Enterprise Resource Planning
An ERP system is a suite of integrated applications that can be used to manage various business processes, including finance, human resources, inventory management, and supply chain management.
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Enterprise Resource Planning (ERP)
ERP web applications are critical to companies because they help them implement resource planning. ERP systems can also integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more. Benefits of ERP System are as follows:
- Improves Accuracy and Productivity
- Improves Reporting
- Increases Efficiency
- Increases Collaboration
ERP System Modules
AÂ finance module, the foundation of just about every ERP system, manages the general ledger and all financial data.
The procurement module manages purchasing, whether raw materials or finished goods.
Manufacturing can be complicated, and this module helps companies coordinate all the steps that go into making products.
An inventory management module shows current inventory levels down to the SKU level and updates those numbers in real time.
The Order management application monitors and prioritizes customer orders from all channels as they come in and tracks their progress through delivery.
A warehouse management module directs warehouse activities like receiving, picking, packing, and shipping.
CRM is a popular module for tracking all communications with clients, assists with lead management, and can enhance customer service and boost sales.
PSA module can simplify client billing and encourage collaboration among staff members working on a project.
HRM module keeps employee records with detailed information, like available PTO and performance reviews, and can tease out workforce trends in various departments or demographics.
An e-commerce module allows retailers and brands to manage the back- and front-ends of their online stores.