Engineering Industry comprises companies that deal with manufacturing and designing the machine, complex structures, and a variety of devices. The main function of this industry is manufacturing, designing, processing, and construction structure. These industries face a lot of challenges in terms of the complex project, cost of production, and pricing of the structure. They also have to strive from the cutthroat competition in the market. The Microsoft Dynamics 365 Finance and Operations ERP Solution plays an important role. It helps the engineering companies to manage the operations in a systematic and standardized way. ERP automates the business processes and makes it integrated for all the departments of the organization. It aims to provide ease to the biggest hurdle of tracking and managing the inventory.
The Goal of the Engineering industry is to manage the business efficiently and cost-effectively to increase profit. They face a variety of problems like managing complicated outcomes, hyperbolic prices, and much more. Microsoft Dynamics 365 Finance and Operations will be helpful to beat these challenges Along with BI, Microsoft Dynamics 365 Finance and Operations offers an ERP software that helps the company to take vital choices by representing everything in graphical format. The ERP Software enables users to forecast and plan more accurately, and predict demand depending on data including seasons and market trends. These predictions can be used to optimize output, ensuring levels match customer demand and eliminate wasted resources wherever possible.
Along with that here are the few modules of Microsoft Dynamics 365 Finance and Operations that play an important role in the Engineering industry.
- Production Life Cycle
- Master planning
- Material and capacity planning
- Resource management
- Inventory management
- Multi-site warehouse management
- Transportation management
- Marketing and Sales
- Estimation and Quotation
- Direct and indirect procurement
- Supplier relationship management
- Vendor Management
Apart from ERP core functionalities Microsoft Dynamics 365 Operations offers predefined industry-specific. Microsoft Dynamics 365 for Finance and Operations provides transparency across processes, business areas, and companies — whether it is to determine the status of an order or the value of a performance indicator for the group of companies as a whole. Decisions can be made quickly and reliably based on up-to-date and sound information. Microsoft Dynamics 365 Finance and Operations includes features that can revitalize operations across the broader business, from accounting to human resource management.
Evaluating Financial Performance
Microsoft Dynamics 365 Finance and Operations helps the company to increase profitability and drive margin revenue growth. The company can leverage Microsoft Dynamics 365 Finance and Operations’ Financial intelligence and embedded analytics. It also empowers employees with a role-based workspace that provides intelligent automation and task prioritization for maximum business outcomes. Microsoft Dynamics 365 Finance and Operations also streamlines asset management by Efficiently track values and reduce reporting errors with centralized, automated processes for managing your capitalized assets from acquisition through disposal.
Microsoft Dynamics 365 Finance and Operations offers ideal parameters for each production/Project. It helps in streamlining the schedule with real-time visibility into resources using a unified resources model and scheduling. The users can optimize the flow of material with advanced warehouse and logistics management. Along with with-it Microsoft Dynamics 365 Finance and Operations also provides insights and predictive intelligence that could be used to improve product quality and identify and resolve issues.
Streamline Supply Chain Management
Microsoft Dynamics 365 Finance and Operations provides users with 360 views of users’ supply chain management. Microsoft Dynamics 365 Finance and Operations modernize business logistics by optimizing and fulfillment and reduce cost by synchronizing logistics across the site, warehouse, and transportation modes. It provides visibility and control across all sites and warehouses for proactive response to issues using dynamics financial analysis. Microsoft Dynamics 365 Finance and Operations reduce procurement costs and provide greater control by automating procure-to-pay processes.
Microsoft Partners Implement Microsoft Dynamics 365 Finance and Operations for your clients Engineering Industry with Dhyey Consulting Services. At Dhyey Consulting Services we have created a Centre of Excellence. We Act as an extended arm to Microsoft Partners and provide them with our Centre of Excellence-as-a-service. With deep industry experience and knowledge, we have the expertise required to advise our partners on the entire lifecycle of your business from implementation to support services to add-on development and integration. We aim to partner in your business growth by offers flexible engagement practices and encourages innovation for Microsoft partners.
At Dhyey Consulting Services Pvt. Ltd., we have implemented Microsoft Dynamics 365 Finance and Operations on behalf of Microsoft Partners around the globe. Our Talent has experience working with Microsoft Dynamics 365 Finance and Operations along with various integrations such as EDI integration and machine integration. To know more about our Centre of Excellence email us at Santosh@dhyey.com