Despite the increased complexity, the pressure remains to maintain fast delivery lead times to customers who want to receive their products worldwide and on schedule.
To help ensure you have the right inventory at the right time at the right place around the world—and help eliminate overstock and stock-outs—your company needs to optimize its supply chain and increase inventory turns. And thus, increase cash flow and reduce costs.
Your supply chain managers should also have detailed risk management plans in place, since they are at greater risk of being affected by global events.
What is supply chain management?
Supply chain management (SCM) helps product-based businesses better control the flow of goods and services, encompassing everything from logistics, to product development and production, to SCM software and systems.
Dynamics 365 Supply Chain Management empowers employees and organizations with the ability to obtain a unified view of inventory, warehouse, manufacturing, service, and logistics with predictive analytics that turn data into insights to support better strategic decisions.
Benefits of Supply Chain Management
Supply Chain Management enables organizations to run smarter with connected operations and to perform the following tasks:
Create an ideal manufacturing mix from discrete, lean, and process in a single, unified solution to support processes across the supply chain.
Optimize manufacturing parameters for each product family, including make to stock, make to order, pull to order, configure to order, and engineer to order.
Streamline scheduling with real-time visibility into resources by using a unified resource model and scheduling engine by using the Financial management module in Supply Chain Management.
Optimize the flow of manufacturing material and finished goods with advanced warehouse and logistics management.
Improve product quality by identifying and resolving issues through real-time insights and predictive intelligence.
Automate and streamline your supply chain Supply Chain Management helps organizations optimize fulfillment and reduce costs by synchronizing logistics across sites, warehouses, and transportation modes. Additionally, it enables organizations to provide faster response to customer demand by automating a seamless coordination of an order-to-cash processes. Throughout the operations, Supply Chain Management provides visibility and control across all sites and warehouses for proactive response to issues by using financial analysis capabilities. By unifying processes from sales to fulfillment, Supply Chain Management seamlessly connects sales and purchasing with logistics, production, and warehouse management for a 360-degree view of an organization’s supply chain. It reduces procurement costs and gains greater control by automating procure-to-pay processes.
Three challenges of supply chain management Globalization Despite the increased complexity, the pressure remains to maintain fast delivery lead times to customers who want to receive their products worldwide and on schedule. To help ensure you have the right inventory at the right time at the right place around the world—and help eliminate overstock and stockouts—your company needs to optimize its supply chain and increase inventory turns. And thus, increase cash flow and reduce costs. Your supply chain managers should also have detailed risk management plans in place, since they are at greater risk of being affected by global events. Fast-changing markets Another challenge is the rapidly-changing preferences of your customers. You’re under pressure to keep up with the latest trends and introduce new, innovative products, while still keeping your total manufacturing costs down. These fast-changing market demands lead to shorter product life cycles and a need for constant innovation. In addition, the pressure is on to regularly and rapidly update existing products with new features. All of these trends require your business to have a flexible supply chain that can adapt well to fluctuating demand and production needs. Compliance Finally, in addition to addressing globalization and rapidly-changing customer trends, you also need to produce safe, high-quality products that clear a host of regulatory hurdles before they make it to market. You need to ensure that your products comply with various regional, national, and international regulatory standards in the manufacturing, packaging, handling, and shipping of your products. These include safety laws, environmental protection laws, with inclusivity and accessibility guidelines. To meet these requirements, you’ll need to pass a variety of quality control and safety tests, and complete numerous compliance documents such as permits, licenses, and certification. All of this can quickly overwhelm your supply chain management system.
Streamline your supply chain with Dynamics 365
Get all the advantages of an SCM software solution with Dynamics 365 Supply Chain Management. Learn how it can help solve your supply chain challenges while maximizing operational efficiency, product quality, and profitability.
Technology Solutions Worldwide is a global organization that is focused on the constant improvement both in quality and satisfaction. Equally as important is to know that we have offices all over North America, Central America, South America, and the Caribbean.
CLICK HERE TO START YOUR DYNAMICS 365 SUPPLY CHAIN JOURNEY: https://techsolworld.com/product/dynamics-365-supply-chain-management-annual/
Inquiries For any inquiries, please call: (800) 998-2792 Email – info@techsolworld.com
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