No, It’s Not a Contradiction: How Investing in Microsoft Dynamics NAV Saves Serious Money

In times of extensive financial and economic turmoil, investing is not real popular. Businesses are looking into ways to cut costs, not increase them, and postponing investments into information systems seems only natural.

However, investing in Microsoft Dynamics NAV can be a very sound decision, precisely because of the current economic situation. That is, investment into a good ERP system can yield a very quick return, and start saving considerable sums in a very brief time span-usually enough to pay for the system within a year or two.

An ERP system can save money in a number of ways. One of the best, and fastest ways, is by applying Microsoft Dynamics NAV out-of-the-box features to cut inventory costs. Excessive and unmanaged inventory is a huge drain on cash flow, fixed operating costs, and supply chain efficiency. Microsoft Dynamics NAV has several features which can rationalize your inventory, boost your agility, eliminate excess fixed costs and streamline your supply chain-in the end, bringing costs down, and resulting in  significant savings.

Replenishment and planning

When it comes to minimizing inventory levels, Microsoft Dynamics NAV has several powerful features.. In the early stages of inventory optimization, you can set up a fixed reorder quantity or maximum quantity reordering policy, which ensures your stock is always as low as possible, but high enough to fulfill your demand. Then you can gradually move to more agile approaches, such as lot-for-lot reordering policy. A next step can be moving even further toward just-in-time inventory, taking advantage of stockkeeping units functionality and putting cross-docking to work.

Depending on your replenishment and planning configuration, Microsoft Dynamics NAV can calculate requisition plans for your inventory, taking ...