Remanufacturers Improve Core Banking with Dynamics 365 BC and 365REMAN

Visit Website View Our Posts

Remanufacturers rebuild used or damaged products to be good as new. A remanufactured product must meet the original product's specifications using a combination of reused, repaired, or new replacement parts.  Remanufacturers refer to replaceable parts as cores. They may ship and receive numerous and various cores to and from hundreds of their customers or distributors. The process involves several vital steps, not the least of which is core banking or management.

Core distributors and remanufacturers need to know exactly where cores are and when to expect delivery. Cores are so vital a component in remanufacturing that they might almost be thought of as cash. So, core banking has a lot in common with regular banking and core management with customer account management.

Core Banking

One aspect of core banking involves managing customer accounts. As customers purchase remanufactured products, they return cores that need rebuilding, and sometimes they send extra cores that they do not owe. Accurate records of customers' current eligibility for cores are absolutely essential. The flexibility to "bank" cores when a customer returns cores for which they do not have eligibility is helpful for the customer. And it makes more cores available to the remanufacturer.

Here's an example of banking cores: Suppose a customer orders ten remanufactured units and has five cores already in their account. They would only be charged for five cores because their banked cores would be accounted for in the transaction.

Core banking is often complex. Sometimes a customer will request remanufacturing of their specific core. Or they may request the return of their banked cores. If their cores were already remanufactured and shipped to other customers, the remanufacturer might need to compensate the customer or source cores elsewhere.

Alas, ERP systems won't handle remanufacturing requirements such as core banking. Remanufacturers must rely on error-prone spreadsheets, invest in expensive custom solutions, or outsource core management responsibilities to a third party.

365REMAN: An ERP Solution with Core Banking Capabilities and More

To address the challenges of core banking, Western Computer developed 365REMAN for remanufacturers, distributors of remanufactured products, and core distributors. 365REMAN by Western Computer is powerful business software for remanufacturers to automate and connect all areas of their business.

We embed 365REMAN into Microsoft Dynamics 365 Business Central, a complete ERP solution tailored for remanufacturers, distributors of remanufactured products, and core suppliers. With the versatility of a cloud solution, 365REMAN is ideal for companies that need specific remanufacturing functions in their ERP solution or want to modernize their existing business management systems.

365REMAN meets the challenge of core tracking while also taking care of all the standard workflows and day-to-day operations. Specific core tracking capabilities include Core Tracking, Core Charges, Flexible Core Terms, Core Banking, and Return Reminders.

365REMAN  also provides options to allow core banking for customers and vendors. Your entire team will have real-time access to accurate core eligibility,  including the return-receiving process. You can block customers without core banking eligibility from returning cores they do not owe unless a team member overrides the blocking.

Find out More About 365REMAN for Dynamics 365 BC

From core management and teardown processes to the challenges surrounding the recovery, supply planning, and utilization of core in your remanufactured products and everything in between, we've built a software solution that allows remanufacturers to serve their customers faster and more efficiently.

365REMAN is now available for purchase in Microsoft Commercial Marketplace in the Essentials and Premium editions of Microsoft Dynamics 365 Business Central. To learn more about 365REMAN, visit www.365Reman.com.

Western Computer welcomes the opportunity to tell you more about 365REMAN. Find out how it can help your company operate more efficiently. Contact us today to schedule a call with one of our remanufacturing ERP system experts.

By Western Computer, www.westerncomputer.com

 

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Show Buttons
Hide Buttons