Chemical manufacturing is a complex and demanding industry that requires strict compliance with regulatory requirements, precise inventory management, and efficient production processes. For chemical manufacturers, keeping up with the constantly changing market dynamics and managing various business operations can be a daunting task. Moreover, being a highly competitive industry, manufacturers need to constantly innovate and develop new products to stay ahead of the competition.
At Dhyey Consulting, we understand how difficult it is for Chemical manufacturing businesses to manage their everyday business activities effectively. That is why to help businesses streamline & optimize business processes and embrace innovation at a faster pace, we offer a super smart solution in the form of Microsoft Dynamics 365 Business Central (formerly known as Microsoft Dynamics Navision).
In this blog, let us look at the 8 key features of Microsoft Dynamics 365 Business Central that makes it the best ERP solution for Chemical manufacturing businesses.
Effective formula management is essential in the Chemical manufacturing process, and Microsoft Dynamics 365 Business Central can significantly improve it. This software enables the creation and management of efficient workflows, enabling easy formula optimization, formula variant creation, and management of labelling content. Moreover, its integrated database and automated workflows ensure the accuracy and consistency of product information, helping companies to comply with regulatory requirements. Similarly, by automating the process and reducing manual calculations, the risk of errors is greatly minimized, which ultimately helps to prevent costly recalls, rejections, and fines.
Dynamics 365 Business Central allows Chemical manufacturing businesses to effectively create and schedule batches for their products. This helps businesses optimize their production processes to maximize output while minimizing downtime and waste. Moreover, by carefully sequencing the production of batches, they can minimize the risk of contamination or cross-contamination between different batches, which can affect product quality and consistency. Besides, businesses can also ensure that they are producing the right quantity and mix of products to meet customer needs. This helps them in reducing costs and enhancing their operational effectiveness & paves the way for smarter and more efficient work processes.
Business Central enables Chemical manufacturing businesses to maintain the desired quality for all their products. By allowing them to schedule quality control tests, manage and record the test results & generate reports through certificate of analysis, it ensures that they only keep tested raw materials or finished goods in their inventory. Moreover, it also enables manufacturers to build, track and sustain quality orders across major industrial processes. This avoids disruptions due to poor product quality & reduces the extra costs associated with it. At the same time, it ensures that production lines are continuously running in a smooth manner without any friction in customer experience.
Chemical manufacturing companies need to maintain large inventories of raw materials, work-in-progress, and finished goods. However, thanks to the integrated database & automated work processes offered by Business Central, manufacturers now can get quick access to all the relevant data related to their inventory including shelf life. Moreover, it provides them better control over inventory as they can analyze their actual stock and easily compare it with what is being sold. Similarly, by providing insights into changing customer demands & capacity constraints, it helps in reducing overstocking & stock-outs. Not only this, the intelligent cloud insights offered by Microsoft Dynamics 365 Business Central related to sales forecast & expected stock-outs, helps the businesses in replenishing their stock based on demand & availability.
Supply Chain Optimization
Chemical manufacturing companies have complex supply chains, with multiple suppliers and vendors involved in the production process. Managing these supply chains can be challenging, particularly when it comes to ensuring timely delivery of raw materials and managing supplier relationships. Business Central supports the EDI (Electronic Data Interchange) interface which optimizes the supply chain by facilitating automatic orders. It ensures that orders are automatically received and passed straight to the warehouse for meeting delivery deadlines. Moreover, it enables businesses to easily examine supplier lead times & quality and promptly produce On-time in-full (OTIF) delivery performance reports.
Similarly, it makes use of real-time freight monitoring, route management & transportation planning and optimizes the dispatching process for businesses. It further improves the supply chain by allowing businesses to track actual v/s planned activity with respect to a particular sales order. Not only this, but it also simplifies the procurement process by improving engagement with suppliers & vendors and enables businesses to negotiate for the best price & increase profitability.
Chemical manufacturing is energy-intensive, and companies must find ways to reduce energy consumption and improve efficiency to reduce costs and minimize their environmental footprint. Microsoft Dynamics 365 Business Central comprises various modern technologies like Artificial Intelligence, the Internet of Things & mixed reality, etc. which allows businesses to adopt sustainable manufacturing processes. Moreover, it enables them to conduct their everyday business activities by considering the environmental impact of various factors like transportation, logistics, etc. & comply with the existing regulations. This not only effectively manages time & resources but also greenhouse gas emissions.
Scrap & Waste Management
Microsoft Dynamics 365 Business Central allows Chemical manufacturing businesses to manage scrap based on routes, resources or BOM. It offers AI-powered insights which help businesses in reducing overstocking & stock-outs. At the same time, by focusing on the quality of products it ensures that there is Minimum loss during production.
Chemical manufacturing businesses need to manage complex financial processes,. For example, managing accounts payable and receivable, tracking expenses, and generating financial reports. Business Central makes it easier for businesses to monitor their financial performance and make more profitable financial decisions. They can do so by keeping all the relevant data such as cash availability, sales profitability, net income, and inventory value in one place. Moreover, the real-time insights improve forecast accuracy, accelerate financial closing & reporting and ensure compliance.
Why Choose Us for Implementing Microsoft Dynamics 365 Business Central
We are a Microsoft Solutions Partner based in Vadodara, Gujarat, with offices across India & overseas. With over a decade of experience in Business Management Consulting, we strongly believe in and work towards Microsoft’s vision of facilitating a holistic and unified Digital Transformation for all our clients. Our highly skilled & knowledgeable Techno-Functional Consultants not only adhere to a customer-centric approach & provide our clients with round-the-clock support but also have an exceptional track record when it comes to project management and service delivery. We are committed to providing our clients with the best possible service and experience, and we firmly believe that our team of experts is the best in the business. If you’re looking for a partner that can help you with your digital transformation, look no further than us.
For more information or to book a free consultation with one of our experts, please write to us at firstname.lastname@example.org.