If you run a business that manages inventory, you know how important it is to have the right stock levels to meet customer demand without overspending on holding costs. Fortunately, Microsoft D365 Business Central offers a host of tools to help you optimize your inventory and run your business smoothly. In this blog post, we’ll go over some tips and tricks for getting the most out of managing your inventory with Microsoft D365 Business Central

1. Set up inventory planning parameters

The first step in optimizing your list is to make sure that you have the right planning parameters in place. This includes defining lead times, safety stock levels, order quantities, and reorder points. Microsoft D365 Business Central has a built-in inventory planning module that can help you set these parameters based on historical data and demand forecasts. 

2. Use forecasting tools

Speaking of demand forecasting, Microsoft D365 Business Central offers several forecasting tools to help you forecast future demand and adjust your inventory. These tools can consider factors such as seasonality, trends, and sales history to generate accurate forecasts. Using these forecasts to adjust your inventory planning criteria can help you reduce the risk of overstocking stock outs. 

3. Track inventory levels in real-time

The main advantage of using Microsoft D365 Business Central for inventory management is that it allows you to view inventory levels in real time. This means you can always see how much stock you have on hand, what has been ordered and what has been shipped. By seeing through your inventory this way, you can make better decisions about when to bulk order and when to hold backs.

4. Optimize warehouse layout

Another manner to optimize your inventory management with Microsoft D365 Business Central is to optimize your warehouse layout. By organizing your warehouse in a manner that makes sense into your commercial organization, you can improve the performance of your choosing and packing techniques. This can assist lessen the time it takes to meet orders, which can in turn improve customer satisfaction.

5. Use automated workflows

Finally, Microsoft D365 Business Central provides several automated workflows that can help streamline your inventory management processes. For example, you can set up workflows that automatically generate purchase orders when inventory levels fall below a certain threshold, or workflows that notify you when inventory levels exceed a certain amount Automating these tasks can reduce the risk of human error and save time. 

Also read – Business Central Overview

By following these tips and tricks, you can optimize your inventory management with Microsoft D365 Business Central and keep your business running smoothly. If you’re not already using Microsoft D365 Business Central to manage your inventory, now’s the time to give it a try!