The Covid-19 pandemic has dramatically affected businesses over the past 18 months, especially in the distribution and manufacturing industry. A number of these unprecedented challenges include supply chain issues, fluctuating costs, and commodity pricing.
In the distribution industry, supply chain uncertainties have cause inconsistent visibility, scheduling delays, and vendor lead times have also increased during the pandemic. In addition, the fluctuating cost of materials has dramatically changed, whereas competition from e-commerce chains such as Amazon has made it hard to compete. This has changed the way companies manage their warehouse as they look to keep up with the competition. Customers are also expecting real-time communication and instant access to information which makes sales pipeline visibility critical.
To overcome these new challenges in distribution, customers are looking for an all-in-one solution for their technology needs. Dynamics 365 Business Central has vendor scoring and landed cost features to help resolve supply chain issues. E-commerce integrations within Business Central such as Shopify make it easier for companies to compete with plugs-ins right out of the box. In addition, using features such as Dynamics 365 for Sales & Customer Engagement has become even more integral for distribution companies, and add-on solutions such as Jet Reports allow companies to generate real-time financial reports seamlessly.
The manufacturing industry also has similar challenges due to the Covid-19 pandemic. The prices of commodities such as wood and metal have gone up significantly and are fluctuating daily. In addition, the availability of inventory and freight charges are constantly changing. Managing backorders have also become critical to the supply chain for manufacturing companies.
A diverse offering of solutions from Dynamics 365 Business Central can overcome these new challenges by utilizing production order costing, visual production scheduling, MRP/planning worksheets, and automatic backorder allocation. Planning worksheets have become vital in allowing manufacturing companies to automate that process. A reporting solution such as Jet Reports and Power BI has been critical for manufacturing and distribution companies. We offer a reporting package that includes the most integral reports (80+) a business would need. (https://www.websan.com/images/Implementation/Business-Central-Implementation-Reports.pdf)
This webinar is a continuation of the Dynamics 365 Business Central Manufacturing series. In Part 6, we will discuss how to process subcontract work in Dynamics 365 Business Central from setup until the work is finished. The webinar will also focus on the following:
• Overview of the subcontracting process in Business Central
• How to assign a subcontractor work center to a routing operation
• How to use the subcontracting worksheet to issue purchase orders to subcontractors
• How to review subcontracting ledger entries
Date: Wednesday July 31, 2019
Time: 2:00PM - 3:00PM
In order to use the manufacturing module, you need to a Business Central premium license. The manufacturing module will help shorten the time it takes to create BOMs, routings, work centers, and machine centers. In this new era of digital manufacturing, it forces businesses to work quicker and smarter to beat out the competition. By utilizing this module in Business Central your company gains the competitive advantage of creating more goods in a more efficient manner.
1. Managing Inventory
When using the manufacturing module in Business Central, your company will be able to better manage inventory. Within seconds, a list can be displayed with all the different items that are in stock. It will show whether the item is currently in stock, how many are on hand and how many are on order.
2. Integrate Your Business Processes
One of the biggest benefits of using the manufacturing module is having all the data in one place. Production managers can make updates instantly to keep the system up-to-date with all its inventory. Users working in the front and in the back office will have access to the same information creating a more harmonized work dynamic.
3. Unify Production Data
Another one of the biggest benefits of using the manufacturing module in Business Central is analytics. This goes beyond just knowing what is in stock and what needs to order but analyzing trends within your business. Such trends can be spotted in the supply chain, production process, inventory management, sales, profit margins, and even customer behavior.
4. Improved Product Quality
The customer’s expectations for product quality is higher than it has ever been before. Using the manufacturing module will make it easier for production managers to meet these growing standards. Having a system in place that provides traceability and tracking enables a company to monitor the quality status of all its centers and products. This will provide real-time reports on machines, components, stations, shifts, and even operators that were involved in the production. Production Managers can then ensure only the best quality products are being sent out to customers.
5. Decreased Production Time
Innovative businesses who use the manufacturing module in Business Central can optimize assembly time. The module will make a more efficient process by decreasing the overall creation time and cost of each product. Tools are available to take a customer’s order on-the-spot and list any alterations that need to be made. Once the production manager receives this order it can be finalized and then sent into production. There is no need for days or weeks of back and forth emails which can delay the cycle time of an item. By lessening the time-to-market process, companies can save time and money and allocate these resources elsewhere.
Being able to manage inventory, collect data, improve product quality, and decrease production time creates a stronger competitive advantage. Want to learn more about the manufacturing module for Microsoft Dynamics 365 Business Central? Click Here to register for our Business Central manufacturing courses at WebSan University for free and learn about all the different modules available to create a successful production.
Dynamics 365 Business Central Manufacturing Series Part II: Manufacturing Orders.
This new Manufacturing Webinar Series will provide you with an in-depth view of the extensive functionality contained within the Microsoft Dynamics 365 Business Central Manufacturing Module. Besides learning the functionality, you will also learn tips and techniques that will help make your implementation successful.
Topics of focus include:
•Routings and BOMs
•Production Orders and Statuses
•Produce Finished Products
•Reporting for Variance Analysis
•Consume Components and Charge Labour to Production (Data Collection)
Date: Wednesday March 27, 2019
Time: 2:00PM EST – 3:00PM EST