To achieve efficiency, planning and scheduling is required in every firm; this is especially important within the manufacturing, distribution and e-commerce sectors. Scheduling and planning of manufacturing and procurement is key to the success of your business.
While ERP systems can accommodate some human resource data elements, mainly personnel records, job descriptions, and payroll, they are not designed to identify talent, screen applications for qualifying keywords, communicate seamlessly with departments or candidates, onboard, or retain top talent.
Inventory management is critical component in ERP systems that can help you to manage your retail locations and your warehouses. For example: A wholesale super market has loads of products and collection of stock items. With ERP systems it is very easy to organize the number of items with specific identification number which can be confirmed easily.
Customer relationship management (CRM) is a term that refers to practices, strategies and technologies that companies use to manage and analyze customer interactions and data throughout the customer lifecycle, with the goal of improving customer service relationships and assisting in customer retention and driving sales growth.
In addition to material and capacity resources, operational materials can also be managed. Operational materials are defined as resources that are necessary for carrying out the individual operations in a routing (e.g. tools, tool sets, measuring and test equipment, devices and NC programs).
Material Management is responsible for purchasing the highest quality equipment and products at the lowest possible cost for the organization. Material Management is also responsible for managing purchasing, inventory control functions, shipping and receiving, also planning and administering department budgets.
The account module in ERP Systems provides financial functionality and analysis reports for ledgers, trail balance data, overall balance sheets and quarterly financial statements. The objective of a good Financial accounting system is to provide company wide control and integration of Financial information that is essential to strategic decision making.
ERP asset management modules handle tracking functions across production, including maintenance schedules, uptime and downtime, compliance and warranty management. Learn the features of asset management software in the ERP asset management guide.
The loan management module is a blend of all important functionalities like to manage different type of loan, different calculation mode, borrowed & issued loans, loans with installment repayments with accounting entries, annuity repayment, possibilities for entering special repayments and many more options with it.
These might not be the first things in mind with ERP reports. A check is a report; it is printed and shows a record of what is to be paid to someone. A purchase order is a report showing the agreement to buy something and pay for it after receipt. The label that prints automatically when that PO is received is also a report.
Support Management are used by organizations to maintain lists of issues that include a trouble ticket, incident ticket, support ticket, and more. Being a computer software package, it makes use of ERP to maximize its potentials. With the support of ERP, it is more organized which makes the system to be effective and efficient.