Enterprise Resource Planning Functional Modules
18/03/2024Enterprise Resource Planning (ERP) systems are comprehensive software solutions designed to manage and integrate all the critical functions of an organization. These systems are composed of various functional modules, each focusing on a specific business area, ensuring streamlined operations and facilitating data sharing across the organization.
Finance and Accounting
- General Ledger
- Accounts Payable
- Accounts Receivable
- Asset Management
- Budgeting and Forecasting This module manages all financial transactions, reporting, and compliance, providing real-time insights into financial performance.
Human Resources (HR)
- Payroll
- Employee Records
- Recruitment and Onboarding
- Performance Management
- Time and Attendance HR modules handle employee-related processes, from hiring and payroll to performance reviews and benefits administration.
Manufacturing
- Product Planning
- Material Requirements Planning (MRP)
- Shop Floor Management
- Quality Control
- Product Lifecycle Management This module supports manufacturing operations, including product design, production planning, inventory management, and quality assurance.
Supply Chain Management (SCM)
- Inventory Management
- Order Management
- Logistics and Distribution
- Supplier Relationship Management SCM modules optimize the flow of goods from suppliers to customers, managing inventory levels, procurement, and logistics.
Customer Relationship Management (CRM)
- Sales Force Automation
- Marketing Automation
- Customer Service and Support CRM modules focus on managing interactions with current and potential customers, streamlining sales processes, and enhancing customer service.
Project Management
- Project Planning and Scheduling
- Resource Allocation
- Time and Expense Tracking
- Project Billing This module helps organizations plan, execute, and monitor project-based work, ensuring projects are delivered on time and within budget.
Business Intelligence (BI) and Analytics
- Data Warehousing
- Reporting and Dashboards
- Predictive Analytics BI modules analyze data from various sources, providing insights and forecasts that support strategic decision-making.
E-Commerce
- Online Sales
- Customer Portal
- Order Fulfillment
- Payment Processing For businesses with an online sales component, e-commerce modules integrate web-based sales with the back-office ERP system.
Procurement
- Purchase Requisitions
- Purchase Orders
- Vendor Management
- Contract Management This module manages the procurement process, from requisition to payment, ensuring cost-effective purchasing decisions.
Warehouse Management
- Inventory Control
- Warehouse Operations
- Shipping and Receiving Warehouse Management modules optimize warehouse operations, improving inventory accuracy and efficiency.
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