Managing the supply chain has never been more important, especially in a global marketplace where disruptions can occur at any moment. Microsoft Dynamics 365 Wave 2 brings many new features and enhancements to help supply chain managers streamline operations, increase visibility, and boost resilience. In this blog, we'll explore the latest updates in supply chain management in Dynamics 365 Wave 2 and how they can benefit your organization.
Dynamics 365 Wave 2: A Brief Overview
Microsoft Dynamics 365 Wave 2 is the latest update to the popular enterprise resource planning (ERP) software. This update brings new features and enhancements across all Dynamics 365 applications, including supply chain management. Some key updates in Dynamics 365 Wave 2 include improved analytics and reporting, enhanced security features, and greater integration with Microsoft Power Platform.
Enhancements in Dynamics 365 Supply Chain Management
In Dynamics 365 Wave 2, supply chain managers can streamline operations and use new features and enhancements. One of the key updates is the ability to use artificial intelligence (AI) to optimize production planning. This feature allows supply chain managers to use predictive analytics to forecast demand, optimize production schedules, and improve delivery times.
Another important update is the enhanced inventory management capabilities in Dynamics 365. This feature allows supply chain managers to track inventory levels in real time, reducing the risk of stockouts and overstocking. The enhanced inventory management capabilities also allow for better visibility into the movement of goods across the supply chain.
New Features for Improved Supply Chain Visibility
Visibility is crucial for effective supply chain management, and Dynamics 365 Wave 2 brings a range of new features to improve visibility across the supply chain. One of the key updates is the ability to track the movement of goods in real time using IoT sensors. This feature allows supply chain managers to monitor the location and condition of goods, reducing the risk of theft, damage, or loss.
Dynamics 365 Wave 2 also includes new features for supply chain collaboration, allowing supply chain managers to share information and collaborate with suppliers, partners, and customers. This feature helps to improve communication and collaboration across the supply chain, reducing the risk of miscommunication or delays.
Streamlined Production Planning with Dynamics 365
Production planning is a complex process requiring careful resource, material, and personnel coordination. Dynamics 365 Wave 2 includes new features to streamline production planning, making it easier for supply chain managers to optimize production schedules and ensure timely delivery. The new production planning features include viewing and modifying production schedules in real-time and automating scheduling and capacity planning.
Dynamics 365 Wave 2 and Supply Chain Resilience
Supply chain resilience has become a critical issue in recent years as organizations look to reduce the risk of disruptions from natural disasters, political instability, or other events. Dynamics 365 Wave 2 includes new features to improve supply chain resilience, including using AI to predict and mitigate supply chain risks. This feature allows supply chain managers to identify potential risks and take proactive steps to mitigate them before they occur.
Dynamics 365 Wave 2 brings a range of new features and enhancements to supply chain management, helping organizations to streamline operations, increase visibility, and boost resilience. With new features like enhanced inventory management, and real-time tracking of goods, Dynamics 365 has become more useful for businesses. If you want to implement the Dynamics 365 to enhance your supply chain operations, contact the experts at Online24x7.