Microsoft Dynamics NAV – Inventory Management

Microsoft Dynamics NAV streamlines your whole supply chain. Within inventory, one customer was able to use it to integrate information from production and inventory departments and optimize the timing of purchases, reducing stockpiling and shortages to reduce inventory levels by 50 percent.

Dynamics NAV’s functionality includes, but not limited to:

Analysis Reports

  • Provide company decision-makers with an efficient and flexible way to get meaningful information out of the system to inform day-to-day decisions

Alternative Vendors

  • Manage purchase of the same item from several different vendors

Basic Inventory

  • Set up items that you carry in your stock and specify their unit of measures, costing method, inventory posting group, unit cost, and other properties

Bin

  • Organize your warehouse by assigning items to bins

Cycle Counting

  • Manage this basic method of verifying inventory record data to improve accuracy

Item Budgets

  • Make sales and purchase budgets on the customer, vendor, and item levels
  • After budgets are made, track the actual sales performance by means of calculating the variance

Item Changes

  • Manage item charges. Include the value of additional cost components such as freight or insurance into the unit cost or unit price of an item

Item Cross References

  • Quickly and precisely identify the items a customer is ordering on the basis of item numbers other than your own
  • Cross-reference information from customers, vendors, manufacturers, and more

Item Substitutions

  • Link items with the same or similar characteristics so that if a customer orders an item that is unavailable, you can offer substitute items

Item Tracking

  • Manage and track serial and lot numbers

Item Categories

  • Use item categories to group items into a hierarchical structure

Item Attributes

  • Use item attributes to add custom data, such as color, country of manufacture, size, or product dimensions, to applicable items
  • Define your own type of attribute options

Assembly Management

  • Specify a list of sellable items, raw materials, subassemblies and/ or resources as an Assembly Bill of Materials that comprises a finished item or a kit

Location Transfers

  • Track inventory as it is moved from one location to another

Multiple Locations

  • Manage inventory in multiple locations

Nonstock Items

  • Offer items to customers that are not part of your regular inventory but that you can order from the vendor or manufacturer on a one-off basis

Pick

  • Enable warehouse workers to create a pick from the released order

Put Away

  • Enable warehouse workers to create a put away from the released order

Standard Cost Worksheet

  • Efficiently review and update standard costs with this worksheet
  • Maintain accurate and up to-date inventory costs in a reliable and efficient way

Stock-Keeping Units

  • Manage stock-keeping units (SKUs)


Overview | Manufacturing | Supply Chain Management | Warehouse Management