April 18, 2024
We know that the electronics and high tech industry undergo critical challenges. These challenges include shorter product life cycles, unpredictable demand, rapid outsourcing, and price erosion caused evolving worldwide competition.
To meet these challenges, high-tech industry and electronics manufacturers need a electronics manufacturing software and Business Central Electronics Manufacturing Software is the best suited tool to optimize their supply chain, allow complete real-time visibility with customers, partners, and suppliers, and drop time-to-market.
Business Central for Electronics and High Tech Manufacturing
Microsoft Dynamics 365 Business Central, an effective Electronics Manufacturing Software, helps enable high-tech manufacturers make rapid, accurate decisions using real-time data from internal operations, as well as suppliers and customers. Businesses can make the best of Electronics Manufacturing Business Central ERP to more effectively meet customer demands and reduce costs. Offering Electronic Manufacturing Services, Business Central delivers manufacturing solutions that can open visibility to your suppliers around the world.
Business Central Electronics Manufacturing Software Benefits
- Visibility— Business Central Electronics Manufacturing Software helps improve visibility throughout the supply chain and manage your global inventory levels with super ease.
- Real-time Data—You can go with Business Central Implementation for High-Tech Industry to see real-time data and collect customer information to make more data-driven, faster, and more accurate decisions.
- Collaboration— This Electronics Manufacturing Software helps increases product innovation and design and reduce development cycles through manufacturing, suppliers, and customer collaboration.
- Collaboration— This Electronics Manufacturing Software helps increases product innovation and design and reduce development cycles through manufacturing, suppliers, and customer collaboration.
- Security— Businesses in Electronics Manufacturing Industry can take advantage of security-enhanced, web-based products, and technologies.
- Manage and Track Warranties— You can maintain complete and accurate warranty records with Business Central ERP.
Case Study: How NavisionIndia Assisted An Electronics Manufacturing Unit Manage Workflow with Dynamics 365 Business Central?
Company Background: Our client is an electronics manufacturing company specializes in producing cutting-edge electronics and components. To meet its production needs, the company relies on a well-structured procurement process that feeds into their manufacturing operations. However, they were encountering issues related to manual tasks and inefficiencies in both procurement and manufacturing workflows.
Challenges: – The client faced several operational challenges
- Purchase: – The Company faced difficulties in managing purchase requisition and purchase orders, impacting inventory management and causing production delays.inoday helped to streamline the purchase with different vendors on the basis of “make”, “Lot”, “procurement on different units” “Pricing analysis”, “MRP”,
- Budget allocation challenge: – Budget allocation was not aligned with actual needs, leading to overruns and underspending.inoday helped to streamline the budgeting with processes like “Amount basis approvals”,” different levels of Budget Control” , ”Analysis reports of Budgeted Vs Actual”
- Document Posting: – Documents, such as Purchase invoices, Payment and receipt document or change requests, were occasionally posted without proper approvals, leading to discrepancies. There was a need for a system where users must obtain approval before documents could be posted.
- Vendor GST Reconciliation Challenge: Reconciling vendor GST records with financial systems was error-prone and challenging.inoday helped to streamline the GST reconciliation by configuring applicable GST reports & analysis.
- Inventory management:The company encountered significant challenges in inventory management, including maintaining accurate records, lack of real-time visibility, manual reconciliation processes, excess and obsolete inventory, frequent stock out incidents, overstock situations, and inefficient reorder processes, all of which hindered operational efficiency and profitability.
Solutions Implemented:
- Scheduler-Driven Purchase: – Introduced a scheduler that generates purchase orders based on budget allotment through purchase requisition, ensuring timely procurement and smoother production processes, reducing delays and errors.
- Data security: -Restrict users from creating and posting documents for which they did not have proper permissions. Each user had limited access to their work, ensuring document integrity and data security.
- Budget Management:With the Budget feature in Business Central, our client can:
- Create multiple budgets for identical time periods.
- Create simple or complex budgets by selecting a combination of G/L account, period, two global dimensions, and four budget dimensions.
- Copy budgets from previous periods and revise actual figures or budget figures by using an adjustment factor.
- Export budgets to and import budgets from Excel.
- Approval Workflow: Implemented an approval workflow system that required users to obtain necessary approvals before posting critical documents related to production. This ensured that Purchase/Sales, change requests, and other documents were reviewed and approved by the appropriate parties before execution.
- CRM and Business Central Integration:Integrated Customer Relationship Management (CRM) and Business Central ERP systems to provide a unified view of data and transactions across procurement and manufacturing, improving decision-making and customer management.
- Vendor GST Reconciliation Automation:Developed an automated system for reconciling vendor GST data with financial records, if find any mismatched data then system shown GST mismatch in vendor.
- Email Automation: – Automated email notifications for critical actions, such as purchase order approvals, invoice processing, and email to client.
- Inventory management: – The Company utilized Microsoft Dynamics 365 Business Central to achieve real-time inventory trackingto provide accurate and up-to-date information on inventory levels.
- Improved BOM Management: The solution has enabled the company to manage its bill of materials (BOM) more efficiently, ensuring the accurate tracking of components and reducing waste.inoday helped to simplify BOM process by aligning process of booking Consumption against BOM Master, Analysis of estimated Items qty & Consumptions of Materials against BOM.
- Increased Customer Satisfaction: The solution has enabled the company to manage its sales and order processing more efficiently, track order status, and optimize order fulfillment. This has resulted in increased customer satisfaction.
Results:
- Reduced procurement and manufacturing cycle times.
- Achieved better control over budgets, leading to a 15% reduction in overspending across both procurement and manufacturing.
- Improved vendor relationships through timely payments and streamlined communication, benefiting manufacturing operations.
- Enhanced data accuracy and reduced manual errors in both procurement and manufacturing processes.
- Increased visibility into financial and production data through CRM integration.
- Eliminated the risk of GST-related compliance issues.
Conclusion: By addressing the challenges in both procurement and manufacturing processes, the electronic manufacturing company successfully optimized its operations. The implementation of automation, integration, and streamlined workflows improved efficiency, cost control, and vendor relationships, ultimately contributing to the company’s continued growth and success across its manufacturing and procurement endeavors.
At NavisionIndia, you can connect to certified and skilled Dynamics F&O, NAV/Business Central Consultants to make the most of Business Central Electronics Manufacturing Software and drive successful Business Central Implementation. We are committed to innovation and deliver an out-of-the-box approach to solve mission critical issues efficiently.
For more details on ERP for Electronics Manufacturing, write to us at info@navisionindia.in Or Schedule A Demo