Five ways Microsoft Dynamics AX can improve your business efficiency

Microsoft dynamics AX 4.0 is the latest version of Microsoft with the major update in 2012 is now having more than10, 000 customers to gain competitive advantage. It is a comprehensive ERP solution with great features in it which are helping them to improve business efficiency, save much time expected to be spent on administrative tasks, helps companies in managing their finances well. It is giving best Return On Investment (ROI) and many companies are counting on this one ERP solution.

 Summary of Microsoft Dynamics AX benefits

• Efficiently match supply with demand and optimize inventory levels, you can create sales and purchase forecasts based on products and time periods. It will use an unlimited number of forecast models to simulate various future scenarios. To get quick cash flow, you now can easily more items into inventory general ledger.
• It offers detailed insight into the inventory and item tracking improves inventory management. Inventory dimensions in Microsoft Dynamics AX are a powerful tool for classifying your inventory according to storage and product specification and this way offer you a detailed overview of your inventory whenever, there is a need. 
• By using enhanced product tracking and RFID technology, you can track items throughout the system using batch and serial numbers. It is possible that you can view detailed reports related to specific items from anywhere in the system. At any time, you have direct access to information with detailed information of a specific product such as from where it is, where they are now and where are they going. This detailed sight of your product will give you confidence about your inventory and help you in recalling products quickly.
• It will boost material resource planning by offering managing bills of materials BOM to ensure you get the most accurate costing and materials requirement information. In Dynamics AX, an infinite number of BOM levels can be managed effectively and precise consumption of raw materials. It also helps people in having detailed reports of their inventory and helps them in saving lot of time.
• It will improve warehouse efficiency and control by offering product specific management strategies, resource optimization, and perpetual inventory. MS AX facilitates product specific put away strategies will enable you to characterize different products such as food products, non-food products, type or weight. This can enable you to optimize and manage your warehouse resources, with enhanced inventory management facility and control.
• It can streamline supply chain process and automates receiving and shipping processes and facilitates cross-docking and back-order shipments. This will not only help in managing a large amount of the transaction, but you can easily track them using fewer resources and in few minutes. It will not only give a boost in inventory management, but also provide great customer satisfaction. As product delivery and transaction tracking will shorten the chances of late delivery and this will help an enterprise to reach maximum order by keeping its integrity and business value high