Whereas, Dynamic NAV (ERP) system came-up offering a feasible functionality especially for manufacturing, distribution, government, retail and other industries too. So far, Dynamic NAV has been bridging the gap between the partners which includes nullifying the cataract vision of partners over internal functionalities.
NAV originates from Navision a suite of accounting apps initially encrypted by a Denmark-based company named Navision and was later acquired by Microsoft to develop a bigger constructive network for ERP system. As part of the development it assisted with finance, manufacturing, Customer relationship management CRM, supply chains, analytics and electronic commerce for enterprises and subsidiaries of international groups.
Consider ERP as an adhesive that sticks and binds various computer systems functioning in an organization. As we know, each segment of work has an interface system monitoring and optimizing the allotted tasks in any organization, but if the scale of workmanship and productivity business increases we'll need a well segregated interconnecting system featuring ERP in it to share and communicate the information easier with other work segments of company.
Also, the Dynamic NAV ERP Software functions like the extensively connected and interlinked central nervous system of a business body. It gathers info on the undergoing tasks and their state of stability, so as to make it available with other segments for productive use. Usually, an alteration in ERP happens within a real time by an authorized user with valid pass code and access into the network.
In reference with the development of ERP system, first ERP system that received an upgrade was SAP. Its only goal was to interlink different segments of the business to show-up with a more productive strategy based on the info from the different nodes of operations.
Though the Dynamic NAV ERP system is recalled for its high customizing feasibility, partners have evolved it, listing in various industrial specific configurations that serve them in vertical markets too. Dynamics NAV mostly deploys on Windows Operating system, SQL server and developed in.NET framework which offers customer a well-packed integrated stack entry from infrastructure to application.
If you consider the Architecture of Dynamics NAV ERP software, it comprises 3 major components
• The Database Server, which stores Dynamics NAV data.
• The Application Server, which has total control over Dynamic Nav's functionalities.
• The Client, who has the authorized access into Dynamics NAV interfaces in 5 types; Windows Client, Share Point client, Web client, Tablet Client & Phone Client.
Also, the functionalities of NAV ERP provides support for,
• Financial Management
• Supply chain management
• Customer relationship management
• Sales and marketing
• Service management
• Human resource management
• Project & Resource management
• Warehouse management
As of now, the natively reinforced international ERP, Dynamics NAV is available with 43 official localizations and is amendable with IAS / IFRS.
Despite the remarkable benefits and services ERP offers to a business, a company could witness a cost overrun if ERP is not operated carefully. ERP must be organized, considering it's compatibility with technology of the company to avoid chokes to productivity. Usually, ERP systems knocks down when a company working procedure is dependent on old strategies and are not reliable with the technology while implementing them. Avoiding allotment of ERP into several small segments will reduce the cost overrun too.