Enterprise Resource Planning
ERP stands for Enterprise Resource Planning and refers to software and systems used to plan and manage all the core supply chain, manufacturing, services, financial and other processes of an organization.
Modules - Features
Financial Management
Sales Management
Procurement Management
Accounts
Inventory Management
Quality Control
Manufacturing
Project
Asset Management
Warehouse Management
Retail POS
CRM
HRM
Administration, where setup of the various core settings in the application are done
CRM, where common sales employee tasks link to the other modules
Financials, where definition of Chart of Account are set up and the core Journal Entries can be created
Opportunities, where Lead generation are used to keep track of potential Sales and Purchases
Sales - A/R, where the sales flow (Quotation > Order > Delivery > AR Invoice) are managed
Purchasing - A/P, where the purchase flow (Quotation > Order > GRPO > AP Invoice) are managed
Business Partners, where master data of Leads, Customer and Supplier are maintained
Banking, where payment of Incoming (sales) and Outgoing (purchase) payments are created
Inventory, where master data of goods to be sold/purchased are maintained and their quantity/value in warehouses are tracked
Resources, where master data of resources (machines and people) to be used in production are defined (capacity and planning)
Production, where Bill of Materials master data are maintained and Production orders are created
Project Management, where you define projects (what you do when)
Material Requirements Planning (MRP), where forecasts of needed items in sales/production are defined in order to make purchase order recommendations
Service, where management of service contracts are maintained and service calls are created
Human Resources, where employee master data (names, contract information, roles, etc.) are maintained
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