Microsoft Dynamics 365 Procurement and sourcing

Procurement and sourcing are essential components of any successful supply chain organization and Microsoft Dynamics 365 Supply Chain Management (SCM) provides a suite of tools to handle the many complexities associated with these operations. With Dynamics 365 SCM, businesses can gain real-time data insights into their operations for improved decision making while automating purchasing and streamlining supplier selection process.

Here is a list of the top 10 features in Dynamics 365 SCM for effective procurement & sourcing management:

1. Comprehensive supplier master records including contact information, ratings/review systems, pricing contracts and agreements as well as past performance metrics allowing companies to always have access to latest info about suppliers!
2. Advanced business intelligence & analytics capabilities for powerful insights into performance metrics such as average spend per category, discount given by suppliers or % spend from preferred suppliers which is critical determining value for money!
3. Request-for-proposal process automation for quicker & streamlined bid exercises enabling organizations to select best option in timely manner!
4. Blanket contract renewals so businesses don’t have to keep manually generating fresh contracts each time existing one expires; this aid with hassle free relationship management!
5. Quality control checks across entire network of suppliers ensuring only high quality products reach customers every time!
6. Data insights for informed purchasing decisions resulting in cost-savings opportunities.
7. Automation of reordering so stock replenishment activities isn’t backlogged due to manual intervention; this leads to smoother supply chain output overall!
8. Vendor portal integration providing quick & easy access to all data related existing vendors or potential ones across globe!
9. Multi-location visibility & management tools for better remote warehouse control & oversight enabling you monitor activities at multiple locations simultaneously from single dashboard interface!
10. Landed cost analysis giving accurate figures pertaining additional costs associated with transport/shipping helping optimize operations budget accordingly!

For those looking reliable solutions designed both simplify procurement processes as well as allowing detailed tracking of products – look no further than Microsoft Dynamics 365 Supply Chain Management!