Five Ways to Make Your Supply Chain More Dynamic: Part 5

Five Ways to Make Your Supply Chain More Dynamic Part 5: Embrace Change

After efficiency, adaptability is the most important thing a well-managed supply chain can offer. And fluctuating economic demands—as well as fickle consumer and business buyers—mean today’s small and mid-sized businesses must move beyond yesterday’s notion of what’s adaptable. Today, we must be prepared to change course daily, not quarterly, moving from this vendor to that vendor; forming mergers and partnerships; and scaling up and down as your suppliers, your market and your margins demand.

Unlike some traditional GP systems, Microsoft Dynamics adapts to how your supply chain works and changes, so it can easily support the addition of new warehouses, the acquisition of new companies, and other changes to the footprint of your business. And with powerful predictive analysis tools, it allows you to gauge the effect these changes will have on your entire business.

There’s nothing more frustrating than when your existing systems cannot handle your growth. Or discovering your systems can’t adapt to the change that’s constant in every business. Microsoft Dynamics GP can handle hundreds of thousands of transactions, so you won’t hit a ceiling in your capacity as your business grows. Speaking of growth, because Microsoft Dynamics GP systems automate core supply chain processes, you can help your team be more productive, so you don’t always have to add costly headcount as your volume increases.

This five-part blog series was designed to identify five strategies small and mid-sized businesses can embrace to make their supply chain simpler, smarter and more profitable. Make a decision today to improve your business every day and see how a business solution from Tridea can make your supply chain more dynamic.

 

5 Ways to Make Your Supply Chain More Dynamic

 

 

 

 

 

 

For more information or to get started evaluating a solution that’s right for you, contact Tridea Partners today!

Contact Tridea Partners

 

Five Ways to Make Your Supply Chain More Dynamic: Part 4

Five Ways to Make Your Supply Chain More Dynamic Part 4: Avoid Disruption

 

Natural disasters. Political unrest. Economic collapses. Even the occasional economic surge. The volatility of our world is an everyday reality for every business, regardless of where it is. Even if your customers and facilities are situated on the same plot of land, your supply chain is undoubtedly global—you’ve got goods and raw materials coming from all over the world. As a result, it’s critical that you can identify and avoid disruptions.

Great plans rely on great data, and that data needs to come from across your business. The predictive analysis tools in Microsoft Dynamics GP allow you to look ahead, paint accurate “what if” pictures, and get a clear sense of how major changes—or even slight fluctuations—could impact your entire business.

And because Microsoft Dynamics GP brings together financial and supply chain management, you can see how changes to your supply chain affect everything from open orders to delivery times, inventory and cash flow, allowing you to predict and contain the impact a supply chain disruption has on your business and your customers.

Armed with this information, you’ll be prepared for almost anything. You’ll know your options. And you’ll know how to craft a contingency plan to help avoid disruption to your business.

Your supply chain is flexible, but it doesn’t have to be fragile. Microsoft Dynamics GP gives you the tools to prepare for and protect your SCM processes—from the ramifications of global events to the deluge of big data. This five-part blog series was designed to pinpoint those interruptions and opportunities, and to demonstrate how Microsoft Dynamics GP makes supply chain management simpler, smarter and more profitable.

 

5 Ways to Make Your Supply Chain More Dynamic

 

 

 

 

 

 

For more information or to get started evaluating a solution that’s right for you, contact Tridea Partners today!

Contact Tridea Partners

 

Five Ways to Make Your Supply Chain More Dynamic: Part 3

Five Ways to Make Your Supply Chain More Dynamic Part 3: Share Ideas, Not Just Information

 

For more than a decade now, collaboration has been the name of the game in supply chain management. Companies have focused on building the systems to collect and share vital supply chain information across their organizations and with their vendors and suppliers.

Today, successful companies need to evolve from simply sharing data to sharing ideas, creating a platform for communicating with every link in the supply chain. Businesses and their supply chain partners need the means to examine the information they have; brainstorm ideas; identify trends, issues and opportunities; and share insight from every perspective.

How? Well, first your have to make sure everyone’s getting the best, real-time look into what’s happening and that you have the right tools to predict what might happen tomorrow.

Microsoft Dynamics GP provides real-time access to all the data and metrics across your supply chain, plus with powerful built-in predictive analysis tools, you can identify trends, predict opportunities and make accurate cost and revenue projections. And by connecting your supply chain, financial management, sales and marketing functions with Microsoft Dynamics GP and Microsoft Dynamics CRM, you get you get an end-to-end picture of your entire business.

