Attention Professional Services Firms!
The Easy Button: Why cloud services should encompass both service and convenience
I have had the pleasure of recruiting and hiring hundreds of new team members in my career and it remains one of my favorite parts of growing a company. To me, the challenge and excitement of finding quality players who meet the cultural and quality demands that the business deserves is the lifeblood of leadership.
The one question I always ask in interviews in order to gauge a candidate's passion for taking care of customers and teammates is "tell me about an organization or company that you believe epitomizes a great customer experience."
People have a tendency to light up when you ask th...
NAV 2018 is coming! “Microsoft Dynamics NAV 2018 Capabilities Guide” is READY !
Out of Stock vs. Overstock: Striking the Right Balance
Today’s manufacturers and warehouse managers already understand the importance of proper inventory management. Ensuring accurate stock levels doesn’t just impact the company, but the customer experience and satisfaction it is able to offer as well.
However, issues that crop up again and again concern having too little inventory to fill orders, or too much for the current demand. Overstocking and running out of inventory happens more often than some inventory managers would like to admit, but many are unsure how to strike the best balance here.
Thankfully, there are a few best practices manufacturers and inventory managers can employ to prevent running out of inventory while simultaneously ensuring that they don’t purchase too much merchandise.
Motivation behind the change: The cost to business
Besides just frustrating customers, overstocking and understocking can cost businesses more than they might think. According to a recent study from analyst firm IHL Group, overstocking, understocking and unnecessary merchandise returns can really add up - to the tune of $1.75 trillion across the global retail industry. This includes more than $634 billion in out-of-stock losses and over $471 billion in overstock.
These numbers are significant, and show just how impactful a change in inventory management can be. Bringing these dollars back into the fold creates capital that can be used to make considerable improvements in the company, including investing in an inventory count solution that can keep the business on track, and ensure losses like this don’t continually occur.
Creating balance in the warehouse: Best practices for inventory management
There are a few main contributing factors that can cause both overstocking and understocking. Pinpointing and preventing these are the first steps on the road to more efficient inventory management. A leading indicator to consider here is the customer demand and sales forecast. These predictions are incredibly important for maintaining proper inventory levels, but any inaccuracies here can really impact merchandise management.
Another problem occurs when companies use multiple spreadsheets or platforms to keep track of inventory levels, Brandon Levey of Business.com noted. Often, these will increase with the number of channels a company is involved in - a business may have one spreadsheet for merchandise sold online and another for brick-and-mortar inventory. However, this can create informational silos that prevent accurate ordering and management - not to mention confusion among staff members that have to use disparate systems.
Once these common problems have been identified, there are a few key methods companies use to combat inefficiencies, and other inventory management issues. Let’s take a look at the top best practices for preventing overstock and out-of-stocks:
- Pay attention to the market: Monitoring the market helps businesses prepare for periods of peak demand, and help managers understand when demand might reach a plateau, or fall off. This information should be heavily weighed for inventory management, and should be included in upcoming sales forecasts to ensure accuracy.
- Take a look at historical customer purchases: Inventory managers need to focus their scope on the business’s own sales levels. Examining historical transaction information helps highlight high and low demand periods, and so the company can stock its merchandise to match. For instance, a company selling swimsuits will see in its historical transaction information that demand slows during colder months, and it will then order less inventory to prevent overstocking.
- Consider the company’s marketing efforts: Understocking may occur when a business launches a marketing campaign, but does not have the inventory to back up the increased demand levels that follow. When managing inventory, stakeholders must consider the marketing campaigns the business is involved in. Which products are currently receiving the spotlight in an advertisement? Which haven’t been featured in a campaign in a while? Which products are on sale right now? Answering questions like these really assist managers, and help ensure that the company always has enough merchandise to fill orders resulting from marketing efforts.
- Prevent oversight in the warehouse: Even a small step like organizing the location of merchandise in the warehouse makes a big difference. The most in-demand products should be placed closest to the shipping area, with the slowest moving inventory kept in the back. This helps ensure that staff members always know where to look, and that there are no oversights.
Finally, there’s no overlooking the traditional physical inventory and cycle counts. This essential part of the inventory management process is best completed with the help of a solution like Mobile Warehouse Inventory Management Software. This innovative platform enables inventory managers to streamline the process for the overall count, as well as for the creation of count sheets and entering the count into the NAV module.
To learn more, download the white paper Keeping the Physical World and the Virtual World in Sync.
What’s New in Microsoft Dynamics NAV 2018?
Microsoft Dynamics NAV 2018 Licenses
Microsoft Dynamics NAV 2018 is here…!!!
NAV 2018 has been released! #Tenerife
WELCOME TO DYNAMICS NAV 2018 !
Download Microsoft Dynamics NAV 2018
Products Downloads
Microsoft Dynamics NAV 2018 | Partner Translation Toolkit |
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Language Modules
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This table shows a list of all the available NAV 2018 language modules |
Ordering
License Information
Microsoft Dynamics NAV 2018 Resources
NAV 2018 ist da! – Herzlich willkommen in der Familie
#nav2018 #dynamics365 #tenerife #release #whatsnew
Hallo zusammen,
unerwartet erwarte (siehe Beiträge der letzten Wochen) ist es heute soweit und Microsoft die Version Dynamics NAV 2018 freigegeben.(PartnerAccess – Blog Eintrag fehlt noch)
Codename Tenerife und der Name Dynamics 365 Tenerife sorgten dabei ein wenig für Verwirrung.
Für das Verständnis kann man festhalten, dass die Version 2018 eine erste Version der bereits angekündigten Erweiterungen für das Frühjahr 2018 ist. Die im Frühjahr angekündigte Version läuft daher immer noch unter dem „Decknamen“ Tenerife und wird vermutlich dann auch die Bezeichnung Dynamics 365 tragen und vielleicht dann erstmals „onPremise“ und in der Cloud von Microsoft / bei Microsoft verfügbar sein.
