Managing a complex inventory, coordinating with various teams across different geographies, and ensuring the quality of your products is maintained to the highest of standards are some of the common challenges faced by companies dealing with intermodal dimensional inventory.
When you are unable to manage your inventory with precision, care, and efficiency, you could risk losing huge international clients, incur major revenue losses as each order is expensive, and ultimately take a hit on your business.
Intermodal dimensional inventory management is dynamic, with a diverse set of stakeholders, and usually requires complex tracking before the product reaches the end customer. This lengthy process, where a single shipment of variable capacity goes through multiple locations and sometimes continents, calls for software that could easily track and handle your mobile shipments.
With deep global expertise, we at To-Increase have worked with organizations in industries such as construction, crane, high-tech, tool-hire, manufacturing, and more to streamline their operations by leveraging the power of rental-specific software embedded in Microsoft Dynamics 365 Finance and Supply Chain Management.
This article will discuss how intermodal dimensional product companies or businesses dealing with variable capacity inventory can easily manage their lead-to-cash process, inventory, renting, and selling with a single software solution.
What is meant by intermodal dimensional inventory?
Also known as variable capacity inventory, intermodal dimensional inventory could broadly be defined as an inventory with specified dimensions, in which each dimension is tracked, has attributes or components attached to it in the form of sub-items, and has a long transit from the source to the destination.
It is usually a complicated process, as there are multiple layers of inventory that must be managed always with different sets of teams involved during each stage of the Intermodal dimensional inventory.
Before we begin explaining how to manage this inventory, let’s look at which businesses can fall under the umbrella term — intermodal dimensional inventory.
You are dealing with intermodal dimensional inventory if your product:
What businesses commonly deal with intermodal dimensional inventory?
Some examples of businesses that fall under the variable capacity inventory model:
1. Modular or prefabricated rooms and buildings
2. Intermodal containers
3. Concierge storage facilities
How software embedded in D365 solves the common challenges faced by intermodal dimensional inventory companies
Challenge: Handling vast and complex inventory
Companies dealing with dimensional inventory have operations of large magnitude. They must handle inventory such as the manufacturing plant, machinery, building equipment, formwork, placement tools, and transportation.
Each dimension could have 2D elements (walls or panels) or 3D elements (fully furnished modules) associated with it.
The solution: Software embedded in the Dynamics 365 Finance and Supply Chain Management (F&SCM) environment with comprehensive inventory management, supply chain, and logistics management functionalities can handle complicated inventory with ease. Companies can carry out inventory control, inventory adjustments, quality assurance, and inbound and outbound operations.
Challenge: Coordinating with a diverse set of stakeholders
In this type of inventory, there are always multiple parties involved with a single piece, be it a container, modular room, or storage facility.
For instance, with modular rooms, you must coordinate with transport teams to ship the modules, a crane company to place the modules on-site, and builders to install the modules. This requires a complex level of communication among different teams.
The solution: Rental software built on Microsoft Dynamics 365 F&SCM allows you to easily manage all the communication by streamlining your processes. You can have a single database for all your different teams and departments, and this unified location makes information more accessible.
You can have your CRM and ERP systems synced, allowing your sales team to have real-time access to relevant pricing, quotes, contacts, and invoice information.
Additionally, you can carry out your entire human resource management in the software, making it easy to assign, track, and close tasks for different teams.
Challenge: Keeping up with various local legal codes
Since your product will move across different geographies and several types of transport, you are liable to comply with the local legal codes of the shipment, such as:
The solution: A software solution embedded in Microsoft Dynamics 365 F&SCM offers advanced project management capabilities with subcontracting and integrated planning. With this, you can easily document and manage a multitude of business processes, helping you adhere to different regulations.
Challenge: Maintaining the highest quality standards
It is critical that variable capacity inventory companies always maintain the highest grade of quality of their shipments.
Some standards you must always maintain:
The solution: Software embedded in Dynamics 365 F&SCM combined with the internet of things (IoT) can control all the above.
With IoT, you can:
Challenge: Managing manufacturing, purchasing, distributing, renting, selling, and sub-renting
With a vast and complex inventory at hand, it’s natural that you will have to be involved in several supply chains. You may offer your products on rent or lease for a fixed period through product-as-a-service or standard rental models, or you may directly sell your products to the end customers.
Depending on your capacity and inventory, you could either manufacture and produce your products, purchase products, or sub-rent some products.
You could be involved in the distribution and transport of your products or outsourcing this part of your business to third parties.
Nevertheless, you have to manage all the above operations in an organized manner.
The solution: Rental-specific software in Dynamics 365 F&SCM can manage all the above processes, and more with ease. You can rent or sell your shipments and manage revenue from both channels. You can also manage manufacturing and distribution as the solution supports production planning, manufacturing, and supply chain management.
You can read more about how a single software in Dynamics 365 can manage the manufacturing and rental side of your business.
Looking for an efficient solution to manage intermodal dimensional inventory?
Needless to say, companies offering variable capacity products must handle multiple operations, people, and products to have a successful business.
If you’re interested in a rental solution embedded within Dynamics 365 that can address all the above and more, you could explore the cloud-based software we offer, DynaRent.
Here is a testament to our solution by CP ApS, a company specializing in renting office and crew modules, containers, and construction equipment to clients in the public and private sectors:
“DynaRent has empowered us to focus even more on the quality of service we provide to our customers. Aspects like operations, transportation, service, and maintenance have been streamlined completely.”
With DynaRent for Dynamics 365 F&SCM, you can:
You could explore more about the DynaRent solution by checking out our factsheet.
This factsheet will share information on:
- The features of the solution