Getting to Know Microsoft Dynamics NAV to Streamline Purchases and Payables
Microsoft Dynamics NAV is a proven Enterprise Solution for Small to Mid-Sized companies. NAV’s latest enhancement, NAV 2013, has many new features for better purchases and payables management for your wholesale distribution or manufacturing company.
Basic payables in Microsoft Dynamics NAV allows you to maintain vendor tables, post purchase transactions in journals, and manage payables more efficiently. Basic payables include the vendor table and enable you to generate vendor ledger entries using general journals. Also, you can use this together with Multiple Currencies granule to post purchase transactions and manage payables in multiple currencies for each vendor.
Some of the latest Purchase and Payable enhancements include:
Drop Shipments which can allow your company to handle order shipments directly from the vendor to the customer without having to physically stock items in your inventory while still keeping track of order cost and profits. The drop shipment process is facilitated through automatic linking of sales and purchase orders that control the built-in sequence of posting task.
To manage multiple item purchase price discounts, the Purchase Line Discounting features streamlines this through this negotiated individual vendor pricing based on parameters such as minimum quantity, unit of measure, currency, item variant and time period.
Create a purchase return order in order to compensate your own company for wrong or damage items with Purchase Return Order Management. Items can then be picked from the purchase return order. A company can set up a partial return shipments or combine return shipments in one credit memo and link return orders with replacement purchase orders.
Another great way to automate supply planning is also with Requisition Management in Dynamics NAV by using the Requisition Worksheet. General optimal suggestions for replenishing inventory through purchases and transfers based on the item’s current plus future demand in addition to availability as well as a variety of planning parameters, such as minimum and maximum quantities also reorder quantities. Dynamics NAV allows you to display a graphical overview of the planning impact and allow the user to change the plan using drag and drop prior to executing on the plan.