Improve procurement and sourcing with Dynamics 365 Supply Chain Management
Microsoft Dynamics 365 Supply Chain Management is a smart solution designed to optimize end-to-end supply chain operations and other critical business processes. D365 Supply Chain Management covers the whole supply chain processes i.e., you, your vendors or suppliers, and your customers.
Apart from supply chain operations, the solution offers capabilities to manage inventory, distribution, production, planning, asset management, cost management, and more. It also provides a complete view of inventory, warehouse, manufacturing, and helps decision makers to make confident decisions.
When you decide to take advantage of supply chain capabilities offered by Dynamics 365 SCM, get the professional guidance from the experienced Microsoft Dynamics 365 Partners.
IAX SERVICES is a Microsoft Gold Partner with years of expertise in the vertical of Dynamics 365 implementation. We have a pool of talented and experienced Dynamics 365 ERP consultants who helps you easily manage supply chain operations and finance processes and gain more agility to respond to market changes quickly.
As a leading Microsoft Dynamics 365 Partner in UAE, Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, Kenya or anywhere in the MENA region, we help you with customization, integration and support.
Here we cover one of the critical aspects of supply chain, i.e., procurement and sourcing.
What is procurement and sourcing?
Procurement
Procurement refers to the process of buying the things you need to operate in a useful and desirable way. It starts when supplier contracts are signed. It includes various processes like
- Purchase requisition
- Send purchase order
- Accelerate the process
- Receiving goods
- Invoice processing
- Payments
Sourcing
Sourcing is finding the right suppliers of the materials you need. Vetting the suppliers helps you achieve cost savings and best value for the materials you procure. Sourcing happens prior procurement and it includes various processes such as
- Defining the purchase needs
- Assess the market
- Identify and evaluate potential customers
- Select the right suppliers
- Onboarding the supplier
Dynamics 365 Supply Chain management supports procurement and sourcing – identifying the need for product or services to procuring the product to receipt and invoicing to payment processing with vendors.
Procurement process can be configured based on your business requirements by defining purchase policies and workflows.
Here are the procurement and sourcing processes that you can create
- Purchase requisition for materials you want to use
- Quotation Request
- Vendor management and collaboration
- Create purchase orders
- Purchase order overview and purchase order creation
- Create a repeat purchase order
- Create purchase order from the sales order
- Purchase order for a one-time supplier
- Purchase order with a delivery schedule
- Create purchase return order
- Create purchase agreement
- Procurement and sourcing workflows
Procurement and sourcing
Dynamics 365 SCM simplifies your procurement process from setting up and maintaining procurement catalogues to creating purchase requisition for the products you use to purchase order preparation to product receipts and invoicing and more. Spending limits in Dynamics 365 SCM helps you limit requisition spending.
Workflows
Dynamics 365 Supply Chain Management allows you to create workflows for easy procurement and sourcing. You can optimize your procurement through these procurement workflows. Workflows help your business reduce errors, reduce manual tasks, enhance productivity, and work culture. You can easily negotiate prices and discounts with various conditions in purchase agreements. Rebate agreements can be created with vendors which helps you get discounts depending on the purchase volume or amount.
Delivery requirements
Dynamics 365 SCM provides different options to keep track of delivery requirements efficiently. You can create a delivery schedule if the same item must be delivered in multiple shipments. For example, if a customer wants a delivery of 600 tables in batches of 100 tables over a period of 6 months, you can create a delivery schedule.
Vendor collaboration interface
You can maintain a range of information about your purchase orders, invoices, and stocks to external vendors through the vendor collaboration interface. Exposure to these information helps you maintain and develop good relationships with vendor, opening doors to more opportunities and growth. The solution centrally manages information about your products across the supply chain. With proper management of data, you can efficiently manage processes related to your products.
Dynamics 365 supply chain management system is adaptable. It responds to the changing market needs quickly. It enable your procurement and sourcing department to make informed decisions and gain complete visibility into your stock, ensure availability of products, resolve problems with customers in quick time, automate day to day operations and accelerate restoration of out-of-stock products and more.
Make your procurement and sourcing easy with Microsoft Dynamics 365 Supply Chain Management
If you focus on improving your procurement and sourcing for your business, partner with global Microsoft Dynamics 365 implementation partner like IAX SERVICES. We have transformed many organizations to optimize and simplify their supply chain operations with Microsoft Dynamics 365 Supply Chain Management.
Why IAX SERVICES?
Implementation: Our Dynamics 365 SCM professionals helps you choose effective licensing plan and deploy supply chain solution based on your business needs
Customization: Customize D365 SCM if necessary in line with your business needs to efficiently manage your business
Integration: Integrate the solution with Microsoft 365, Microsoft Power Platform, other Dynamics 365 applications and third-party systems
End-to-end support: Experienced and dedicated technical consultants are at your disposal to handle unexpected issues coming out of the solution and to resolve user queries
Consulting: D365 SCM consultants provide expert guidance regarding how SCM solution benefits your business and improve business performance and growth
Migration: Our certified Dynamics 365 consultants help you make a smooth transition from your legacy ERP system to Dynamics 365 SCM.
Speak with our Dynamics 365 experts today and know how Microsoft Dynamics 365 Supply Chain Management will help improve procurement and sourcing.
