Microsoft Dynamics NAV Inventory Management: 4 Key Advantages

Microsoft Dynamics NAV inventory management is a proven ERP (Enterprise Resource Planning) solution for small to mid-sized companies, especially if you are a wholesale distribution or manufacturing company. Microsoft Dynamics NAV’s latest enhancement, NAV 2013, has many new features for better inventory management. We will highlight some of the inventory management features in part 2 of this blog series. Most wholesale distribution and manufacturing companies are all looking for one big thing when considering moving to a modern ERP system: a way to better manage their Stock Keeping Units (SKU’s).

Here are key advantages with Microsoft Dynamics NAV 2013 inventory management:

1. Multi-Location for Identical Items:  Identical items with the same item number can be stored in different locations and managed individually at each location: add cost prices, replenishment, manufacturing information-all based on location.
2. Item Tracking:  Now Microsoft Dynamics NAV allows companies to assign serial or lot numbers manually or automatically, and receive and ship multiple quantities with serial/lot numbers from a single order line entry.
3. Location Transfers:  This is a method to track inventory as it is moved from one location to another and account for the value of inventory in transit along with various locations. Location transfers is a big win for better inventory management and this functionality is now available.
4. Non Stock Items:  This feature in Microsoft Dynamics NAV allows for the option to offer items to customers that are not part of your regular inventory but that you can order from the vendor or manufacturer on a one-off basis.  Such items are registered as non stock items but otherwise are treated like any other items.

View all of the features in Microsoft Dynamics NAV 2013

If you have additional questions about Microsoft Dynamics NAV inventory management software solutions or any other questions about this blog, please contact us here or you can call 717.704.1000 ext.3010. You can also email us at info@icepts.com. Since 1980, iCepts Technology Group has been offering the “Best-of-Class” technology solutions to help companies streamline their specialized business departments and become more efficient and therefore profitable. Our WMS and ERP consultants have implemented hundreds of systems throughout the Mid-Atlantic Region spanning from Ohio, Pennsylvania, New York, New Jersey and Virginia. We can help your company determine the appropriate technology fit. Discover why customers have been with iCepts for so long; our vast industry knowledge, friendly personnel and superior customer service!

As experienced SCM, WMS and ERP consultants and value added resellers (VARs), we provide start to finish services for the solutions we represent Microsoft Dynamics NAV for Distribution and Manufacturing, Accellos Warehouse Management System (WMS), Server virtualization, open source VOIP phone systems and infrastructure and security. We provide services that cover process analysis, implementation, training, security and networking. Naturally, we also provide full ongoing support for years after implementation to help our clients succeed. We are your one stop shop for your business technology needs.

About iCepts Technology Group, Inc. Middletown, PA

We are a Microsoft Dynamics NAV Partner offering implementation, service, and support for Microsoft Dynamics NAV in: PA, DC, DE, MD, NC, NJ, NY, OH, VA, WV, and the entire Mid-Atlantic Region. We also offer implementation, service, and support for Accellos One Warehouse Management Systems in: PA, DC, DE, MD, NC, NJ, NY, OH, VA, WV, and the entire Mid-Atlantic Region.
Phone 717.704.1000

Email   info@icepts.com

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Another version of this blog was posted by Greg Miles at iCepts on August 6, 2014:   http://www.icepts.com/getting-to-know-microsoft-dynamics-nav-for-better-inventory-management-part-2/