ERP or enterprise resource planning is a composition of versatile software modules helping business owners to track their business performances. Implementation of ERP system software assists owners to share real time information from different locations.
It is a perfect solution for company owners to make maximum gain with minimum utilization of resources. Improved workflow, reduced human capital management, efficiency with high accuracy, better customer relationship management and order tracking process are some among the core advantages of using best ERP software. It helps company professionals to focus on updated information so that they can achieve a top level position in global market field. Each module equipped in the blend of modules of ERP software performs a definite function. Choosing the right vendor from market plays a significant role in performing these functions. ERP software should be implemented in such a way that it can be easily modified as per the needs of company. Now let’s see the details of different functional modules of ERP software used for integrating company field resources.
ERP production planning module is one among the important functional modules of ERP used for improving production. Product planning module aims in producing maximum product with minimum utilization of resources. It deals with all functions related to product manufacturing including planning of components and inventory cost. By implementing ERP production planning module, you can easily get a datasheet report about different stages of production. Stock reports, updated requirements of production and sales forecasting are some main functions included under the list of ERP production planning module. Purchasing module is another main wing under functional modules of ERP. It helps in giving out detailed reports of product ingredients, potential suppliers, purchase order tracking and billing processes. Usually, purchasing module is often integrated with production planning module and inventory control module for improving efficiency.
Inventory control module is one among the main functional modules of ERP used in versatile sectors like schools and hospitals. Planning of future production, storing items that goes below critical level in market, making reports of inventory requirements, and monitoring purchases are some core functions of inventory control module. Sales module, an important functional module of ERP software focuses on order placement, shipping and invoicing. In most cases, sales module is integrated with ecommerce websites of company for promoting sales. Marketing module, dealing with promotional activities for company profit is another functional module of ERP software. Direct mailing campaign and lead generation are two among the core functions provided by marketing module.
Implementing financial module of ERP software helps business owners in easier tracking of company’s financial information. Preparing budget, cash management report and balance statements are key functions included under financial module package. ERP HR module, provided for controlling human resources and human capital is another main functional module in ERP software implementation. It provides detailed information about employee including salary details, contact information, attendance and promotion. Integration of functional modules in ERP software increases workflow, eliminates unnecessary waste, improves operational efficiency and enhances customer satisfaction.
