Microsoft Dynamics NAV has powerful functionality to manage warehouse and inventory management and includes Item Budgets, Planning Transparency, Standard Cost Worksheet and Price Management as well as additional enhancements and new features in the latest version – Microsoft Dynamics NAV 2013.
These new features and enhancements to the Supply Chain Management / Warehouse and Inventory Management module provide more functionality, insight and control into your business processes.
The Microsoft Dynamics NAV 2013 Warehouse and Inventory Management features include:
Item Availability by Timeline
New business data visualisation capabilities in Microsoft Dynamics NAV 2013 include Timeline Visualisation, which provides a unique way to view and analyse Item Availability. This enables you to see a graphical view of the expected inventory level for a specific item or stock-keeping unit over time.
Item Availability by Event
See projected inventory figures by demand or supply event. The Item Availability by Event window has information about the dates when figures change because of an event, such as a sales order or purchase order. You can filter to also include forecasted figures and planning suggestions.
With Inventory Movements, companies gain accurate insight into inventory and stock levels, the location of items in the warehouse, and can avoid ordering materials that may already be in stock.
Additional Default Bins and Dedicated Bins
New integration enhancements extend warehouse functionality into the production area to improve the inbound and outbound flow from production. Dedicated Bins enables users to better manage the flow of items in and out of an internal operation area.
Enhanced Integration to Service Management
Microsoft Dynamics NAV 2013 provides enhanced integration to Service Management to streamline operations by aligning the process of shipping service items with the warehouse.
Reduce inventory and boost customer service. New assembly management functionality is integrated with the entire supply chain suite – including Sales, Supply Planning, Warehousing, Inventory Management and Item Tracking to support assembly, light manufacturing and kitting.
The new NAV 2013 Warehouse and Inventory Management enhancements include:
Supply Planning Setups
Control planning suggestions and optimise supply according to inventory and ordering cost. Five reorder period fields have been added to the item card planning parameters. The user can setup specific dampeners ensuring that minor order changes are avoided. Two new global setup fields have been added to the Manufacturing Setup window to determine how to reorder when item cards do not have a specific planning parameter.
Automated Data Capture System
Use as a primary tracking system for the movement of goods on the warehouse floor. It also simplifies and stabilises the connection between the VT100 Plug-in handheld (a handheld device to scan barcodes on goods) and the application server for Microsoft Dynamics NAV using TCP sockets. This feature has been enhanced in Microsoft Dynamics NAV 2013 to utilise web services for improved performance.
Enable warehouse workers to create a pick from the released order. Or manage the pick from a separate user interface when shipping items in an order-by-order environment.
Plan material requirements based on demand, with support for master production scheduling and materials requirements planning.
Understand item costs throughout the production process, including inventory, work in progress (WIP), and cost of goods sold (COGS). Recent enhancements include costing data trustworthiness; an inventory period closing feature; corrected principles behind cost-adjustment batch jobs; traceability; revisited principles behind posting inventory value entries to general ledger; new reporting tools; improved cost reversal (returns) process support; resilient costing-related batch jobs; the possibility to undo item entry application; simplified costing setup on the item card; and a periodic average costing method.
Control items through serial numbering and lot tracking for improved and detailed visibility, quality control, and the reduction of errors. Manage the receipt and shipping of multiple quantities with serial or lot numbers from a single order line entry. It also helps you manage warranty and expiry dates. The most recent improvements include new tracking functionality; Item Tracking enhancements; and first-expired, first-out criterion.
If you would like to find more about the new and improved features of NAV 2018 and how it can help your business please contact Advantage today.