Tag: SCM

Supply chain strategy has long been centered on reducing costs and enhancing productivity. As a result, many businesses have relied on a single supplier for essential subcomponents, often located offshore to cut labor expenses. However, this approach lacks resilience as it creates a single point of failure. On the other hand, having many suppliers does not necessarily ensure supply chain resiliency unless there is a solid business relationship and communication....

Microsoft Dynamics 365 Finance Insights is helpful because it offers configurable and extensible solutions for predicting cash flow, receivable payments, and generating budget proposals, as well as the ability to use machine learning templates to build models with data you provide. In this blog we will cover the cash forecasting capability in Finance Insights. This is the third blog of a 5-part blog series covering different capabilities in Finance Insights....

Engineering attributes and Engineering attribute search refer to specific information related to products or services in engineering and manufacturing companies. Engineering attributes are characteristics or specifications of a product, such as weight, size, material, and color, that are used to define the product and distinguish it from other similar products. Engineering attribute search is a feature in Microsoft Dynamics 365 for Finance and Supply Chain Management that allows users to...

Microsoft Dynamics 365 Finance Insights is helpful because it offers configurable and extensible solutions for predicting cash flow, receivable payments, and generating budget proposals, as well as the ability to use machine learning templates to build models with data you provide. In this blog we will cover the cash position capability in Finance Insights. This is the second blog of a 5-part blog series covering different capabilities in Finance Insights....

In today's fast-paced and competitive business landscape, companies are increasingly relying on data-driven insights to make informed decisions. Power BI Reports in Microsoft Dynamics 365 Supply Chain Management offer real-time analytics and insights into supplier performance and potential risks, making them a valuable tool for businesses seeking to optimize their supply chain operations. For example, companies in the manufacturing industry can use Power BI Reports to monitor inventory levels, track...

This is the first blog of a 5-part blog series that highlights different capabilities in Microsoft Dynamics 365 Finance Insights. Finance Insights is especially helpful because it offers configurable and extensible solutions for predicting cash flow, receivable payments, and generating budget proposals, as well as the ability to use machine learning templates to build models with data you provide. In this blog we will cover the budget proposal capability in...

Strategic inventory planning is a crucial aspect of supply chain management as it helps organizations to ensure the seamless flow of goods and services to customers. It allows for better control of inventory levels, which in turn helps to minimize stockouts and overstocking, leading to improved customer satisfaction. Strategic inventory positioning involves identifying decoupling points in your supply chain, where you can build up inventory on hand. The purpose of this method...

ChatGPT is widely considered to be a revolutionary technological invention, particularly for the realm of business. This is due to its unique combination of artificial intelligence (AI), natural language processing (NLP), and advanced data analysis capabilities. AI enables ChatGPT to learn from vast amounts of data and provide very relevant responses, while NLP allows it to understand and respond to human language in a natural and intuitive manner. This combination...

Overhead costs are the costs that are incurred in order to run a business, but that can't be directly attributed to any specific business activity, product, or service.  Overhead cost accounting is an essential aspect of financial management for businesses. Overhead costs provide critical support for the generation of profit-making activities. Some examples of overhead costs include rent, electricity, and administrative salaries. By accurately tracking and allocating these costs, businesses...

A new generation of enterprise resource planning systems called digital operations platforms (DOPs) has emerged. These systems are focused on providing a better user experience and are designed to support digital business operations through AI-driven processes. A  Total Economic Impact (TEI) study was conducted to evaluate the potential financial benefits for companies that implement Microsoft Dynamics 365 Finance as their DOP. Continue reading this blog to learn about how Dynamics...