Parenting tips for your bundle of ERP joy

When I think about the importance of a proper supply chain management process, I can’t help but compare it to the responsibilities of parenthood and bringing up a child. You’ll have to stick with me on this, as I imagine some of you are a little sceptical about this analogy…

Supply chain management is all about overseeing the lifecycle of a product, from the very beginning when it’s just a bundle of raw material joy until its ready to fly the nest and move on via the distribution network and into the real world. See what I mean? Parenthood. For those still struggling with this metaphor, allow me to further elaborate. Each stage of raising a child can be compared to efficient supply chain management. Let’s break down the process:

-          Raw material: starting the journey as nothing more than a twinkle in your eye, your product is conceived.

-          Development: with ideas and insight, you’ll help it through the early stages of growth

-          Manufacture: Congratulations, your product is born! With education, valuable life lessons, and support, your product will continue to flourish.

-          Distribution: now that you’ve done everything you can to support your product, it’s time for it to fly the nest and begin its new life.

Of course, bringing up a child isn’t that simple or straightforward and there is no one-size-fits-all solution. Bringing up a child is hard work, especially when it comes to keeping track of their progress, development and the everyday costs of bringing them up. But imagine how easy it could be if you had the help of an ERP solution like Microsoft Dynamics NAV to keep a track on all of the above stages! Sadly, parenthood isn’t that easy, but supply chain management could be!

When it comes to running your business, an ERP (Enterprise Resource Planning) solution like Microsoft Dynamics NAV gives you a holistic view of your supply chain activities, which is critical for measuring the efficiency of your company. What’s more, it also provides you with the right type of control of your supply chain thus ensuring that everything runs like clockwork. With more efficient employees and procedures, more control over costs, you’ll be able to provide better customer service and increase profits.

Microsoft Dynamics NAV allows for better collaboration between departments and employees. From a parenting perspective, that kind of support and communication makes raising a child a little bit easier. Dynamics NAV will also make your processes more productive as your people will have the information they need at their fingertips. If only it was that simple to have the parenting handbook at our fingertips too!

Dynamics NAV gives users some much-needed insight that empowers businesses to make the right decisions for themselves. This could be the selection of the right vendor, managing costs & shipping times or just managing warehouse needs more efficiently. All of these factors will give you the foresight to actively plan cash flow and to provide proactive customer service.

In a nutshell, NAV also allows you to:

  •          Streamline the purchasing and receiving processes;
  •          Improve inventory management by reducing the amount of stock you hold but still be able to meet the demands from customers;
  •          Understand the buying trends of your customers, manage seasonal purchases and know when and what your customers are going to buy;
  •          Make better buying decisions, choose the right supplier and negotiate better prices;

NAV has not been designed as an ‘out of the box’ solution; its biggest selling point is that it is completely customisable right across your business, including your supply chain. It can be developed around the way your business operates meaning you are not limited to the system’s capabilities.

When it comes to raising a child or implementing a new ERP system, it’s all about getting the right support. For example, if you were considering schools for your child, you’d send them to the best school possible. Likewise, as a business, you’ll want to work with someone that has experience of your industry and has previous experience of implementing NAV in this environment. You wouldn’t put your child in a poor educational facility just as you wouldn’t employ a vendor that knows nothing about your industry.

If you’re ready to face the responsibilities of proper supply chain management, give us a call and we can give you the support you need.

Article written by Mark Blackmore, Head of Telebusiness

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