Achieving high return on investment, or ROI, has become a daring dream for many organizations in today’s competitive supply chain business landscape. Since the goal of most manufacturing companies is to provide customers with high-quality products at the lowest possible cost, more and more producers are searching for supply chain businesses that are willing to move products from warehouses to stores in exchange for small transportation fees. To meet the requirements of these manufacturers, most supply chain organizations reduce their profit margin – the worst possible strategy they can adopt.
However, not all supply chain organizations embrace this solution. Some businesses opt for specialized cost accounting software products, which go far beyond basic supply chain financials and operations.
Why Choose a Specialized ERP Solution
A specialized ERP solution can help you improve all areas of your business. Backed by many years of innovation, some specialized cost accounting systems, such as Microsoft Dynamics AX, are able to extend the reach of insight, productivity, and collaboration across your supply chain organization. Furthermore, it can help you complete a variety of tasks, which range from basic reporting to sophisticated analyses. The following paragraphs explain how specialized cost accounting software can improve your overall activity and boost ROI.
- Improve Productivity: Impressively scalable, cutting-edge ERP solutions streamline and automate different processes across your organization. Making information and functionality available to your employees based on their roles in your organization, an ERP system allows your staff members to focus on what matters most to them, such as creating sales orders, getting expense reporting, or building timesheets. It also makes it very easy for you to build and maintain strong relationships with logistics providers, suppliers, and customers - one of the best ways to improve business productivity.
- Simplify Business Operation: Equipped with numerous modules that connect different areas of your business, including supply chain, financials, project management, sales and marketing, service information, and human resources, specialized cost accounting software simplifies your overall operation. Furthermore, this product is dynamic enough to assimilate and spread real-time information across all supply chain touch points, thus improving the visibility of your operations – a critical aspect for efficient business management. The unique ability of this solution to integrate, support, and make information readily available across all departments in a timely, cost-effective manner enables you to respond quickly and efficiently to the latest supplier and customer demands.
- Extend Insight across Your Business: Going beyond basic reporting, cost accounting software comes with sophisticated, yet easy-to-use capabilities, giving you in-depth insight into your business. Special tools have been created to set priorities and simplify access to specific information to make confident, documented decisions. Since operational, tactical, and strategic decisions are the fuel of your organization, having a competent ERP solution by your side is imperative if you wish to get outstanding support in your decision-making process. To help you with this aspect, Microsoft Dynamics proactively combines basic information with out-of-the-box reporting tools, specific business conditions with real-time alerts, and strategic goals with key performance indicators.
- Provide Flexible Deployment Options: The top cost accounting software solutions can be customized to meet the current and future needs of your company. Without implying additional costs, these solutions allow you to leverage your existing IT assets or add new business capabilities, custom applications, and special functions that you may need to make your clients happy and increase your bottom line.
- Improve Supply Chain ROI: Together with the right ERP solution, you can get complete visibility of your stocks, manage your finances, and gain accurate, timely reporting. All these enable you to quantify your supply chain operations and realize consistent product releases to keep up with the needs and demands of your customers.
Although calculating supply chain profitability may seem like simple arithmetic, you can face serious issues when trying to predict profitability accurately. Since this may prevent you from maximizing your ROI, adopting a complex, out-of-the-box cost accounting software solution, such as Microsoft's manufacturing software solution - Dynamics AX, is critical if you want to successfully complete specific demand-driven activities, respond quickly to change, create dynamic relationships with existing and new suppliers and customers, optimize business operations, and get advanced decision making technology that can lead to maximum profitability.
