Introduction to Dynamics NAV
Introduction to Dynamics NAV
Before
explaining about Dynamics NAV, allow me to explain what is an ERP.
ERP
stands for Enterprise Resource Planning.
An ERP system integrates various functional areas including manufacturing, supply
chain management, accounting, customer relationships management, service
operations, human and other resource management and others. Integrating various
application together, ERP system provides login once, use across internal and external many areas with strong information
processing tool-set.
Microsoft
Dynamics NAV is an ERP, it integrates set of business applications together
designed to service a wide variety of business operations. Dynamics NAV is
modular in design, which simplifies implementation, upgrading, modification,
integration with third-party products and expansion for different types of
clients. All the modules in the system share a common database and wherever applicable,
common data.
Microsoft
Dynamics NAV gives the freedom to focus on business growth, through automation
and integration of a company's core business to help focus on effectiveness
& simplified success.
Dynamics
NAV ERP includes the following:
•
Basic accounting functions (e.g. General Ledger, Accounts Payable, Accounts Receivable)
•
Order processing and inventory (e.g. Sales Orders, Purchase Orders, Shipping, Receiving,
Inventory)
•
Relationship management (e.g. Vendors, Customers, Prospects, Employees, Contractors)
•
Planning (e.g. Pricing, Sales Forecasting, Production Forecasting)
•
Other critical business areas (e.g. Manufacturing, Warehouse Management, Fixed Assets)

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