Digital transformation means different things to different people, it varies from person to person. But what can it mean for you and your industry, and how can it be used to transform your manufacturing business?
Digital transformation conveys the idea of applying the latest available technology to improve the business processes, services, and even the product offerings. Used creatively, digital transformation can make the manufacturing business more capable and efficient and hence more profitable and more valuable to your clients who will reward you with their loyalty.
Foremost in digital transformation tools are Enterprise Resource Planning (ERP) solutions built to work in the Cloud, and at the top of the list is Microsoft Dynamics 365. Dynamics 365 (Microsoft Dynamics 365 Business Central) is very familiar, affordable, user-friendly and most importantly, it can transform your all manufacturing operations.
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Dynamics 365 is designed to encompass not only the finances but every facet of the manufacturing and the business management:
Production Control: Flexibly manage the huge number of variables that go into the production schedule, like market demands, equipment and labor capacity, supply chain, among countless others. Dynamics 365 lets you easily create the different planning scenarios using visual tools to dynamically adjust production schedules under changing circumstances.
Supply Chain Management: To accurately manage the inventory in your manufacturing or distribution business, you need to be able to forecast demand and have a clear and accurate view of where your inventory resides – especially if you use the various production and warehousing locations. The tools in Microsoft Dynamics 365 are designed to help you strategize the distribution plans, manage warehouses, supervise quality control, handle material procurement and sourcing, and even enhance your supplier relationships with the tools that make it easier for them to sell to you.
Sales, Service, and Marketing: Customers are really the lifeline of your business. The Microsoft Dynamics seamlessly combines your ERP with your CRM providing a comprehensive solution that includes sales pipeline management, case management, project management, and more. Your marketing and the sales teams will have all the tools they need to identify, acquire, and retain clients, and your efficiency and reliability will ensure their loyalty.
Human Resource Management: Regulating a sizable workforce can present the challenges. The tools in Dynamics 365 allow you to manage the financial and legal aspects, including payroll, but they also address the human factors such as identifying workers best suited for different positions and letting you know when changes might be beneficial.
Business Intelligence and Reporting: A prime asset of Microsoft Dynamics 365 is its ability to generate reports that give you the information you need for actionable decision-making. Understanding more about your financials conditions, your production performance, your supplier and the distributor networks, and other important factors will help you to make business-critical decisions that can propel your organization forward.
Dynamics 365 operates in the Cloud, allowing all departments in your company, each with their own focus and requirements, to work with the same data, customer records, support cases, work orders, invoices, purchase orders, and the other financial data so everyone is on the same page.
This post just scratches the surface of Microsoft Dynamics 365(MD 365) for manufacturing. Would you like to know how you can leverage this exciting new technology to digitally transform your business functions? Contact our Dynamics experts and find out how we help you take the next step to become a more connected and more efficient manufacturing company.