As we’ve already discussed in previous articles, Microsoft Dynamics NAV (formerly Navision) improves your financial management strategies and gives you the tools to create the reports your company needs. What you may not know about Microsoft Dynamics is that it contains many features that can vastly improve supply chain management. Consider the following supply chain management features included in Microsoft Dynamics NAV:
Sales and Receivables
Microsoft Dynamics NAV allows users to set up ship-to-addresses for specific customers who have multiple invoicing and shipping addresses. The software also maintains a customer table, allowing users to post sales transactions in journals, manage receivables using journal entries, and register customers. Multiple calendars can be set up for each customer, vendor, location or company, and calendar entries are used in date calculations on sales orders, purchase orders, transfer orders, production orders, services orders and more.
Microsoft Dynamics NAV also features the following modules to assist in the sales and receivables process:
- Campaign Pricing
- Order Promising
- Sales Invoicing and Sales Invoice Discounts
- Sales Line Discounting
- Sales Line Pricing
- Sales Order Management
- Sales Return Order Management
- Shipping Agents
Users can calculate U.S. Sales Tax (and use tax) and set up individual tax areas for each customer or vendor. Within Microsoft Dynamics NAV, sales tax can be calculated from the general journal lines.
Purchase and Payables
Microsoft Dynamics NAV offers users a basic payables module. In it, users can maintain vendor tables, post purchase transactions in journals, and manage payables. Vendor ledger entries can be created using the general journal entries. The software also allows users to manage multiple addresses for individual vendors.
Sales and purchase orders can be linked, and – once the items have been shipped to the vendor – those can be linked to the customer. Users of Microsoft Dynamics NAV can set up, post and print purchase invoices and purchase credit memos, as well as calculate invoice discounts automatically. In addition, Microsoft Dynamics provides users with the tools to:
- Drop shipments
- Negotiate prices with vendors
- Manage the purchase order and purchase order return process
- Automate the requisition process
To learn more about the supply chain management features included in Microsoft Dynamics NAV, download your copy of the “Microsoft Dynamics NAV: Product Capabilities and Business Ready Licensing Granule Guide”.