Leverage The Power of Business Central for Trade and Distribution

The COVID-19 is one of the biggest catalysts to digitalization paving way to a new era. The digital transformation in businesses has increased productivity, performance, and efficiency but it has also increased competition. Digitization and digital connectivity contribute to reducing the cost of domestic trade by 0.3 percent while this reduction is 0.1 percent for international trade. According to the World Trade Organization, after a -1.2% decline in trade volume in 2023, world merchandise is expected to grow by 2.6% in 2024. Especially for small to mid-sized enterprises, adhering to the shifting trends is essential to survive in this fluctuating and fast-evolving era of businesses.

Working harder pays off, however, this is the era where time is money and smart work is wisdom. As an SME owner, you are responsible for multiple tasks ranging from planning and sourcing material goods to ensuring the products reach their destination. Smooth and efficient completion of tasks can be ensured by streamlining your operations. An automated and intelligent solution that can come up to your organizational needs is a win-win tactic. Microsoft Dynamics 365 Business Central as an integrated and end-to-end managed ERP solution takes your organization to a height. With Business Central, an 18% increase in productivity in finance operations is noted while ROI over 3 years is as high as 172%. With all its high-tech features, it is best suited for all business needs for trading and distribution.

This blog highlights the significance of choosing Business Central in trade and distribution. Let’s explore together.

Optimizing Trade and Distribution in Business Central

Dynamics 365 Business Central as an ERP solution helps you transform your business landscape and operations. From improving the fiscal value of your organization to helping you boost your sales, you can improve your warehouses, inventories, supply chain, and logistics. All this is very important and trade and distribution. Let us find out how Business Central is the best pick for trading.

Inventory Insights: The first thing you need to stay updated with for your trade and distribution is the capacity and availability of goods in inventory. In order to meet demands, you must know if you have sufficient goods or if you are short of them. Business Central allows you to have an insight into your inventory which helps you to keep up with the number of available goods. It helps in taking order and execution as you know exactly the availability and capacity of your inventory. You can monitor your inventory, manufacture new stock as order approaches, and efficiently process orders to optimize the cost, time, and space of your inventory.

Streamlined Sales and Purchasing: Managing orders effectively requires a lot of effort, workforce, and resources. Manual management makes it readily prone to errors and can affect your organization’s name. Dynamics 365 Business Central brings an intelligent and automated feature for you to manage your sales and purchases with ease. Now your orders are made, and processed, and invoicing is done with high speed which results in completing your orders on time and maximizing customer satisfaction with it. It enhances the development of your trading by improving the relationship and optimizing the purchase and payment modes of the business. It surfaces high-value leads by delivering exceptional services to customers.

Real-time Dashboard: making informed and data-driven decisions for trade and distribution is pivotal in order to get the desired growth and agility. The analysis and reporting feature in Business Central takes the data from your warehouses, inventory, sales departments, supply chain, and other relevant areas to help you inform and forecast the future course of action, financial situation, and market value which helps you decide what should be your next step to give a stellar performance. This feature tracks the KPIs and other data to improve your overall efficiency and productivity. The trends and results from this feature can help you re-strategize or continue with existing patterns based on the level of success it is driving.

Supply Chain Management: The supply chain is the backbone of your business driving it from raw material sourcing to final product delivery. Supply chain management with Business Central monitors your goods, how the competitive market is doing, their stocks, and analyses the performance of the supplier. It optimizes the whole process by managing your trading from scratch start of manufacturing, and insights into inventory to forecast in case of new incoming orders. This whole process is streamlined with the use of artificial intelligence and sophisticated intelligent tools and plugins which allow you to maximize profitability. Whether it is sourcing, manufacturing, inventory, warehouse, or logistics, every step is optimized with Dynamics 365 Business Central.

Integration with Microsoft Product: Business Central extends its feature by allowing integration of Office 365 and Power BI to increase work efficiency and enhance collaboration among teams. You can get business-specific analytics to drive growth and improve your performance. Moreover, power platforms give you an opportunity to enjoy digitized versions of every task, cherry on top you can make your own vertical solution from these apps.

Simplified Operations with Single Platform: Shifting from one module or app to another one for different operations can be time-consuming and affect productivity. Business Central is an end-to-end managed unified solution that combines all your operations on a single platform to give you a better and centralized view while trading. This can help you predict finance, cash flow, profit or loss, and then make changes where required.

Unified ERP and CRM Features: Business Central is sometimes just considered an Enterprise Resource Planning solution, but it goes far beyond expectations. The CRM feature in Business Central allows you to monitor both ends in sales, distribution, and trading which ensures a healthy business environment and exceeds customer expectations and experience. It manages marketing campaigns, relationships, and opportunities on leads to provide the best sales and distribution results.

Embracing Digital Transformation with Dynamics Solution and Technology

Dynamics 365 Business Central, using AI and automation, works seamlessly to improve your business operations and ensures improved fiscal value, optimizes your resource levels, and compliance and security for your organizational data. It is a win-win solution to streamline operations for your SMEs.

When you are choosing the best solution for your business, the need to choose the right implementation partner is equally important as it decides the success and growth of your organization with your sophisticated solution. Dynamics Solution and Technology has a global footprint, and our team of experts has been helping businesses achieve their goals and success in the Gulf, MENA region, and European countries. As Gold and Solution Partners of Microsoft, we are dedicated to delivering the best.

Implement Dynamics 365 Business Central with Dynamics Solution and Technology to witness increased productivity, efficiency, and profitability. Book your demo now.