Enterprise resource planning or ERP is a software system typically used to virtually integrate the entire business processes of a company.
Manufacturers can access all information from their departments and monitor entire processes and operations for better performance & future planning.
Modern ERP systems offer a centralized database solution for different business departments to access their desire information locally and remotely.Different Modules of ERPMost ERP systems feature some common modules and success factors of ERP implementation includesFinancial ManagementCustomer Relationship ManagementHuman ResourcesManufacturingSales & MarketingSupply Chain ManagementFinancial ManagementThe financial management module can store, monitor, and analyze your all financial data.
This module helps improving cash flow, lower costs, increase profitability, and maintaining correct reporting of its related activities and operations.
It is also a major component and helps optimizing sales & marketing efforts including managing invoicing activities.
The module allows efficiently tracking buying histories of your customers for better production processes and performance.Human ResourcesEmployees are an essential part of any organization or company because.