Forecasting Inventory Levels in Dynamics 365 Business Central

Inventory management is one of the essential parts of any business. It is a process of taking care of unsold manufactured products. The slightest carelessness in the management of inventory levels will bring down your sales and may ruin your manufactured stock.

Dynamic 365 Business Central understands your problem and offers you forecasting options for your inventory levels.

Forecasting inventory levels is crucial for several reasons. It allows you to meet your customer demands more quickly. You can easily predict future problems before they occur. Most grandly, it saves your time, effort, and cost by optimizing the inventory levels.

Now, the question is: How can we forecast the inventory levels in D365 BC and can optimize our inventory management?

Different ways to forecast inventory levels in Dynamic 365 Business Central

Through in-built forecasting tools

There are several in-built tools available to set your inventory forecast in Dynamic 365 Business Central.

All these in-built tools work based on a normal algorithm. Square International Consulting Dubai analyze your previous sales and forecast which products may be needed urgently and which will take longer. Accordingly, you can adjust your inventory levels and stocks.

Third-party inventory forecasting Apps

In-built tools can work well for small and medium-sized businesses.  But, if you want to manage and control your inventory on a large scale, then you will definitely need third-party tools.

These applications are specially made to forecast your inventory level. It has various filters inside, to simplify your inventory forecast further.

The enhanced forecasting worksheet app

This application is a kind of inventory-level forecasting tool. It works by using different types of technologies and algorithms to convert your data into the right action. This application performs accurate forecasting of your inventory level and saves you time and inventory costs. Through this, a business can perform various tasks.

Such as, collecting data from different sources and using it to make business easy. This worksheet app adopts machine learning to forecast your inventory levels and overall growth.

Solve stock-out problem

Dealing with the problem of a stock out is very difficult and time-consuming. Due to this many times, potential customers moreover get out of hand, and loss is bound to happen.

In such a situation, this application tells you in advance by predicting which stocks may be needed in a given time frame.

You can easily forecast the inventory level of your business through this application or in-built tools. If you do business on a small and medium size then in-built inventory forecasting tools are best.

Otherwise, you can go with a third-party application. This can bring tremendous benefits to your business.