Introduction
Inventory management in Microsoft Dynamics 365 Supply Chain Management helps you streamline the tracking, control, and optimization of inventory across your organization. Dynamics 365 provides real-time visibility into inventory levels across multiple locations, warehouses, and channels. This visibility allows your organization to track stock movements, monitor inventory levels, and make informed decisions regarding procurement, production, and order fulfillment. With inventory management, your organization can accurately track inventory movements, including receipts, transfers, adjustments, and consumption. The system records and updates each inventory transaction in real time, ensuring accurate inventory records and minimizing discrepancies.
Your organization can use the tools and functionalities that inventory management offers to optimize inventory levels and ensure efficient inventory management. They can set up reorder points, safety stock levels, and replenishment rules to automate inventory replenishment and maintain optimal stock levels. Additionally, they can configure inventory control features to manage stock effectively, including lot and serial number tracking, batch management, expiration date tracking, and quality control capabilities. Your organization can enforce quality checks, manage product recalls, and ensure compliance with regulatory requirements.
Moreover, your organization can automate the inventory replenishment process by generating purchase orders, transfer orders, or production orders based on predefined reorder parameters and demand forecasts. This functionality helps your organization streamline the procurement process and ensures timely replenishment of inventory.