also helps in optimizing production planning as well as improving fulfillment, material sourcing, and logistics aspects of the supply chain. By integrating processes across logistics, inventory, production, warehouse, sales, and transportation management, manufacturers can manage contracts, onboard vendors, and enhance product delivery.
They can also keep up with changing customer demand by optimizing fulfillment, increasing product quality, and tweaking capacity to improve cash flow.
As customer demands surge and as competition gets intense, managing the supply chain has become a complicated endeavor for manufacturers. Today, supply chain management is not just about logistics; it is about embracing modern technological advancements to get end-to-end visibility into the supply chain organization, so manufacturers can make real-time, evidence-based decisions to drive greater efficiencies. By providing a single source of truth across production planning, warehouse, inventory, logistics, and transportation, it is all businesses need to boost supply chain efficiency, customer satisfaction, and business profitability.
Dynamics 365 for Finance and Operations offers manufacturers insights across their increasingly extended supply chains. Contact an expert at Synoptek.
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