The Dynamics NAV product is used almost everywhere in the business supply chain. This is mainly because it is a highly customizable ERP system. Dynamics NAV is used in the classical supply chain companies, such as manufacturing plants, wholesale companies, and in retail with or without many changes. But with an add-on, the product is also used in transportation companies or in the recycling industry.
In order to understand this better, it is important to know how companies work. A company is a person or a group of persons using materials and resources to deliver a product or a service to other companies or end consumers. A group of companies working together is called a supply chain. Dynamics NAV can be used in all these companies, although it is traditionally used in companies with five to 250 concurrent users.
- Financial management: Traditionally, this was used in companies to comply with federal regulations of bookkeeping. For entrepreneurs starting their business, this is usually the part they least like. However, good bookkeeping can give a clear view on the company's wellbeing and support strategic decisions with good financial information.
- Inventory: Every company that grows will reach a certain point where it is no longer possible to handle inventory without a system. Keeping too much inventory is very expensive. A good inventory system can help you keep your stock as efficient as possible.
- Relationship management (RM): When it comes to people, a company is not only dealing with customers and vendors. RM will help you keep track of every company and person your company is dealing with.
- Sales: The sales process is usually the place where businesses make money. The system will help you keep track of orders that your customers place.
- Purchasing: The purchasing department is usually split in two pieces. One piece is the purchasing of goods the company needs for itself. This facility management can grow into a business of its own at large companies. The other purchasing part is buying the materials and resources you need for your sales process. For some trading companies, this can even be a drop shipment process where you never have the purchased goods in house.
- Warehouse management: Warehouses are getting bigger and bigger, making the need for a system that supports the picking and put-away process even greater. This is usually tightly connected to the sales and purchase process.
- Manufacturing: When you make products yourself, you need a system that helps you create a new item from one or more purchased materials and resources.
- Jobs: In some companies, the process of delivering a service is so complex that it requires its own administration process. Time and billing is usually a very important process for these companies.
- Service management: This supports the service process handling warranty and necessary periodical maintenance of your items.