Enterprise Resource Planning also known as ERP software, is a suite of applications used for system-wide integration for all business processes and operations. There exist many definitions for Enterprise Resource Planning on the internet, and they can vary widely depending on the website you visit. In order to comprehend the Enterprise Resource Planning, read the complete article. ERP software or also known as Enterprise Resource Planning is a software solution for various businesses and industries. ERP software can be implemented and designed for every industry, be it a small scale or large scale. ERP software provides excellent results and helps in increasing efficiency in the operations.
A large-scale industry or business contains various types of division, and every division relies on other divisions to complete the tasks. These divisions interact with each other to exchange information and data / statistics. This interaction involves various processes, and are extremely tedious & time consuming. To solve these difficulties, and achieve complete automation, ERP software is used. As the name suggests, Enterprise Resource Planning is a software used for utilization and planning of various resources in the industry. This is achieved by various factors, and every element of ERP software is crucial.
ERP software can be implemented in every industry, thus making it necessary for every big business.ERP software are mainly used in manufacturing industry, power transmission industry, production industry, and service industries. These industries involve multiple operation work-flow, and are extremely labour intensive. To manage every operation in the industry along with yielding maximum output, ERP software is necessary. Every ERP software relies on its modules for working, and these modules interact with each other to make ERP software as a whole. Modules of ERP software differ for each industry needs, but there are some modules which are common and are used in every ERP software. These modules are known as the core modules of the ERP software. Additional modules or addon modules can also be added to ERP software to achieve flexibility and make the software more robust, but that depends on the customer’s needs.
Human Resource Management is one of the most pivotal modules in ERP software. HRM module is used to track employee, manage employee information, employee designation, job description, and attendance and tracking. All these operations are performed by HRM module and then later passed on to necessary module for future processing. This module also helps in payroll management, manage salaries, and payment reports.
Inventory Management module helps monitor all the inventory related operations. Starting from the raw material management, inventory management module goes all the way till the shipment is tagged and out for delivery. Inventory management module also keeps the track of stock piles in various warehouses, and maintain the entire record of all stocks.
Sales and Marketing module keeps the track of overall sales and marketing transactions, collecting information, storing that information for future references, and also generation of lead. All these operations makes this moduleimportant for yielding profit for the industry. Sales and marketing team feeds information to this module, which processes the data for strategic decision making.
Procurement is one of the most important steps in industries as production entirely depends on procurement of raw material.
Procurement management module manages all the purchases of raw material, its costing, and tracks the amount of raw material available in the industry for production scheduling.
All the account related transaction like expenditures, balance sheets, budgeting, bank statements, payment receipts, account ledgers, and tax management is done by the Finance and accounting module. Financial reporting is done in this module of ERP software for various industries.
CRM module keeps the record of all the transactions done with the customer, and increases the interaction with customer by sending various campaigns, lead generation links, and newsletters. This module is generally integrated with sales module to boost the sales and enhance sales quantity. All the details of the customer are stored in CRM module.
Supply Chain Management or SCM manages product items from manufacturers to consumer & consumer to manufacturer. Sales return and replacing, stockiest, distributors, shipping and transportation tracking, and demand and supply are some of the tasks SCM modules performs. This module is very important especially in manufacturing industries.
All these modules contribute to the entire working of ERP software for industries. Modules for ERP software are crucial. ERP software completely depends on these modules. There are various benefits of ERP software, automation being the utmost important.