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Is Managing your Inventory Eating up your Time and Profits?

Are you tired of juggling spreadsheets and walking to your warehouse to figure out if you have enough product to ship an important customers order?  Innovia Consulting and Microsoft Dynamics Business Central can help with that!  For over 35 years Innovia Consulting has been helping companies just like yours improve their inventory management and customer service. 

How you ask?  By providing you and your team with better tools that help you make data driven business decisions. 

Microsoft Dynamics NAV and Business Central empowers your company and gives you the confidence you need to serve your customers without tying up too much working capital in your inventory.  The Requisition Worksheet is just one of the many tools inside of the Microsoft Dynamics system that will make your job easier and help you sleep better at night knowing your customers will get the product they ordered. 

But “I love my spreadsheet”.  OK, love is a strong word; how about “I am enmeshed in a codependent relationship with my spreadsheet”…that’s more like it!  Let’s get real, the spreadsheet has been around a long time, the person who manages the spreadsheet has been around a long time.  The fact is that they are both holding your business hostage and putting you at risk.   

Don’t get me wrong, spreadsheets have their place…but that place is not managing your inventory! 

What is your risk?  Well, if your inventory management process and spreadsheet sounds like what I describe above, then I have found that your risks are as follow: 

  • Single point of failure.  That’s right, the owner of the spreadsheet has most of the knowledge of how to manage the sheet.  If they are gone, then the knowledge of  how to juggle the sheet is also most likely gone; and when you start overstocking to “be safe” or missing stock because you missed something, you will find yourself losing working capital and/or customers. 
  • Limited view.  A spreadsheet is not dynamic.  It cannot take into account all the changes that occur in your business each day, thus it provides you with a limited view and the associated blind spots. 
  • Lack of business intelligence.  The tools that are built within Microsoft Dynamics Business Central and NAV provide you with the insight you need to make more intelligent decisions about appropriate inventory levels. 

But wait, there’s more! 

The buzz words are more than buzz.  The terms business intelligence, machine learning, and artificial intelligence are all around us.  Most people are rolling their eyes, but insightful business leaders are leveraging these tools to run more efficient businesses.   

With Business Central you get more than just inventory management.  You get cutting edge machine learning that puts you ahead of your competition.  All built into the product you already own! 

Want to learn more? Call or email Innovia today.  800-834-7700 or sales@innovia.com 

Click the button below to watch our webinar on Requisitions Worksheet.

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Tom Doran

Tom Doran

Tom Doran is the Chief Marketing Officer at Innovia Consulting, where he leads the Customer Engagement efforts (which includes sales, account management, and marketing functions). He has over 20 years' experience helping companies get the solutions they need from technology. In addition, he has extensive food industry experience and serves on the board of the YMCA of Michiana.

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