From tracking orders to managing people and data connected to the orders, the Order Management module delivers visibility and service availability. Inventory Management allows manufacturers to gain real-time inventory information and manage all aspects of the business on one platform. This includes finance, planning, logistics, and operations. The Inventory Management ERP module provides just-in-time JIT inventory, real-time goods receipts, and inventory levels, valuation of inbound and outbound inventory, ABC item analysis, inventory audits, accurate forecasting, direct drop shipment, and more.
Warehouse Management software manages high-volume warehouse operations and guides employees throughout the operation, from put away to picking, packing, and shipping.
It is a crucial module for manufacturing organizations. Warehouse Management reduces cycle times and overhead costs while increasing inventory turns. It lets you automatically coordinate and record the movement of inventory. When this module is integrated into an ERP solution, employees can easily locate the right products to ensure timely delivery to customers. Supply Chain Management tracks every step in the supply chain process. It ensures the availability of the right inventory, in the right place, and at the right time.
This module also manages man, materials, and refunded products or replacement orders. Customer Relationship Management CRM helps manufacturers manage the customer lifecycle, from initial contact to sales, production, and post-sale maintenance and support services. You can find information about customers and prospects, their communication history, and purchase history.
ERP CRM helps you create and manage service and warranty agreements efficiently and provide faster response to service calls. It enables you to automate operations such as generating accounts receivables, sending notifications, filling out purchase orders, and more.
It ensures a shared database of payment, order, and inventory information. The Ecommerce module ensures automation, real-time information, data consistency, and eliminates data redundancy. It saves time and eliminates the possibility of manual data entry errors. Choosing the right ERP software for your business is not a cakewalk. It needs a high degree of dedication, patience, and perseverance to select one ERP system among the many solutions available. ERP software plays a vital role in overcoming business challenges, reducing waste, and ensuring operational efficiency.
ERP modules allow manufacturers and distributors to effectively manage and control their inventories, purchases, sales, and accounts. It also provides human resource management to manage and control employees. All these things help in the improvement of the business. ERP module will be beneficial for payroll, patient care, controlling instrument supplies, compliances, etc.
It also helps in operational assistance. ERP module helps to improve the management of students enrolling process, teaching sessions, etc. It is also helpful in scheduling parent-teacher meetings, conducting the monthly test, etc.
It helps in monitoring the admission fees, student attendance, staff attendance, and staff leaves. In this sector, customer service is very, very important. So it would be best if you concentrated more on customer satisfaction. ERP system helps to automate the workflow smoothly so that it reduces the waste of time and decreases stress on management and workers.
Equipment rental cost control and inventory handling, and deadlines are critical aspects of construction industries. A good and efficient ERP software helps the industry with automated workflow and streamlines the process.
ERP modules help this sector by maintaining expenses and profits, keeping accurate employee data, controlling inventories. Hence billing cycle and cost are decreases and profit increases. Customer Relationship Management Enabling businesses to build a better relationship with their customers, this module helps you boost your sales.
From sales and purchase management, help desk functions, sales and sales opportunity tracking to customer contact database management, the module takes care of all your CRM management process. Material Requirements Planning MRP Module Automating your manufacturing process including, production planning and control, bill of materials, range, machinery and labour management, production order, work order, stock management and production alerts and exception handling, the module offers you a flexible and an effective solution to reduce the complexity of your MRP process.
Project and Costing Management Module Introducing simplicity to your project and costing management, this module will help your business speed up your operations in a more effective manner. Project planning, Gantt charts, project collaboration, project costing control and task management are some of the features come with this module.
Inventory Management Comes with functionalities such as inventory control, barcode tracking, master units, stock utilization, reporting and more, an inventory management module will improve the visibility and traceability of your inventory making it more efficient.
If the ERP system is the toolbox, the modules are the screwdriver, wrench, hammer and other tools in the box that each have specific uses. The modular design of ERP allows it to meet the shifting needs of a business and is a big reason this software has become ubiquitous.
An organization can purchase only the modules relevant to its business model, operations and key challenges. It can then add ERP modules to address new needs or challenges as the organization evolves. The beauty of modular ERP software is that a company can add this functionality while keeping the same foundation in place. There is no need to implement a new ERP system—a lengthy process—when requirements change, as long as the company chooses an established ERP provider with a wide selection of modules.
There is a wide variance in what is included in an ERP purchase and which modules vendors charge extra for. Typically, the core financial functions are included with the base package, while features like CRM and human resources management may cost extra. Some offerings are bundled by industry so, for example, a manufacturer would buy a package with supply chain management included or a retailer would buy a package with commerce included.
On-premises ERP vendors typically charge an upfront per-user license, while software-as-a-service SaaS vendors charge on a per-user, per-month or year basis. In some cases, there are transaction-based charges. The finance and accounting module is the most important ERP module because it allows businesses to understand their current financial state and future outlook.
Key features of this module include tracking accounts payable AP and accounts receivable AR and managing the general ledger. It also creates and stores crucial financial documents like balance sheets, payment receipts and tax statements.
The finance module can automate tasks related to billing, vendor payments and account reconciliation, helping the accounting department close the books in a timely manner and comply with current revenue recognition standards. Companies can keep a list of approved vendors in this module and tie those suppliers to certain items. The module can automate requests for a quote, then track and analyze the quotes that come in.
Once a company accepts a quote, the procurement module helps the purchasing department prepare and send out purchase orders. It can then track that purchase order as the seller turns it into a sales order and ships the goods, automatically updating inventory levels once the order arrives.
The manufacturing module helps manufacturers plan production and make sure they have everything they need for planned production runs, like raw materials and machinery capacity. During the manufacturing process, it can update the status of goods-in-progress and help companies track actual output against forecasted production.
It also provides a real-time picture of the shop floor, capturing real-time information on items in progress and finished goods. It can calculate the average time to produce an item and then compare supply with forecasted demand to plan adequate production. The inventory management module enables inventory control by tracking item quantities and location down to individual SKUs.
This module offers a complete picture of not only current but also incoming inventory, through an integration with the procurement tool. This piece of software helps businesses manage inventory costs, making sure they have sufficient stock without tying up too much cash in inventory.
An inventory management application can weigh sales trends against available product to helps companies make informed decisions that boost margins and increase inventory turn a measure of how often inventory is sold over a certain period.
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