Common Modules of ERP System
ERP is a complete software package of different modules consisting of features right from the lead entries till the delivery of the products and its customer reviews. But not all these are required for all kinds of industries as each differ in their operations.
In general, an ERP can have “N” number of features and functionalities. Depending upon the industry types and nature of business, It can be customized based on specific requirements of an organization. Apart from all these differences, there are few common functionalities that any organization as a business would need the most.
- Sales and Marketing :
This module has all features to keep track of new leads, customer details, visit reports, sales target comparison, and all other information. Using this function, a marketing person need not worry about missing any appointments or follow ups. And once the order is confirmed you can generate sales orders, raise invoice and make record of product delivery details as well as customer reviews.
- Planning and Production :
The planning module is a great help for manufacturing industries, to estimate the cost, time and production capacity once you receive the order. Using the existing information on stock items and machine calendar details you can very well plan the operations with all precautions. The production module gives you the complete ongoing production status of various processes, the machine idle time details and the pending process’s information. This can help in forecasting future requirements and estimate profits.
- Purchase and Stores :
Any manufacturing industries must have this module which gives complete information regarding the raw materials available, the minimum and maximum stock maintenance, reminders for stock out details and much more. It also provides a clear view on the arrangements of stock materials in store. With all these timely information on inventory details, the company can prevent any last minute hassles.
- Accounts :
The cash flow happens inside an organization at all levels and departments. So it is essential to maintain all transaction details in ledger management. It also helps the organization to handle taxation as per government regulations. Hence using this module you can get an overview of the company’s financial status and maintain a stability to face future requirements as well as to eliminate unnecessary expenditures.
- Human Resource Management :
The Human Resource Management (HRMS) keeps record of complete employee details and their performance metrics. You can generate payroll and also maintain employees’ attendance records. It makes sure that proper training has been given to each individual on all aspects to help them grow in their career as a mutual development for the company as well. With this, you can build employee key result areas to maximize employee performance, thereby gaining a competitive advantage and growth of business. Not only employee performance but you can also maintain a strong relationship and culture between workers and the company.