Navigating the UK’s Ongoing Supply Chain Storm with Business Central and Insight Works
The UK supply chain continues to face challenges in 2024, with disruptions extending beyond the initial impact of Brexit. Global factors like inflation, labour shortages, and climate events are creating a complex situation for businesses.
Here’s a closer look at some of the current issues specific to the UK:
Disrupted Raw Material Supply: Shortages of industrial metals and other raw materials are impacting key industries like automotive, construction, and even medical supplies. A recent report by Barclays highlights the unfinished goods backlog in UK manufacturing due to material shortages, with the food and drink sector particularly affected [source: Barclays press release, “Supply chain issues see UK manufacturers with goods worth almost £24bn sitting in warehouses awaiting completion,” December 2022].
Labour Shortages: The logistics sector, among others, is struggling to find skilled workers. The Chartered Institute of Procurement & Supply (CIPS) reports that staff shortages remain a major concern, impacting production schedules and pushing up costs [source: UK manufacturing growth slows amid labour shortages and supply chain strain, IHS Markit/CIPS PMI® Report, October 2021
How can Insight Works with Dynamics 365 Business Central help?
Insight Works Apps for Business Central, are a set of powerful add-on apps for Dynamics 365 Business Central (D365 BC), empowering businesses to navigate these complexities. Here’s how:
Enhanced Visibility: Gain real-time insights into your supply chain with improved inventory management and tracking.
Improved Demand Forecasting: Leverage D365 BC’s robust forecasting tools to anticipate changing consumer behaviour and adjust inventory levels accordingly.
Streamlined Operations: Automate workflows, optimise logistics, and improve collaboration with suppliers and distributors through Insite’s integration with D365 BC.
Increased Agility: Respond swiftly to disruptions with the ability to adapt sourcing strategies and make informed decisions based on real-time data.
By leveraging Insite and D365 BC, businesses can build a more resilient and responsive supply chain, mitigating the impact of ongoing disruptions and ensuring a competitive edge in these challenging times.
Find out more about Insight Works Apps for Business Central Distribution