Manufacturers have been using siloed and inconsistent information, as well as manual processes, to understand and manage their supply chain. For a long time, these systems were good enough to keep production going. But manufacturers are now understanding that transforming supply chain management is necessary. They are integrating their assets across their factories, gaining visibility into their supply chain, and acting on insights. This is helping them to address inefficiency, as well as increase customer satisfaction and margins.
Supply chain management is a complicated process and requires the right solution to simplify and consolidate the information. Data from the sales process, suppliers, order fulfillment, customer service, etc. matter for a full understanding of the supply chain. The core tools for accomplishing this fall into three categories:
Using a single IoT-friendly platform to integrate back and front office processes are the best way to lower production costs. IoT in manufacturing will help you to understand in real-time the amount of wear and tear on parts and adjust designs in response. These insights can help you identify simple inefficiencies sourcing parts from the same supplier rather than buying a similarly-performing part at a lower cost from another supplier.
Powerful analytics will transform your supply chain and make your people more productive. A truly intelligent system for supply chain management dynamically adjusts distribution, as well as production, to accelerate the speed of delivery. By using built-in analytics and machine learning, public data like weather conditions can be used for scheduling deliveries and forecasting. Analytics also lets you automatically identify the opportunities to consolidate or expedite shipments using AI.
Finally, you will require an ability to easily visualize and manage the information you collect and that too in real-time and mobile-delivered view. The requirement differs as per every decision maker in your company. They need information on-the-go and communicate with each other, from anywhere in the world. So, it’s not advisable to use different tools for each of them. When invested in cloud technology, you are in a position to adjust to whatever business challenges you may be facing.
Microsoft Dynamics 365 is a combination of ERP and CRM both and makes it easy to collaborate and even role-switch to engage customers or address supply chain issues.
With Microsoft Dynamics 365, you get the flexibility of deployment – either on the cloud or a hybrid model that includes both on-premise and cloud systems. This will drastically reduce implementation time, ensure consistent security and analytics capabilities across every location and for every team.
Dynamics 365 unites the front office and the back office with a single end-to-end system for managing every aspect of your business, all backed by industry-leading enterprise cloud. Choose what you need now and scale as per your business needs.
Not sure if you are ready to upgrade your supply chain management process? Get in touch with our experts.
This post was originally published by Microsoft on Microsoft Dynamics Blogs and has been updated with minor edits for accuracy and comprehensiveness.
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