Business Intelligence software is used across many sectors for a wide variety of tasks. Microsoft Dynamics 365 for Financials uses Cortana to help manage inventory and sales systems in an effort to increase efficiency, ease of ordering, and customer satisfaction.
Cortana’s main function is to serve as an inventory management intelligence, assisting in collecting, and organizing inventory data from inside Dynamics 365 for Financials. It takes this data and analyzes it, using it to predict and anticipate needs in both inventory and sales. By looking at historical trends Cortana can predict what items are likely to be out of stock in the coming weeks or months, and you can create orders directly from the forecast screen within Dynamics 365 for Financials. Cortana will then populate the order with the quantity of item it expects to need, based on the historical models. These orders are fully changeable to fit your needs. Cortana also works to forecast sales numbers based on historical numbers, predicting what your business is likely to do based on past sales and market trends. Cortana also offers visualization options for both the Inventory Managing and Sales Forecasting modes.
Cortana’s Inventory and Sales management tools help your business keep costs down by cutting down on over-ordering, freeing up capital for other critical needs, as well as increasing the efficacy of inventory managers by lowering the amount of time spent crunching numbers manually. By lowering the number of stock-outs due to timely ordering it also helps increase customer satisfaction, since customers are never left waiting on an out of stock item.
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