Inventory Aging Report and Dashboard Implementation in D365 Business Central

Problem Statement

A manufacturing company using D365 Business Central struggled to manage its inventory effectively, especially when it came to aging stock. They had a hard time keeping track of slow-moving or outdated items, which tied up money and storage space. Without clear information on how long items had been in stock, management found it difficult to make informed decisions about restocking, promotions, or discounts. This lack of visibility also made it challenging to accurately value inventory for financial reporting. Additionally, tracking aging inventory manually was time-consuming and often led to mistakes. To solve these issues, the company needed a simple and clear inventory aging report and dashboard to help them see the status of individual items in their inventory.

Solution Approach

The implementation of a customized Inventory Aging Report and Dashboard within D365 BC aimed to provide comprehensive insights into the aging status of inventory items. Key features of the solution included

Key Features

Real-Time Aging Reports

Automated generation of inventory aging reports that categorized items based on the time they had been in stock, allowing for easy identification of slow-moving or obsolete items.

Visual Dashboard

A user-friendly dashboard displaying critical aging metrics and trends, such as the number of days items have been in stock, total value of aging inventory, and the percentage of inventory at risk of obsolescence.

Filter and Drill-Down Capabilities

The ability to filter reports by item categories, locations, and time frames, enabling management to drill down into specific items or groups for deeper analysis.

Automated Alerts

Notifications for items approaching critical aging thresholds, prompting proactive inventory management actions such as promotions or clearance sales.

Integration with Inventory Management Processes

Seamless integration with existing inventory management workflows, ensuring that data is updated in real-time as inventory levels change.

Key Benefits

Enhanced Visibility

The dashboard provided management with immediate access to critical aging information, allowing for quicker and more informed decision-making.

Reduced Excess Stock

By identifying slow-moving inventory, the company could implement targeted strategies to reduce excess stock, freeing up working capital.

Improved Inventory Valuation

Accurate tracking of inventory aging allowed for more reliable financial reporting and forecasting, aligning with the company’s overall financial strategy.

Increased Operational Efficiency

Automation of aging reports reduced manual tracking efforts, saving the inventory management team an average of 15 hours per week.

Proactive Inventory Management

Automated alerts facilitated timely actions, reducing the risk of obsolescence and ensuring healthier inventory turnover rates.

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Implementation Highlights

Rapid Deployment

The solution was designed and implemented within six weeks, ensuring minimal disruption to ongoing operations.

User Training

Comprehensive training sessions were conducted for staff to familiarize them with the new dashboard and reporting features.

Feedback Mechanism

A feedback loop was established to continuously improve the dashboard and report features based on user experience and changing business needs.

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