By leveraging the core capabilities of this inventive Microsoft ERP for SME, businesses can efficiently manage inventory and scale to the next level of success within the stipulated time. This extensively orchestrated cloud solution expedites and stimulates the transfer of items within multiple locations and helps regulate inventory with the least hassle.
Business Central assists small and medium enterprises have recorded changed costs of the items while posting inventory transactions, such as sales shipments, purchase invoices, or inventory adjustments.
It has come up with real-time dashboards and artificial intelligence capabilities that reflect this change of inventory value and cost in the related inventory accounts in the general ledger. For each inventory transaction that you post, you can go through appropriate values posted to the inventory account, adjustment account, and COGS account in the general ledger.
Although inventory costs are automatically posted to the general ledger, it is still important to ascertain that the costs of goods are forwarded to the related outbound sales transactions. Particularly, when you sell goods before you invoice the purchase of the goods, ensuring outbound sales transactions turns inevitable for the best interest of the organization.
Inventory Management with Business Central Partner
For each physical product that a company trades in, it is crucial to create an item card. Here, connecting to an experienced and certified Business central Partner in India with a global presence can help you register catalog items that you offer to your customers but do not keep in inventory. Subsequently, you can convert to inventory items as and when required. Although the solution delivers extensive tools to do so, experts let you come across the best and most convenient way.
Next, inventory increases and decreases are automatically recorded when you post-purchase and sales documents respectively. Here, an accredited Dynamics 365 Business Central Partner in India would help you comprehend Record Purchases, Sell Products, Invoice Sales, and analyze the change in inventory quantities across the company’s warehouses while transferring between locations.
Anticipate Future Inventory Requirements
In this advancing world, you must be aware of the fact that planning and predictions go side-by-side and it’s important to analyze these trends. Here, Business Central offers inventive tools for predicting your future inventory needs ahead of time. By leveraging the power of artificial intelligence, you can make the most of this Microsoft Cloud ERP when it comes to the forecasting of upcoming inventory needs. The Inventory Forecast will instantly show you whether a particular item is predicted to be out of stock soon, given your existing inventory and current customer purchasing behaviors. Rather than running out of an item and missing out on potential revenue, you’ll now have the ability to re-stock that item in advance.
In brief, Dynamics 365 Business Central offers you the ability to manage your business’ inventory with the least hassle. This Microsoft ERP for SME helps improve decision making, gain greater insight into inventory levels, and manage cash & investments without a hitch. Being an accredited Dynamics 365 Business Central Partner in India, particularly known as a certified Business central License reseller in Delhi (NCR), we ensure uncompromised delivery of robust ERP solutions to help our clients take a competitive lead and witness unmatched success.
On a final note, to gain a competitive advantage and drive substantial business growth, leveraging the core capabilities along with choosing the right partner turns to be an intelligent move. To witness streamlined inventory operations with Business Central, we can help you execute the business vision with our years of experience and expertise.