Microsoft Dynamics 365 Supply Chain Management designed specifically for the tasks related to a supply chain is a part of Microsoft Dynamics 365 Finance and Supply Chain Management (SCM). This article will help you to understand better the exact functions of FSCM.
Management functions of Microsoft Dynamics 365 SCM
Microsoft Dynamics 365 SCM has great functionality for the supply chain management. One of its targeted fields is assets. SCM helps to perform such tasks as maintaining the asset register, schedules, and functional locations, building an asset structure of multiple levels as well as controlling asset parts.
Microsoft Dynamics 365SCM is a powerful tool for working with the inventory of your company, whether it is controlling and monitoring inbound and outbound operations or managing non-conformance and quality.
Enforcing unity of the product information including its categorization and definition as well as service management through subscriptions, agreements and orders are also functions of SCM.
SCM uses advanced technological solutions for cost management, integrated with the general ledger for complete financial information. Examples of its tasks are calculating predetermined costs as well as accounting for inventory, manufacturing, and indirect costs.
Finally, SCM has the necessary functionality for warehouse and transportation management.
Planning and controlling functions of Microsoft Dynamics 365 Supply Chain Management
With the help of MS Dynamics 365 SCM, a company can better understand its needs for demand and supply, as well as plan resource consumption. SCM allows creating master plans for net requirements, forecast plans for gross requirements, and intercompany master plans for net requirements considering other legal entities.
The app also enables detailed product procurement and sourcing, which includes receipt and invoice generation, as well as payment processing.
On top of that, the app provides businesses with an efficient tool for production control connected to many other crucial parts of the supply chain, for example, general ledger and inventory management.
Marketing and sales with Microsoft Dynamics 365 SCM
Microsoft Dynamics 365 SCM is equipped with assisting tools for sales and marketing. The aim of this function is to store and obtain information on sales initiatives, sales events, and other related actions. This data creates the sales flow and support the interaction with potential customers.
Microsoft Dynamics 365SCM functionality for IoT Intelligence
The users of Microsoft Dynamics 365 SCM can benefit from truly innovative technologies such as the integration with the Internet of Things also known as IoT. With its help, you can process various scenarios such as assessing the product quality, the cycle of production, and the downtime of the machinery.
This overview of the basic functions has shown you how much can be achieved with SCM, which can be extended by other apps of Microsoft Dynamics including Human Resources and Commerce.
You can find more information here https://xplusglobal.com/dynamics365-supply-chain-management/