Microsoft Dynamics 365 Business Central, launched in April 2019, is an enterprise resource planning (ERP) system. A direct successor product to Microsoft Dynamics NAV, it is the latest product in the Microsoft Dynamics family. Business Central which runs on either cloud or on-premise is NAV, just updated to the latest in Web technology. Business Central provides a natural migration from Microsoft Dynamics GP and Microsoft Dynamics SL.
Microsoft Dynamics 365 Business Central lets companies run their entire business from this singular solution like other ERP solutions. However, unlike SAP or Oracle and many of the other ERP systems, Microsoft Dynamics 365 Business Central is designed specifically to cover the needs of small to medium-sized companies. Business Central gives the power to streamline the business of small to medium-sized companies, accelerate growth, and have complete end-to-end visibility across their operations be it finance, purchasing, inventory, manufacturing, warehousing, etc.. Allowing small to medium sized companies to make better-informed business decisions, increase sales, and optimize their supply chains.
The smaller companies can leverage all the benefits of AI with Microsoft Dynamics 365 Business Central AI and hence they can be benefitted from this exciting new technology. With Business Central the departments are well equipped to make decisions on their own to solve problems and report and collaborate their findings across the rest of the organization. Even though the AI uses many complicated statistical formulas to develop forecasts, the presentation is always simple and direct hence the user do not have to understand the logic to use it.
Artificial Intelligence can also forecast inventory requirements, look at the forecast of inventory levels for this item. Business Central leads the user to a calculated future sales by taking historical sales data and coupling with current sales orders. We can also see the projected sales.
Business Central offers you information from multiple places. A new purchase order or purchase invoice to replenish the stock can be created. We also see the Item List showing us the projected Inventory shortage in one-month increments.
This implies that ERP solutions which are incorporated with intelligent tools such as AI can completely transform and revolutionize your business. This provides proactive data-driven insights into all sectors of business and also helps remove departmental silos and encourages company-wide collaboration on processes and data. When every key department has real-time access to the data that helps make intelligent and well formulated business decisions organization will continue to grow and thrive.
Write to firstname.lastname@example.org for more information on how Microsoft Dynamics 365 Business Central can help your business perform better.