Five Ways to Make Your Supply Chain More Dynamic Part 3: Share Ideas, Not Just Information
Updated: Jul 28, 2021
This is the third post in our five-part series Five Ways to Make Your Supply Chain More Dynamic. Running an efficient and adaptable supply chain can make all the difference in profitability and growth. We’ve previously looked at how finding actual costs is key to cutting out inefficiencies and how big data can have a big impact on your business. Today, we’ll discuss true collaboration in the supply chain.
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 365 Business Central 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 365 Business Central and Microsoft Dynamics 365 Sales, you get you get an end-to-end picture of how 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. Business Central interoperates with Microsoft 365 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 Business Central can help track and control the true costs that define your profitability.
Until then, enjoy a free 30 trial of Microsoft Dynamics 365 Business Central.
