Enterprise resource planning systems have a host of applications that manage the core business functions in a unified manner. It facilitates seamless task flow in sales, inventory, customer relationship management, human resources, and finance. The Employee payments to a single coming into the enterprise, everything can be manage and tracked by using ERP Software System.
Benefits of Enterprise Resource Planning Software
There are many vendors in the market which are providing traditional ERP solutions or Cloud-based ERP solutions. Though implementation platforms or technologies are different, there are common & basic modules of ERP which can be found in any ERP System. All the below-mentioned modules can be found in an ERP system:
- Human Resource
- Inventory
- Sales & Marketing
- Purchase
- Finance & Accounting
- Customer Relationship Management(CRM)
- Engineering/ Production
- Supply Chain Management (SCM)
Human Resource Module(HR):
HR module helps to manage employee information, track employee records like performance reviews, designations, job descriptions, skill matrix, time & attendance tracking. It is a blanket for a ERP system that actually includes most if not all of the following ERP modules in a single package. The definition are brief descriptions of the most common modules by HR function, together with the key features for each.
Inventory Module:
Inventory module can be identified by unique serial numbers. ERP System inventory Level short for enterprise resource planning inventory system, refers to an integrated approach to business planning and operations. ERP inventory Software management system, businesses can manage all their finances, logistics, operations, and inventory in one place. There may be an integration inventory management with the purchase module of ERP software.
Sales Module :
Stay on top of your customer accounts, inventory levels and purchase histories in real-time by automating your quote-to-cash cycle. Sales module is created to customer’s requirement in the system. That will the price and check for the availability of products. Perform Invoice can be created in order to inform the customer about the value of the goods, so that he will make arrangements for the payment to be made, when goods arrive at his place. Enquiry handling is used to enter the detail of enquiry received from prospective clients.
Purchase Module:
As the name indicates, purchase modules take care of all the processes that are part of the procurement of items or raw materials that are required for the organization. It processes of identifying suppliers, negotiating, awarding purchase order to the supplier management, and billing process. Purchase module is tightly integrated with the inventory system control and production planning modules. Purchase module is integrated with Inventory module & Engineering/production module for updating of stocks.
Finance & Accounting module:
In today’s competitive world, for any organization, sound financial planning and management is very important to ensure sustained growth and good health of business. For you need have an view of your business finances module. Financial module reporting is an task for this module of ERP software . Any Financial module data that is required for running the business is available on one click in Finance module.
Customer Relationship Management (CRM) module:
CRM Module is helping to boost the sales system performance through better customer service & establishing a healthy relationship with customers service. From the organization’s point of view, this enter relationship management compasses direct interactions with customers, such as sales and service-related processes system, and forecasting and analysis of customer service trends and behaviors. CRM Software to enhance the customer’s overall experience. CRM Software can be give customer staff details information on customer personal data information, purchase history and concerns.
Engineering / Production module:
To support the need to reduce cost and time to market, greater emphasis is needed to control shop floor activities. Well-organized manufacturing process, resulting elimination of bottleneck and waste, necessitates greater reliance upon flexible and user friendly production planning and control system. This module function like production planning, machine scheduling, raw material usage, preparation, track daily production progress production forecasting & actual production reporting.
Supply Chain Management (SCM):
Supply Chain Management is the end-to-end transportation management of best services on consumer. ERP can efficiently streamline the business operations of the organization. SCM Introduction of modules can help choose and customize the ERP Software depending on your organization requirements. Companies need manufacturing and supply chain logistics expertise and the demand sourcing specialists, global supply analysts, purchasing managers and supply chain managers is expected to grow.
ACG Infortech Ltd. 