Once you’re armed with all the data, you need the technology to connect and share ideas with and across your supply chain. Microsoft Dynamics GP interoperates with Microsoft Office, Microsoft SharePoint, and Microsoft Lync collaboration tools, so you can easily, instantly and securely share information inside and outside your walls. You can also collaboratively analyze data, share ideas, and improve how each part of your supply chain fits efficiently into place.

With the right data and a platform for collaboration, you’ll change each link of your supply chain into an active business partner that can contribute to the success of your company. Next time, we’ll explore how Microsoft Dynamics GP can help track and control the true costs that define your profitability.

5 Ways to Make Your Supply Chain More Dynamic

 

 

 

 

 

 

For more information or to get started evaluating a solution that’s right for you, contact Tridea Partners today!

Contact Tridea Partners

 

Five Ways to Make Your Supply Chain More Dynamic: Part 2

Five Ways to Make Your Supply Chain More Dynamic: Make a Big Impact with Big Data

Big Data seems to be a hot topic in every industry, but what does Big Data really mean for small and mid-size businesses? And how can it improve your supply chain?

We’re all painfully aware of the immense amount of data every supply chain produces—from the manufacturing process to orders, inventory and all the detailed metrics you’ve established to measure, track and plan. Instead of making your supply chain run smarter and faster, the enormity of this data often bogs you down.

So how do you use data to your advantage? By capturing it, translating it and sharing its most essential elements—quickly, across your entire organization, with just the right people.

To really analyze and improve the effectiveness of your supply chain, you first must connect your SCM data with the metrics that matter most to your business. To connect all the pieces of this fast-moving puzzle, you need a truly integrated business management system. And Microsoft Dynamics GP lets you manage your finances and supply chain from a single system.

Once your data is connected, you need the tools to easily analyze it and then use it to make your supply chain work harder. Microsoft Dynamics GP lets your people instantly access the relevant information they need—at a high-level or granular-level—right from home pages personalized to each user. Plus, you can export information into Excel with a simple click, so you can poke and prod your data as much as you’d like, then easily share it around your organization.

Big Data is a big deal when you make it manageable and workable for your supply chain. When you can bring your specific transaction details together with information like weather forecasts, population changes, traffic conditions, etc. you can make a significant impact on your service levels as well as your sales and profitability.

5 Ways to Make Your Supply Chain More Dynamic

 

 

 

 

 

 

For more information or to get started evaluating a solution that’s right for you, contact Tridea Partners today!

Contact Tridea Partners

 

Five Ways to Make Your Supply Chain More Dynamic: Part 1

Supply chain management is no small task when you’ve got hundreds if not thousands of bits of data whirling by as materials come in the door and finished goods go out. To stay on top of it all, you and your team need an efficient system that can automate processes and keep you informed with accurate data that’s easy to get your hands on. In this series of supply chain management (SCM) blog posts, we’ll show you how to get a better handle on the details, adapt when things don’t go according to plan, turn your data into insight, embrace change, and share ideas. Let’s get started with how to go beyond guesstimating.

Follow Actuals, Not Averages.

Tracking costs through your supply chain to get a true sense of what it takes to go from raw materials to delivered product is very necessary, but without the right tools it can be difficult, if not impossible. And traditional approaches to creating and tracking this total landed cost are often based on estimates of numerous individual costs—from average fuel prices to median postage and delivery charges—that make up your total. As a result, your total costs can be anything but accurate.

Getting a real look into real costs from across your supply chain lets you make educated adjustments to pricing, marketing and sales. And that can have a real impact on profitability.

Microsoft Dynamics GP lets you track landed, standard and perpetual costs, so you have a more accurate view of every product that leaves your facility and lands at a customer’s door. From your standard reports, you can drill down to more specific details like costs by warehouse location.

And by connecting your supply chain, financial management, sales and marketing functions, you can run item-by-item profitability analysis across your supply chain and help your sales teams and marketers prioritize the products, locations and types of customers that deliver the greatest profitability.

Plus, Microsoft Dynamics GP provides better audit trails for tracking cost adjustments, so you can ensure changes are recorded, tracked and, of course, fed directly into your financial management process.

5 Ways to Make Your Supply Chain More Dynamic

 

 

 

 

 

 

For more information or to get started evaluating a solution that’s right for you, contact Tridea Partners today!

Contact Tridea Partners