Using Dynamics 365 for Finance and SCM, businesses can manage transportation costs and charges. You can allocate merchandise costs to inventory costs in order to get a more accurate landed cost. Further, by effectively managing resources and time, businesses can reduce operational expenses in transportation. For example, learning to automatically schedule multiple work orders on a recurring basis, setting up smart schedules, and efficiently managing inventory all work to reduce costs. D365 helps you not only reduce transportation costs, but also aids in reducing travel time and making efficient use of all resources. In this blog post, we will be discussing the top four ways Microsoft D365 reduces operational expenses in transportation.
1. Ensure Correct Transportation and Inventory Costs
Allocate transportation costs to each individual inventory item by specific criteria such as weight and volume. This way, you can ensure that your cost of inventory is correct and inclusive of all components of the landed cost. Dynamics 365’s transportation management lets you identify vendor and routing solutions for inbound and outbound orders. This way, you can select the fastest routes while using the least expensive rate for a shipment. Keeping track of inventory with Dynamics 365 allows you to record specific information and create a historic log of all related work orders. Not only does this offer a seamless experience to customers but it also efficiently manages inventory and inventory costs.
2. Plan Timely Inbound Transportation
Use Dynamics 365 for Supply Chain Management to plan transportation of ordered items to your warehouse. By planning item transportation and receipt of the inbound load, you can. Ensure proper landed cost and accurate costing. D365 allows accurate and timely costing of item transportation through increased financial and logistical visibility into the extended supply chain. Specific cost prediction also enables improved and more agile decision making, reducing costing errors. By planning timely inbound transportation with Dynamics 365, you can maximize item profitability, reduce internal follow-up calls from logistics, and improve warehouse planning through better visibility.
3. Utilize Detailed Tracking Capabilities:
Determine exactly what items are delivered and when by using Dynamics 365 for Finance and Supply Chain Management. Dynamics provides detailed data which comes with tracking capabilities. Some shipments are time sensitive and require quick customer service issue response. By taking a proactive customer service stance, you can resolve shipment issues quickly and manage your supply chain properly. Dynamics also serves the requirements of both domestic and international carriers, while providing proper compliance documentation and supporting various shipping rules.
4. Improve Inbound & Outbound Warehouse Operations
Set up interactive schedules and enhance real-time communication and collaboration within your warehouse to improve inventory control. Dynamics 365 is the perfect tool for end-to end management of your business processes. By improving your inbound & outbound warehouse operations, you can get a real-time view of all work orders and respond quickly to customer requests and cancellations. The ERP solution reveals new opportunities across your organization to manage your business with detail precision and enhanced automation. Further, you can use optimized service schedules and efficient routing to improve warehouse operations and reduce expenses.
Next Steps
If you are interested in learning more about maximizing using Microsoft Dynamics 365 for Finance and Supply Chain Management contact us here to find out how we can help you grow your business. You can also email us at info@loganconsulting.com or call (312) 345-8817.
