Question

Describe how Microsoft keep enough inventory quantities on-hand during uncertainties to meet the growing customer demands at the same time of reducing inventory costs to provide cost savings to Microsoft

Answer 1

Microsoft Dynamics GP

1. Microsoft Dynamics GP ERP software provides inventory tracking and management.
2. Operating costs will be reduced by maintaining clear and accurate view of stock.
3. Flexible pricing schemes for specific customers.
4. Maintaining proper track on inventory ensures fast and efficient order fullfillment.
5. Software provides advanced planning which helps in maintaining inventory and plan for future.
6. Reporting tool offer detailed analysis of inventory with standard reports which includes price list, item list, Turnover and stock status.

Benefits of Microsoft Dynamics GP

• Enhanced Efficiency- MS software hepls to manage stock purchases and automating annual stocks (creating orders and invoices) that are required for managing inventory easily.
• No more stockouts-When stock gets low MS software will send alert so that il will help to keep track on stocks.This way it helps to avoid running out of stock or keep more stock than necessary.
• Reduce human errors-Ms software helps to maintain inward and outward flow of the stocks without errors.
• Bird's Eye view- With the help of the software dashboard 360 view of inventory data to product is directly accessible.
• Decrease Opertional costs- Software helps in bringing opertional costs low drastically by maintaing proper track on inventory.

MS Inventory Software Features

• Stock management
• Serial number management
• Sales performance measurement
• Generate purchase order and invoices
• Low stock management alert
• Manage warehouse
• Generate account reports of debit and credit
• Inventory reports and history of stocks