Inventory costing and its management plays a very important role for any kind of organisation, be it big, mid-sized or small, reason being these inventory figures directly affect the profit margins of a company.An organisation may face situations like stock out problems due to lack of proper planning, or funds being tied up to store, manage and handle excess inventory, inaccurate cost calculations, backdated entries affecting stock valuations or inability to obtain accurate cost of production. All these drawbacks related to inventories prove costly to the company in the long run!
However, such challenges can be met through a standard ERP such as Microsoft Dynamics NAV which has processes for proper inventory costing and overall inventory management such as-
And many more….
With such robust features, it is possible to streamline inventory related processes in the organisation thereby ensuring smooth production and sales and to maintain the health of the financial statements.
To know more, reach out to us at www.dhyey.comor write to firstname.lastname@example.org.We would be happy to assist you as implementation and support partners and help you achieve the desired dream for your company!