Microsoft Dynamics NAV™ offered the core accounting features missing from V12’s existing application, while also enabling the company to leverage a range of fashion-specific functionalities.
Business intelligence has empowered V12 to adopt a top-down view of their operations, analysing sales activity to uncover detailed customer buying trends. This insight not only enhances their understanding of where to implement improvements in product offerings and processes but also helps drive sales growth.
Fully integrated accounting ledgers, combined with powerful interrogation and reporting capabilities, provide V12 with valuable financial insights, enabling efficient business management. “Having the ability to easily reconcile the accruals for freight and duty costs and compare them to actuals is amazing! Finding the data for this task previously would have been near impossible.” Keira Maria, Management Account, V12 Footwear Ltd
For an omni-channel wholesale business like V12, order fulfillment is critically important. “The speed of Sales Order Entry that NAV provides allows us to fulfil a promise to our customers that their order will be sent for despatch within thirty minutes of receipt of an order, with guaranteed next day delivery on orders received before 3pm.” Chloe Hext, Customer Service Executive, V12 Footwear Ltd
V12 has significantly enhanced its sales ordering process with intuitive style, color, and size matrix screens. Customers benefit from accurate, real-time stock information, ensuring that V12 is never oversold. Additionally, the seamless back-ordering process helps mitigate the impact of supply chain delays by providing customer service representatives with reliable promised delivery dates based on anticipated future receipts of goods.
The Sales Forecasting Module enables V12 to generate inventory forecasts based on historical sales data, adjust sales volumes either globally or by specific product, perform “What-If” analyses for sales and cost adjustments, and carry out markdown modeling.
QUICKER WEEKLY SALES AND STOCK INTAKE PROCESS
V12 has halved their stock management process by leveraging real-time stock and sales information. They can now accurately predict the closing stock position for all items based on both forecasted and actual sales quantities, enabling them to focus on potential stock-out situations as exceptions.
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