Microsoft Dynamics 365 for Supply Chain Management provides a great foundation for customers with its Product Information Management (PIM) capabilities to get robust Product Mastering, Item and SKU management and light Product Lifecycle Management (PLM) capabilities for a business. While some customers will need specialized PLM software many manufacturers and assemblers may find the integrated Product Management and PLM functionality built into Microsoft Dynamics 365 for Supply Chain Management ERP sufficient to manage their business.
Microsoft Dynamics 365 provides the ability to build a complete product development plan from ideation, prototyping, modeling, tooling, product manufacturing to product release. Product development and planning can be carried out using Project management features in Microsoft Dynamics 365 which is integrated with D365 Supply Chain Management.
Microsoft Dynamics 365 for Supply Chain Management supports a global product master that is common across companies. However, one can control which product is released to which company. The product can have multiple product attributes and when released to a company takes on an item number. Items can have multiple Item variants through the use of product dimensions such as Configuration, Size, Style and Color. The Item variants could be considered the equivalent of a Stock Keeping Unit (SKU). Product management with Microsoft Dynamics allows you to have a holistic view of your products.
Microsoft Dynamics 365 Product Configurator allows the ability to configure/customize the product on the order with ease by selecting required elements. User interface provides a visual overview of the product configuration model structure. Create multiple Product Attributes and assign values to them. Define Constraints and add them to your configuration model. Set up Bill Of Materials (BOM) lines based on Attributes. Add Route operations for components. Determine Price Model and configure a product's Sales Price elements, components and combinations. Pricing Breakdown allows you to view the price per component, download the price calculation in excel and see the roll up. Use the D365 Product Configurator for Configure to Order or Engineer to Order Scenarios.
Microsoft Dynamics 365 merchandising tools allow businesses to manage products and attributes globally and locally, as well as create unlimited categories for enhanced category and assortment management. Define product hierarchy using the category hierarchy feature in Microsoft Dynamics 365. Define category hierarchies to group and categorize the products that business wants to distribute to its channels. Multiple category hierarchies can be defined, and each product can be assigned to multiple hierarchies. Attributes can be associated with various entities, such as product categories and channels, and default values can be set for them.
Microsoft Dynamics 365 provides organizations with the ability to handle more complexity in their pricing. It gives you the power to use a combination of discount-based components, such as dollar or percentage off based on volume breaks or total spend, and upcharge components like freight charges. Contracted Prices with customers can be mastered as Trade agreements allowing for either a set price per product, or discounts for a customer or customer groups. Pricing or Discounts can be setup at an Item master level, item master and customer level, or item and customer group level.
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