lab 2b sec c group 1
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CRONUS INTERNATIONAL LTD.
Microsoft Dynamics NAV 2009
Submitted by -
1. Saksham Sharma (12DCP-098)
2. Saurav Pachisiya (12DCP-103)
3. Sawan Gupta (12DCP-104)
4. Vikas Kharb (12DCP-125)
5. Vinayak Joshi (12DCP-126)
6. Vishal Godara (12DCP-127)
7. Abhishek Bansal (12DCP-134)
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INTRODUCTION
Microsoft Dynamics NAV 2009
Microsoft Dynamics is a fully integrated relational database system that allows user to enter
and maintain financial and other business activities in one place, such as General
ledger,Inventory ,Sales and receivables,Purchases and payables, Manufacturing.
It provides a streamlined, RoleTailored user experience to help people work more
effectively.It is basically categorized as an enterprise resource planning (ERP) system. It
offers a breakthrough user experience and technology innovations that can simplify access to
information, improve organizational agility, streamline integration with a wide range of
applications, and enhance reporting capabilities- even for the most highly specialized
industries and organizations
Cronus UK Ltd.
Cronus was founded by a bicycle maker named Dennis Traversen who had a shop on Cutlery
Street in London. Cronus has been the market leader for city and recreational bicycles in the
UK for some time.And, over the past few years, Cronus has also acquired a leading position
in a number of other European countries.
Cronus is still fully responsible for the design, development, production and distribution of its
products. It continues to work closely with suppliers for the production of parts. The Cronus
Design Department usually designs the parts, which are then manufactured exclusively for
Cronus by the supplier.
Since 1999, Cronus has used the ERP solution, Microsoft Dynamics NAV, to support itscompany processes. At the time, the choice was based on the fact that Cronus identified with
the innovative nature of the product. Since 2009, they have been working with the new
RoleTailored Client.
It has a no. of departments such as
FinanceManagement
Sales&Marketing
Purchase
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Warehouse
Manufacturing
HumanResource
Service
FINANCE MANAGEMENT DEPARTMENT
Microsoft Dynamics NAV provides accounting & finance solutions to help you track &
analyze your business information. The financial department at Cronus does more than just
register sales and receivables. It is also responsible for drafting and monitoring budgets.
The CFO, Sara, is responsible for management of the department. NAVs financial
management solution helps Cronus to go beyond the basics of planning, budgeting,
bookkeeping, & managing cash flow so organizations can extract added value from financial
data to help decision-makers better guide the business. With end-to-end integration, you can
efficiently manage your general ledger, payables, receivables, inventory, analytical
accounting & fixed assets. You can even manage your financial processes across multiple
currencies, locations, or companies.
Cronus can control & manage the entire life cycle of your fixed assetsfrom acquisition to
disposal. It uses posting groups to automatically calculate VAT, sales tax, excise tax, or other
use taxes for customers & vendors.
It optimizes cash flow by streamlining accounts receivable processes & tracking customer
payments.
The comprehensive, up-to-date financial information makes it easier to spot trends & gain
insight into business activities, so one can capitalize on knowledge & identify new
opportunities.
There are various other functionalities related to finance which can be used in Microsoft
NAV. Cronus balance sheets, Profit & Loss statements & various other financial statements
can be viewed in Microsoft NAV. There are also many utilities offered in payables,
inventories, liquidity & periodic activities.
Following is the snapshot of the various subunits of Financial Management offered in NAV:-
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SALES AND MARKETING
This Department is led by Julia and has two subdivisons. With a sales & marketing solution
fully integrated with Microsoft Dynamics NAV, Cronus provides sales and marketing team
with the tools and access to data they need to efficiently manage current customers,
opportunities, and campaigns to drive sales and increase loyalty.
Sales
Sales, led by Kevin, mainly concentrates on bicycle dealers. Sales staff needs accurate
information and the ability to access it to pursue new business and uncover and take
advantage of opportunities with current customers. With insight into which customers are
most profitable, they can focus their efforts accordingly. With access to Cronus Dynamics
NAV system, they have the information they need, allowing them to work more efficiently
and avoid missed opportunities.They keep their customer updated with the latest information
and this department also actually performs sales.
Microsoft Dynamics NAV offers a complete order processing solution that helps Cronus run
order processing more efficiently and effectively.
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Marketing
Marketing, led by Benjamin, mainly concentrates on end users. Marketing team needs
accurate information to make smart decisions on creating and managing campaigns,
analyzing results, identifying quality leads by quantifying their level of interest, and smoothly
transitioning prospects into the sales pipeline.
With access to information on demographics, contact history, and profitability of current
customers and market segments, Cronus marketing team can create and execute marketing
initiatives that will yield strong prospects that can be handed to sales. They continually work
on the position of Cronus in the market. Marketing plans must be drafted and continuously
adjusted.
