Arming Your Supply Chain with the Right Tools

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As interest continues to grow in building a real-time supply chain, many executives are interested in improving analytics capabilities as well.  Creating more accurate forecasts sometimes seems like a moving target because of uncertainty in the economy and with changing customer desires.  However, you can set your sights closer to your supply chain targets with the right technology.  Microsoft Dynamics® ERP (enterprise resource planning) solutions can be just the tool you need to hone in on that bull’s-eye.

Many business executives and managers feel that supply chain analytics are the key to holding down costs and improving profit margins.  A recent study by Bloomberg BusinessWeek Research Services showed that forecasting tools were important in achieving 2012 objectives and will have the same importance in 2014.  With that said, supply chain management can’t be left to weak technology and creative handmade systems.  Comprehensive ERP solutions, like those offered in the Microsoft Dynamics ERP suite of solutions, are powerful enough to integrate supply chain, inventory management, manufacturing, as well as financials to get you closer to the real-time supply chain insight you need.  Data collected in a single, robust solution can be easily managed and monitored to identify trends, control inventory in real-time, and optimize procurement activities.  Determining what to order is only part of the equation.  Knowing when to order and from which supplier, as well in what quantities, are equally critical when performing forecast and planning scenarios.

Microsoft Dynamics ERP offers built in business intelligence and reporting functionality making it easier to make sense of the business data that your operations generate.  You can identify trends in customer buying habits or product demands, for example, and use that data to improve fill rates, prevent stock-outs, or burn through items that are trending to become obsolete.  When you know what your customers are buying, or not buying, you can use that data when forecasting inventory orders or making strategic plans for your product lines.

Arming your team with Microsoft Dynamics ERP will make it easier to monitor and respond to changes in customer demands.  As your team is working with customers, they can coordinate activities, share information, and act quickly through Microsoft Dynamics ERP.  The quicker you can access key supply chain data, the quicker you can respond to address changes when needed.  Contact Perimeter Business Solutions for more information about building a real-time supply chain and leveraging your data to improve forecasting and planning activities.

By Mark D. Kosakowski of Perimeter Business Solutions, Microsoft Dynamics GP Partner out of Georgia (https://www.perimeterbsi.com/)

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