Dynamics 365 Supply Chain Management 2024 Update: What Release Wave 1 means to you
The 2024 release wave 1 for Dynamics 365 Supply Chain Management empowers you with AI-driven insights, efficient inventory management, collaborative planning, and streamlined procurement processes.
AI is again all over the place; fortunately, more down-to-earth improvements have also made it to the upcoming and improved feature list.
Now, “Carbon Footprint” or “Ethical Sourcing” might not be top-of-mind topics for Supply Chain operators or even management. But I think that Microsoft has a point here, addressing the environmental concerns of the younger generations.
Let's have a closer look at some of my favourites (and perhaps review our webinar Dynamics 365 Supply Chain Management 2024 Update: What Release Wave 1 means for you. Please sign up for updates here so you don't miss future webinars).
Remember, the 2024 release wave 1 plan covers all new functionalities planned for delivery from April 2024 to September 2024.
Vendor Management Reinvented
Vendor relationships are the backbone of a robust supply chain. With the 2024 release, Dynamics 365 Supply Chain Management introduces features that empower seamless collaboration with suppliers. Real-time communication, joint planning, and shared master plans—imagine a world where suppliers are not just partners but co-creators of sustainable solutions.
- The release wave 1 brings improvements to vendor management within Dynamics 365 Supply Chain Management.
- Expect enhanced features for managing supplier relationships, procurement, and collaboration.
Finance and Operations Integration
Say goodbye to silos! Dynamics 365 bridges the gap between finance and supply chain processes. Seamlessly flowing data means better decision-making. Whether it’s financial transactions, inventory management, or cost control, these functions now work in harmony. The result? Reduced waste, improved financial health, and a more sustainable bottom line.
- Tighter integration between finance and supply chain processes.
- Streamlined financial transactions, inventory management, and cost control.
Unlocking Inventory Insights
Inventory management isn’t just about counting boxes. The 2024 release introduces advanced analytics to decipher inventory patterns. Predictive algorithms forecast demand, optimize stock levels, and minimize excess. Imagine reducing food spoilage, minimizing excess production, and ensuring products reach consumers at the right time—all while minimizing environmental impact.
- The release introduces advanced analytics and insights for inventory management.
- Better visibility into stock levels, demand forecasting, and inventory optimization.
AI-Powered Warehousing
Warehouses are no longer static storage spaces. Dynamics 365 leverages artificial intelligence for smarter operations. Predictive maintenance ensures your forklifts never break down during peak hours. Optimized picking routes reduce fuel consumption. Real-time tracking minimizes lost inventory. Sustainability isn’t just about eco-friendly packaging; it’s about efficient operations.
- Dynamics 365 Supply Chain Management leverages AI for smarter warehouse operations.
- Features include predictive maintenance, optimized picking routes, and real-time inventory tracking.
From Carbon Footprint to Ethical Sourcing
Sustainability extends beyond numbers. Dynamics 365 encourages ethical sourcing practices. Trace the origin of raw materials, ensure fair labor practices, and minimize your carbon footprint. Imagine telling your customers, “This product was made responsibly.” It’s not just a marketing tagline; it’s a commitment to a better world.
- The 2024 release emphasizes sustainability.
- Expect features related to carbon footprint tracking, ethical sourcing, and waste reduction.
In conclusion – Microsoft's wording
In conclusion, Microsoft would like to present the 2024 Release Wave 1 as more than just an upgrade. Rather, “it is a compass pointing toward a sustainable future”. Embrace it, and let your supply chain become a force for positive change as they wrap it up.
Join our webinar
Learn more about these exciting updates and leverage Dynamics 365 Supply Chain Management to further enhance your supply chain operations.
Join our webinar Dynamics 365 Supply Chain Management 2024 Update: What Release Wave 1 means for you on 22nd March.
Read more details at Microsoft