Inventory & Pricing
Microsoft Dynamics NAV effectively balance availability with demand and track items and
their possible expiration dates throughout the supply chain to help minimize on-hand
inventory, optimize replenishment, and increase warehouse efficiency.
It improves customer satisfaction. Make more accurate order promises and intelligent last-
minute exceptions with access to up-to-date inventory information. Employees can respond
quickly and knowledgably to customer queries for improved customer service.
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PURCHASE DEPARTMENT
Purchase departments provide a service that is the backbone of many manufacturing, retail,
military and other industrial organizations. Many individuals, even some who work for these
companies, are unaware of what the purchasing department does, why it exists or what
purposes it serves.
In case of Cronus, purchase department does the following:
It ensures Shipments and goods received to and from the Blue location are processed by
the booking of transfer orders and purchase orders.
It comes under main task of logistics department
It alsoEnsures that there is sufficient financial elbow room for the purchase of materials,
development of new products and prompt payment of wages
Under this department the purchaser contracts with select suppliers for long term supplies
so that qualities, prices and other issues need not always be negotiated.
It not only purchases materials for production, but also buys items which are sold directly
by Cronus
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The above snapshot shows descriptions of various products like Bicycle, Touring Bicycle,
Rim, Spokes etc. with their serial numbers, number of units produced, Base unit, Unit cost ,
Unit Price and Vendor Number.
It also provides Item details of invoicing and item details of planning. So with this we can
know about various items being purchased and their total cost along with total number of
items planning to be purchased with its maximum estimated cost.
WAREHOUSE MANAGEMENT SYSTEM
A WMS is a software application that supports the day-to-day operations in a warehouse.
WMS programs enable centralized management of tasks such as tracking inventory levels
and stock locations. WMS systems may be standalone applications or part of an Enterprise
Resource Planning system.
The objective of a warehouse management system is to provide a set of computerized
procedures to handle the receipt of stock and returns into a warehouse facility, model and
manage the logical representation of the physical storage facilities (e.g. racking etc.), manage
the stock within the facility and enable a seamless link to order processing and logistics
management in order to pick, pack and ship product out of the facility. The objective of
warehouse management is to help in optimal cost of timely order fulfillment by managing theresources economically.
Cronus has warehouses at all the 6 locations namely
Blue
Yellow
Green
Red
Silver
White,
At most of the Cronus warehouses, the reception, storage, picking and dispatch of items is
recorded separately. In addition, in the warehouse at the White location, goods can also be
transferred from socalled bulk locations (with large storage space) to picking locations
(where goods can be easily picked for dispatch).
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The White location is very important within the Cronus organization as this location serves
as the central warehouse for bicycle parts and trade items other than the normal functions.
Other countries are also easily supplied from this well-situated location.
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MANUFACTURING DEPARTMENT
It responds quickly to rapidly changing customer demands.Before design can begin, themarketing department runs a market-needs study (while of course keeping an eye on the
developments of competing bicycle manufacturers).
The Product Manager, Benjamin, and Product Designer, Emil, then discuss beforehand which
requirements the product must meet and what the costs can be.
Emil represents the point of view of the Design department. In consultation with the logistics
manager (Karl), relevant suppliers and the production manager (Tony), the materials and
production processes are determined. Before a product can enter into real production,
prototypes are often produced.
In addition to the initial design of products, continued development, preparation of
documentation and product management are also among the tasks of the design department.
Key Benefits:-
Take advantage of new revenue opportunities.
Provide more responsive customer service.
Improve business performance from the shop floor to the bottom line.
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HUMAN RESOURCES
Human resources are the set of individuals who make up the workforce of an organization &
human resource management (HRM) is the management of an organization's workforce, or
human resources. It is responsible for the attraction, selection, training, assessment, &
rewarding of employees,. In Cronus International, NAV is used by HRM department for
many reasons, some of which are listed below:-
Maintain list of employees
Registration & Approval of employee absences
Details of employees like addresses, contact details, qualifications, etc.
Causes of employee absences / inactivity
Termination details reasons for termination & other details
Employee unions details
E.g. Snapshot from NAV for employee absence registration:-
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SERVICE DEPARTMENT
Dynamics NAV help the Cronus organize service resources for optimum efficiency, forecast
and track parts consumption, proactively manage contracts and service agreements, and gain
tighter control over costs. Various functions in Cronus in NAV are:-
Contract Management
It is the management of contracts made with customers, vendors or partners.
NAV executive can Create Contract Service Order or Invoice
Planning & Dispatching
Based on the transportation requests maintained in NAV optimal shipments are
created.
Service tasks and Dispatch board can used to know the current status of the order.
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Order Processing
The process associated with the receiving and documenting of the order/item(s).
Routine work:-
View E-mail queue
Service Document and Item log
By above NAV helps to Respond quickly to customer-service and use
information to make profitable decisions about the costs, inventories,
workloads, and financial returns.
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