All You Need To Know About Manufacturing Module Of Microsoft Dynamics NAV 2018
All You Need To Know About Manufacturing Module Of Microsoft Dynamics NAV 2018
Undoubtedly, manufacturing is highly dynamic and competitive industry. In order to stay ahead in the competition, manufacturers want to streamline processes across sourcing, procurement, production, warehousing, quality testing, and delivery. Apart from these challenges, traceability and regulations are some other pain-points that are preventing manufacturers to stay ahead in the game. To overcome these pain points, organizations are leveraging the capabilities of Enterprise Resource Planning (ERP) software. One such leading ERP system for manufacturing industry is Microsoft Dynamics NAV 2018. Engineered to help small and mid-size companies, Dynamics NAV 2018 is multi-language, multi-currency business management solution that enables companies to manage accounting and finances, supply chain, and operations globally. Microsoft Dynamics NAV seamlessly brings together your data, reports and business processes to deliver an integrated solution.
Core capabilities of Microsoft Dynamics NAV for manufacturing industry
Production Bill of Materials – Create bills of materials and calculate standard costs using NAV.
Production Orders – With Dynamics NAV, you can create and manage production orders, and post consumption and output to the production orders. You can manually plan for demand from sales lines and create different types of supply orders directly.
Agile Manufacturing – This functionality of NAV enables you to run the Agile Manufacturing, Supply Planning, and Capacity Planning.
Version Management – NAV enables you to create and support different versions of the manufacturing bill of materials and routings. You need Basic Capacity Planning module to set up multiple versions of routings.
Basic Supply Planning – With NAV, you can setup reordering policy for items. NAV facilitates action messages for fast and easy balancing of supply and demand. It also supports bucket-less and bucketed material requirements planning.
Demand Forecasting – With NAV, you can easily manage demand forecasting based on items. You can plan and create production and purchase orders as per available inventory and parameters of requirement planning.
Sales and Inventory Forecasting – NAV provides you deep insights about potential sales alongside clear overview of expected stock-outs. Leveraging built-in Cortana Intelligence, you can easily predict demands based on historical data. With this, you can easily manage stock and respond to your customers.
Capacity Planning – You can setup work centers. You can set up routings to use on production orders and in material requirements planning. NAV enables you to view loads and task list for the capacities.
Finite Loading – NAV supports finite loading. With capacity constraints, NAV ensures that no more work is assigned to a work center than the capacities can be expected to execute during a given time period.
Machine Centers – By adding machine centers as capacities, NAV enables you to manage capacity of a single machine/producing resource. Machine centers enable users to store default information such as setup time or scrap percentage.
The bottom line
Thus, we can say that Dynamics NAV is the perfect ERP system for manufacturing company. If you’re looking for ERP systems for small manufacturing companies, then feel free to contact us. As Microsoft Partner, we can assist you in ERP evaluation, licensing, implementation, & customization.
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