Managing inventory may feel like a never-ending balancing act, but that’s where a Retail ERP (Enterprise Resource Planning) system comes in. The all-encompassing data management program can help retailers improve their inventory processes with real-time information, allowing you to manage costs and grow strategically. Below are three ways retailers can use an ERP system to… Continue reading Improving Retail Inventory Management: How an ERP System Can Help
Category: Inventory Management
How To Set Up and Use Order Promising In Microsoft Dynamics NAV or Dynamics 365 Business Central
Order Promising in Microsoft Dynamics NAV and Microsoft Dynamics 365 Business Central is a very helpful feature, especially for industries like manufacturing in which customers place orders and customer service reps or salespeople need to provide the customer with a promised delivery date. In the scenario where the customer wants a promise date, typically they… Continue reading How To Set Up and Use Order Promising In Microsoft Dynamics NAV or Dynamics 365 Business Central
Planning for 2022: Why Your Organization Should Implement Well-Defined Processes, Including Warehouse Management
In this blog post, contributed to ArcherPoint by Brian Neufeld, Director of Marketing at Insight Works, we take a closer look at moving away from “tribal knowledge” within an organization to a system of processes. Having well-defined processes within an organization brings with it many benefits compared to relying on tribal knowledge of staff, as… Continue reading Planning for 2022: Why Your Organization Should Implement Well-Defined Processes, Including Warehouse Management
Just-In-Time Adjustments to Prevent Supply Chain Interruptions
The COVID-19 pandemic and resulting supply chain issues (and near-disasters) raised many concerns and theories about the just-in-time (JIT) approach. Some experts believe these issues exposed serious flaws in JIT, signaling the beginning of the end, while others went as far as saying JIT actually caused the issues. The question for manufacturers that have been… Continue reading Just-In-Time Adjustments to Prevent Supply Chain Interruptions
Tips for Improving the Inventory Picking Process in Your Warehouse
If you have a warehouse, you know how important it is to have your warehouse in working order. A poorly organized warehouse can result in lost time and productivity as your workers run in circles fulfilling orders, which costs money. Conversely, an organized, optimized warehouse also helps save money by making it easier to manage… Continue reading Tips for Improving the Inventory Picking Process in Your Warehouse
Yearly Inventory Counting Should Be Replaced By Cycle Counting
If you have a warehouse, you probably do an inventory count once a year. But is this the best way to keep track of your inventory? This approach to inventory management has proven to be error-prone, so why are companies still using it? This blog discusses the concept of cycle counting, how it can uncover… Continue reading Yearly Inventory Counting Should Be Replaced By Cycle Counting
Inventory Planning and Forecasting Optimization: 9 Questions to Ask
If you have inventory, you know the importance of demand planning and forecasting. But why do so many companies struggle with inventory overages and shortages and delivering desired products to their customers when they want them? Forecasting and planning for inventory management has been both a strategic and operational focus of organizations for more than… Continue reading Inventory Planning and Forecasting Optimization: 9 Questions to Ask
How To Disable Posting Negative Inventory in Microsoft Dynamics NAV
Prior to Microsoft Dynamics NAV 2013 R2, developers had to customize Dynamics NAV to disable posting negative inventory, but in NAV2013R2 Microsoft have starting offering this feature as standard. One can now set up so that outbound posting that brings inventory below zero is blocked. This can be set up per item or for all… Continue reading How To Disable Posting Negative Inventory in Microsoft Dynamics NAV
Dynamics NAV Coffee Break – Physical Inventory Process
The Physical Inventory Process is a fairly straight-forward function within Dynamics NAV with most companies adding their own specific nuances to meet the unique needs of their company. In this latest installment of our NAV Coffee Break video series, Gwen provides a foundation of the process. She walks through the steps of the process and… Continue reading Dynamics NAV Coffee Break – Physical Inventory Process
Reducing the Quantity of Inventory Sub-Ledger Entries
We often hear the comment that Dynamics NAV posts too many Inventory Sub-Ledger entries to the General Ledger. There is a way in Dynamics NAV to reduce the number of General Ledger entries when running the batch report “Post Inventory Cost to G/L”. When running the batch report, select “Per Posting Group” and the system… Continue reading Reducing the Quantity of Inventory Sub-Ledger Entries