Dagegen die klare Trennung mit der Bezeichnung NAV 2018 für die OnPremise Bereitstellung und den aktuellen Features.
Da es im Web bereits zahlreiche (sehr gute und ausführliche) Beiträge zum Thema der Neuerungen gibt, möchte ich mich in diesem Beitrag auf 2 Punkte konzentrieren:
1. Wo bekomme ich einen schnellen Überblick der Inhalte
2. Wie kann ich auf die Version zugreifen (Installation/Docker).
1 Wo bekomme ich einen schnellen Überblick der Inhalte
Ein kurzes Eingeben der Suchbegriffe in Google bringt bereits zahlreiche Seiten mit den beinhalteten Optimierungen und Neuerungen.
Wir bieten unsererseits wie mittlerweile gewohnt auf unserem Videoportal bereits heute mit dem Release die Themen „NAV 2018 Neuerungen in der Anwendung“ und in den nächsten Tagen „NAV 2018 Neuerungen in der Technik“ (die Videos sind gerade in der Post Produktion) an.
2. Wie kann ich auf die Version zugreifen (Installation/Docker (fehlt noch))
Nutzen Sie unsere kostenlose Webseite www.learn4nav.com/software
In diesem Video ein kleines Beispiel eines neuen Features:
Dynamics NAV and Microsoft Flow
Microsoft Dynamics NAV 2018 is available for download
Easiest blog post to write EVER – and with very positive news: the day has come, Microsoft Dynamics NAV 2018 is available for download!
You can download it from PartnerSource, and this link should help you to get there instantaneously. If not, there is an easier link for you: aka.ms/navgetready.
What countries are available?
Well – let me make it even easier for you by providing the country list, with the download links:
- AU-Australia
- AT-Austria
- BE-Belgium
- CA-Canada
- CZ-Czech Republic
- DK-Denmark
- FI-Finland
- FR-France
- DE-Germany
- IS-Iceland
- IT-Italy
- MX-Mexico
- NL-Netherlands
- NZ-New Zealand
- NO-Norway
- ES-Spain
- SE-Sweden
- CH-Switzerland
- UK-United Kingdom
- US-United States
- NA-North America
- RU-Russia
- W1
What is new?
Well, a lot. In the “aka.ms/navgetready” link, you can quickly find all documentation, amongst this link:
Enjoy!
Dynamics NAV 2017 - Eingelagerte Besprechungen im CRM-Modul
Die Übersetzungen von NAV sind immer mal wieder für einen Schmunzler gut. Dieses Schmankerl möchten wir gerne mit Ihnen teilen:
Wenn man eine Aufgabe in NAV von der Art „Besprechung“ anlegt, dann ist es ganz wichtig, dass diese Besprechung korrekt eingelagert wird. Hierfür wird dann zwingend der Lagerort benötigt:
Das ist konsequenter Weise nur beim *Erstellen* der Aufgabe so. Öffnet man hinterher die soeben erstellte Aufgabe, findet die Besprechung gar nicht im Lager statt!
Das Feld heißt übrigens auf Englisch „Location“. Sowas passiert wahrscheinlich, wenn der Entwickler für EK/VK/Lager auf das CRM-Modul losgelassen wird.
Nutzer von Comporsys 365 müssen auf dieses Highlight leider verzichten, da wir den Text eigenmächtig korrigiert haben. Dafür können jetzt aber auch ungeübte Benutzer Besprechungen anlegen.
NAV 2018 is alive!
Microsoft Dynamics Partner Roundup: Fleet management for D365; Microsoft competencies; Aussie NAV partnership; NAV for mortgages
In this week's Microsoft Dynamics Partner News Roundup:
- Fleet365 for Microsoft Dynamics 365 launches on the Geotab Marketplace
- Intellitec Solutions achieves Microsoft Gold ERP competency and Silver CRM competency
- Dynamic Business IT Solutions joins Insight Works' Partner Program
- The Mortgage Collaborative adds Loan Vision to Preferred Partner Network
Fleet365 for Microsoft Dynamics 365 launches on the Geotab Marketplace
Geotab, a provider of telematics technology, has announced that Fleet365 for Microsoft Dynamics 365 is now available on the Geotab Marketplace. Fleet365 brings Geotab data into Dynamics 365 to provide an integrated...
Dynamics NAV 2018 is available to download
Microsoft Dynamics NAV 2018, the release that almost wasn't, reaches general availability
Microsoft Dynamics NAV 2018, the latest version of the company's SMB ERP solution, has reached general availability.
NAV 2018 is expected to be the penultimate release under the NAV brand name (NAV 2018 R2 is still expected in the first half of calendar year 2018). The product will continue to evolve, Microsoft has advised, but it will be rebranded and adapted to serve as the basis for the cloud-first offering known by codename Dynamics 365 "Tenerife"...
From the Microsoft Dynamics NAV Blogs: Seasonal inventory; Standard Journals; NAV extensions; Tax amounts
From this week's Microsoft Dynamics NAV blogs:
- Seasonal inventory forecasting in Dynamics NAV
- How you can save time re-entering journal entries using ‘Standard Journals' in Dynamics NAV!
- Conquering the peculiarities of Dynamics NAV extensions
- How to adjust tax amounts in Microsoft Dynamics NAV
Seasonal inventory forecasting in Dynamics NAV
On the Encore Business Solutions blog, Constantine Gart wrote that recently many customers had been asking about Microsoft Dynamics NAV's capabilities to handle seasonal forecasting.
Most customers knew that Dynamics NAV could automate their inventory replenishment by keeping a minimum quantity on hand. However, they didn't know th...