Supply chain management can prove complex and challenging to manage. Keeping supply chain efficiency in check is essential, as the interconnected network of businesses must be efficient in order to deliver products and services to customers efficiently and in a professional way. With the help Microsoft Dynamics 365 supply chain management module (D365), organizations can be assured that managing their supply chains will be much simpler. D365 aids manufacturing companies in tackling the issues they face today while making them ready for future opportunities.
Microsoft’s Dynamics supply chain management for Manufacturing assists in many ways, whether it’s helping with workforce transformation or Enterprise Resource Planning (ERP) modernization as well as helping to navigate challenges by increasing visibility of supply chain processes and gaining better insight, or even setting on top of circular supply chains, reverse supply chain and revere economies. This blog will go over the three benefits of having a Dynamics 365 supply chain for Manufacturing in greater depth.
Optimize your Dynamics 365 supply chain management processes through the Modernization of ERP & workforce transformation
The manufacturing industry has been facing shortages of labour for some time until now, but the outbreak of the pandemic has made it even more difficult. Many have decided to intensify their attempts to use technology in overcoming the challenges caused by continuing labour shortages.
Manufacturers are speeding up the transformation of workforces shops floor activities as well as increasing the use of industrial robots IoT-connected sensors AI, and smart automation.
As these companies build more intelligent and connected factories They effectively improve the productivity of their workforce which is a method of alleviating the pressure that shortages of labour can put on production.
Visibility of the dynamics 365 supply chain management and insight
As businesses continue to forge a path out of the pandemic, many find it difficult that current technology for managing supply chains is not suited to an environment that is constantly characterized by disruptions, restrictions and insecurity.
In addition, the successful implementation of AI-enabled supply-chain management has allowed early adopters to reduce the efficiency of their logistics by 15% as well as the level of inventory by 35% and levels of service by 65% when compared to slower-moving competitors. This has led to an increase in spending on advanced supply chain solutions that connect diverse systems, unite data, enhance visibility into the supply chain management features, and use AI to provide actionable information to decision-makers.
Circular economies and reverse supply chain management
Many businesses are working to make our world more sustainable by taking on environmental as well as social and governance objectives.
One of the ways that manufacturing companies are advancing sustainable practices is through the development of circular economies. Circularity, also known as the circular economy is the result of reverse management of supply chains which addresses what happens after the product’s use-by date.
51% of supply chain experts anticipate the importance of the circular economy to grow during the next two years after the collapse of COVID-19.
With the increasing focus on circular economy strategies, it’s crucial to recognize managing reverse supply chains for manufacturing demands different processes for operation.
To put it in perspective manufacturers can’t simply accept products that are no longer in use at their warehouses or factories. With the complexity of the product and the recyclable raw materials, different operations are required to accept the product, examine, sort and then rehabilitate raw materials so that they are reused.
What’s next?
Microsoft’s certified partner in Bengaluru, PositiveEdge helps in driving manufacturing companies to revamp their existing ERP platform, considerably increase supply chain visibility and insights, and stand-up circular economies through reverse supply chain management practices. It also empowers users to plan better, improves organizational agility, and maximizes asset uptime, allowing companies to operate smoothly and profitably.
Get to know more about how we can assist in implementing Dynamics 365 Supply Chain Management for your businesses. If you’re looking to learn more about Microsoft Dynamics 365 for Supply Chain Management, get in touch with us here.