Benefits Of Dynamics Nav Implementation For Manufacturing Companies}

Submitted by: Alvares Crown

Manufacturing companies all across the globe, regardless of what products they manufactures and the size of their organization face constant challenges of adapting themselves with the new technologies and reducing the product cost, without adversely affecting the quality of the product. Many companies are even required to cut down their product cost, and still improve the quality of their produce. Improved product quality leads to higher customer satisfaction and greater demand, while lower cost increases the capacity of the customers to buy the products, and increase the profits.

However, striking a balance between the two (i.e. minimizing cost and maximizing quality) is very difficult, as more often than not, cost of production and quality of the product are directly proportional to each other. The balancing act gets even more difficult in today’s highly competitive market, where many local and overseas companies are available. In such circumstances, an efficient and effective Enterprise Resource Planning (ERP) tool like Microsoft Dynamics NAV can be of immense advantage.

To, understand this better, let us discuss a few key benefits of Dynamics NAV implementation for manufacturing companies:

Automates processes: NAV is a great tool for automating processes; with its help manufacturers can easily automate their key business processes. Automating helps in streamlining business operations, plugs in the loopholes, increases productivity and reduces losses, which help in reducing the overall cost of production.

Quick data access: NAV implementation eliminates the need of manual bookkeeping. With its robust reporting & business intelligence abilities, manufacturers can get real-time access to critical data in almost any format. The real-time availability of data, helps the business owner in taking prudent decisions for their business, quickly.

Demand Forecasting: As discussed above, NAV implementation helps in getting quicker access to vital business data and stats. As such it helps in better analysis, which helps business owners in predicting product demand, and adjusting the production accordingly.

Enhanced data sharing: Implementing Dynamics NAV helps in improving the data sharing abilities of the company, enabling it to improve its manufacturing processes many folds. The data sharing capabilities include issuing shipping notices to its partners, quick communication of fluctuation in the product demand, and much more. With better data sharing, manufacturers can easily adjust their production with any changes in the requisites of its partners.

Absolute fulfillment: Demand fulfillment can get very cumbersome in today’s highly competitive business environment. With the help of advanced warehouse management functionality of Dynamics NAV, users easily handle any high or low volume of product demand, and achieve complete fulfillment of their customers’ orders.

Making quick adjustments: No business today is static; the ever intensifying dynamics of today’s businesses makes it very important for the manufacturers to make quick adjustments in their operations to respond to the changes. Some triggers of such changes can be entry of new players in the existing market, company’s expansion into new markets, etc. By implementing NAV and properly customizing its with their enterprise, manufacturers can make their business agile, so that they can make the most of the opportunities at hand.

About the Author: MetaOption LLC offers the Dynamics NAV software package as part of its Microsoft product service. We are a Certified Microsoft Gold Partners and have a qualified team of Microsoft Dynamics NAV Developers and NAV Consultants who will assist you in setting up an ERP system that will enable your company to streamline business processes for optimum results. Try our best services at:

metaoption.com/Services/Dynamics-NAV.aspx

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