April 18, 2024
Wholesale businesses can use the fundamental capacities of an innovatively organized programming suite to conquer key hindrances and scale with more noteworthy productivity than previously. Especially, keeping a huge stock with effectiveness is a quite a problem. In such a case, Microsoft Dynamics NAV Wholesale Distribution is the ultimate solution to gain a competitive edge and drive higher profitability.
What is NAV Wholesale Distribution?
Microsoft Dynamics NAV Wholesale Distribution is a preferred choice for reviving wholesale distribution operations. This ERP software for wholesale distribution provides unparalleled flexibility to meet unique business needs and drive greater efficiency. This robust business software suite allows wholesale distributors to assess every aspect of the wholesale business, including costs, revenue, sales orders, warehousing, and shipping. NAV, which is now re–packaged as Business Central, offers the technology enhancements required to scale up wholesale business, multiply business benefits, and retain a delighted clientele.
If you are a growing wholesale distributor, you can go through the following capabilities NAV, an ERP for Wholesale, offers to mitigate inventory challenges and optimize inventory at all levels.
NAV ERP for Wholesale Features
Inventory Management
You can set up items that you convey in your stock and determine their units of measure, costing strategies, stock posting gatherings, unit cost, and cost, and different properties.
These may include:
- Post item transactions—Sales, purchase, negative and positive adjustments from item journals.
- Quantity and cost records of the posted transactions. For the most part, it provides the foundation for inventory valuation and other costing calculations.
Moreover, this Wholesale ERP is integrated with General Ledger. Additionally, it is unified with the posting processes in Sales and Receivables and Purchase and Payables. This enables proper configuration of all other Inventory granules.
Bin Management
Administrators in the wholesale distribution business can sort out their distribution center by allocating items or products to bins. One can play out this bin assignment or allocation as the thing diaries or straightforwardly on the document lines.
Stock-Keeping Units
Administrators can manage stock-keeping units for identical items with the very thing number that can be put away in various areas and oversaw separately at every area. Also, this ERP for Wholesale allows them to add cost costs, renewal, and creation data, in view of the area.
Item Budgets and Charges
An extensively engineered Wholesale ERP Software empowers organizations to make deals and buy spending plans on the client, seller, and item levels, and in the two sums and quantities. Here, one can get ready and record a business spending plan to act as info. This can help chiefs in other functional regions, like purchasing and logistics.
In addition, business administrators or decision-makers gain bits of knowledge about future expected request, which they can remember for business conversations with the clients. When the financial plans are ready, one can follow the genuine sales performance by computing the difference. Also, inventory planners can oversee things or items charges by including the worth of extra expense parts, for example, cargo or protection into the unit cost or unit cost of an item or product.
Assembly Management
With the deployment of Microsoft Dynamics NAV Wholesale Distribution, you can avail of this capability to specify a list of sellable items, including raw materials, sub-assemblies, or resources as Assembly Bill of Materials. These assemblies comprise a finished item or kit. You can involve gathering orders in this ERP for Wholesale to recharge get together things to stock or catch the client’s exceptional necessities to the unit’s bill of materials straightforwardly from the sales quote, blanket, and order line.
Location Management
One of the most extensive features of this intuitive Wholesale ERP software suite is its location management. Here, you can track inventory as it moves starting with one area then onto the next. Then, you can represent the value of stock in the transit and at different areas also.
Furthermore, this ERP for Distributors helps them manage inventory in multiple locations that can be a production plant, distribution centers, warehouses, showrooms, retail outlets, and service cars.
Product Tracking
With this inventive capability, you can manage and track serial and lot numbers. Leveraging NAV for Wholesale operations enables you to assign serial or lot numbers both manually or automatically. With this, you can receive and ship multiple quantities with serial or lot numbers from a single order line entry.
To gain unmatched success, drive higher efficiency, and retain greater productivity in the long run with wholesale distribution software solutions, you can connect to an acclaimed NAV/Business Central service provider. At NavisionIndia, you can consult with our NAV/Business Central Consultants, who let their expertise and experience add value to your business growth and expansion.
For more details around ERP Software for Distributors, write to us at info@navisionindia.in Or Schedule A Demo