The Covid-19 pandemic has severely affected businesses over the past 18 months, particularly 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 caused inconsistent visibility, scheduling delays, and also increased vendor lead times during the pandemic. In addition, the fluctuating cost of materials has changed dramatically, while competition from e-commerce chains such as Amazon has made competition difficult. This has changed the way companies manage their warehouses as they look to keep up with the competition. Customers also expect real-time communication and instant access to information which makes visibility into sales lines critical.
To overcome these new challenges in distribution, customers are looking for a comprehensive solution to their technology needs. Dynamics 365 Business Central contains vendor points and cost received features to help resolve supply chain issues. Ecommerce integration within Business Central such as Shopify makes it easier for businesses to compete with plugs right out of the box. In addition, the use of features such as Dynamics 365 for Sales & Customer Engagement is becoming more integrated for distribution companies, and additional solutions such as Jet Reports allow companies to seamlessly generate real-time financial reports.
The manufacturing industry is also facing similar challenges due to the Covid-19 pandemic. The prices of commodities such as wood and metals have increased significantly and fluctuate daily. Additionally, stock availability and shipping charges are constantly changing. Back-order management has become critical to the supply chain for manufacturing companies.
Dynamics 365 Business Central’s diversified offering of solutions can overcome these new challenges by utilizing production order costing, visual production scheduling, MRP/planning worksheets, and automatic back-order allocation. Planning worksheets have become vital in allowing manufacturing companies to automate this process. Reporting solution such as Jet Reports and Power BI are critical to manufacturing and distribution companies. We offer a reporting package that includes the most complete (80+) reports a company could need. (https://www.websan.com/images/Implementation/Business-Central-Implementation-Reports.pdf)
Understanding the correct approach to resolving these issues is essential. Companies can now adapt and compete in this new challenging business landscape by making appropriate changes to their ERP system. WebSan Solutions Inc. With the experience and understanding to help your company navigate these new challenges and help grow your business. Contact us at [email protected] To find out how we can improve your productivity and enable the growth of your company.