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    Dynamics 365 Finance & Operations in Manufacturing: Boost Productivity with Smarter Fiscal Management - Evolvous

    Dynamics 365 Finance & Operations

    Productivity in manufacturing not only depends on optimizing operations but also on how effectively you manage your financial and other resources. Modern manufacturing operations often rely on technology to optimize operations and management. Dynamics 365 Finance and Operations, a key component of the Dynamics 365 suite of applications, can prove to be an effective tool for the manufacturing industry when it comes to improving productivity with smarter fiscal management. 

    Evolvous develops and deploys custom solutions for manufacturing solutions. Our services are often based on Microsoft products like SharePoint, Power Platform and of course, Dynamics 365. We believe that innovative use of Dynamics 365 in manufacturing can help you improve productivity and increase return on investment through smarter fiscal management. 

    GET CUSTOM SOLUTIONS FOR MANUFACTURING:

    To explore our range of solutions for the manufacturing industry, click here 

    What is Dynamics 365 Finance and Operations? 

    Dynamics 365 Finance and Operations is an Enterprise Resource Planning (ERP) solution developed by Microsoft. It is a constituent of the broader Dynamics 365 suite of applications, which are specifically designed to streamline and enhance various aspects of business operations. Dynamics 365 finance and operations focuses on monetary management, supply chain management and manufacturing for large and medium-sized enterprises. 

    Evolvous is a certified Microsoft Gold partner, offering a wide range of solutions for Dynamics 365. Visit our Dynamics 365 page to find out more about our services. 

    The Advantages of Using Dynamics 365 in Manufacturing 

    Here are some the advantages of using Dynamics 365 finance and operations for your manufacturing business. 

    Dynamics 365 Finance & Operations in Manufacturing - Evolvous

     

    Productivity KPIs You Can Improve with Dynamics 365 Finance 

    Higher Production Efficiency

    Lack of real-time visibility into production processes often hinders efficient planning and monitoring. This leads to delays, downtime, and inefficient utilization of resources.  

    How Does Dynamics 365 Finance Help?

    With Dynamics 365 Finance and Operations, you can get real-time insights into your production workflows. This allows for optimal utilization of resources, and even streamline workflows, thereby improving overall production efficiency. This enables better planning, scheduling, and monitoring of manufacturing operations. 

    Faster Inventory Turnover 

    Traditional inventory management strategies result in inefficiencies like high carrying costs, stockouts, or excess stocks, leading to cost overruns. These are often caused by inaccurate demand forecasting, and consequent inefficient planning. 

    How Does Dynamics 365 Finance Help? 

    Dynamics 365 for finance and operations comes with advanced yet easy-to-use tools for demand forecasting, inventory optimization and even analyze the performance of suppliers. You can even integrate Microsoft Power BI with your Dynamics 365 Finance and Operations, create data models which would help you predict market demands as well as production bottlenecks more accurately. 

    Optimized Order Fulfilment Cycle Time 

    Another advantage of using Dynamics 365 in manufacturing is that you can reduce the time taken to fulfill orders. Traditional order fulfilment systems rely on manual and disjointed processes in order processing, inventory, and production. This often results in prolonged order fulfilment and even potential delays. 

    How Does Dynamics 365 Finance Help? 

    With Dynamics 365 finance and operations, you can fully integrate order processing, managing inventory and product planning – all from one single dashboard. By unifying processes, you can reduce the order fulfillment cycle time. 

    Integrating Power BI with Dynamics 365 Finance and Operations will also help you create predictive analysis models that will help you uncover production bottlenecks and discover opportunities that help you to save costs. 

    Better COGS Management

    The Cost of Goods Sold (COGS) is one of the major KPIs that the finance department of any manufacturing business needs to track regularly. However, finding ways to improve the COGS is a major challenge that many financial managers face. 

    How Does Dynamics 365 Finance Help?

    Dynamics 365 for finance and operation, when setup efficiently, can allow you track your COGS in real time. Not only that, but you can also look at individual factors of COGS like raw materials and labor costs as well as manufacturing overheads. This would help you identify areas where you can save on COGS and get increased profitability. 

    How to Implement Dynamics 365 Finance and Operations for Your Manufacturing Business?

    At Evolvous, we follow a structured approach to implement Dynamics 365 finance and operations. This helps us to reduce the time to deploy, ensure faster adoption and get the desired results. Here are the steps that we normally go through to implement Dynamics 365 for manufacturing: 

    STAGE 1:  Planning and Preparation 

    This is the most important stage of the process. We start by having a detailed discussion with your team to ensure that we clearly understand what your goals are. Here are some of the things that are normally included in this stage: 

    1. Scope definition: We start by identifying by modules and functionalities within Dynamics 365 Finance that are relevant to the manufacturing industry. 
    2. Business process analysis: Our team will identify the areas for improvement and optimization and align with the functionalities of Dynamics 365 for finance and operations. 
    3. Data migration strategy: It is important to have a well-planned strategy to migrate your data from existing ERP systems that you might be using to Dynamics 365. This includes data cleansing, mapping, and validation. 

    STAGE 2: Configuration and Customization 

    At this stage, we will be working towards designing and developing a custom solution for your needs, leveraging the key capabilities of Dynamics 365. 

    1. System configuration: We will customize and configure Dynamics 365 finance and operations, based on your specific requirements. Our team will set up parameters, set user roles and create workflows as required for your operations. 
    2. Integration with Your Existing Systems: To ensure optimum performance, you will need to integrate the Dynamics 365 module with your existing systems. This might include systems like the ones for production planning, quality management, and shop floor control. We will ensure that the data is seamlessly exchanged between different systems.  
    3. Pilot Testing: We would conduct a ‘pilot test’, with a select group of users to validate the configured systems. All feedback will be collected, underlying issues will be identified, and necessary adjustments will be made before full scale deployment. 

    STAGE 3: Deployment and Optimization 

    Finally, the customized solution will be deployed. However, even after the system is deployed, we will monitor and optimize the system to meet your changing needs. 

    1. Data Migration: We will execute the data migration plan, as formulated during the planning and preparation stage. After the data is migrated, we will verify data integrity to ensure a smooth transition. 
    2. Selecting the Date of Deployment: Our team will help you plan the deployment schedule. It is recommended that the least disruptive time for your manufacturing operations be chosen. We would monitor the deployment process, fix issues, and provide complete support to the users during the initial phase. 
    3. Performance Optimization: The entire system will be constantly monitored, with the aim of discovering opportunities for optimization. We will also implement updates and scale up systems as required. 

    GET STARTED TODAY: Transform your manufacturing process with our custom solutions for Dynamics 365. Contact our team to discuss your project and how our certified Dynamics 365 consultancy services can help you.

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