Systems for enterprise resource planning, or ERPs, usually have multiple modules that each handle a certain facet of running a firm. These modules are made to work in unison with one another, offering a complete solution for handling different organizational tasks. These are a few typical ERP modules:
This module oversees all financial transactions, including budgeting, general ledger management, accounts payable and receivable, and financial reporting.
Payroll, benefits administration, hiring, training, performance management, and compliance are among the tasks that fall within the purview of the HR module.
Supply Chain Management (SCM):
SCM modules govern the movement of products and services, including logistics, order fulfillment, inventory control, procurement, and supplier relationships.
The work orders, scheduling, quality control, bill of materials (BOM), and shop floor control are all managed by this module.
CRM modules are used to automate marketing campaigns, manage leads and prospects, track customer interactions, and assist with customer service tasks.
Reorder point optimization, stock level tracking, inventory movement tracking, and inventory valuation are all made easier by inventory management modules.
Work management, resource allocation, budgeting, and project collaboration are just a few of the features that project management modules assist with as they plan, carry out, and monitor projects.
Receiving, put-away, picking, packaging, and shipping are all optimized by this module.
Business Intelligence (BI) and Reporting:
BI modules examine data from multiple sources to produce insights and aid in decision-making. They frequently come with features for data visualization, reporting, and dashboards.
Through inspection, tracking non-conformance, remedial action, and quality metrics, quality management modules make sure processes and products satisfy quality standards.
Maintenance plans, depreciation, lifecycle management, and asset monitoring are just a few of the physical asset tracking and management features provided by asset management modules.
Compliance and Risk Management:
These courses assist businesses in managing risks associated with legal, financial, and operational issues as well as adhering to regulatory regulations.
By electronically organizing and storing documents, document management modules make collaboration, version control, and document retrieval easier.
Sales and Order Management:
From lead generation to order fulfillment, this module manages the sales process. It has functions including order processing, sales analytics, sales forecasting, and quote management.
Lead nurturing, email marketing, campaign management, and customer segmentation are just a few of the marketing tasks that marketing automation modules help automate.
By recording service requests, managing field service operations, managing service contracts, and setting up appointments, service management modules assist firms that focus on providing services.
By connecting an organization's ERP system to e-commerce platforms, e-commerce integration modules facilitate the easy management of online sales orders, inventory synchronization, and customer data integration.
Customer Self-Service Portals:
By giving consumers the ability to see order status, track shipments, access invoices, and submit service requests, these modules free up customer support teams to focus on other tasks.
Employees can access ERP functions on their mobile devices with the help of mobile ERP modules, which enables them to carry out operations like inventory management, expense reporting, and time tracking from a distance.
Localization and Globalization:
These modules enable firms to operate internationally while adhering to local standards. They support various languages, currencies, and regulatory requirements.
Intercompany Transactions:
These modules, which streamline financial operations including intercompany billing, transfer pricing, and consolidation, enable transactions between various entities within the same organization.
Real-time Analytics and Dashboards:
These modules give managers and executives instant access to metrics and key performance indicators (KPIs), facilitating data-driven decision-making and performance tracking.
By establishing workflows, routing approvals, and initiating actions based on established rules and conditions, workflow automation modules automate repetitive operations and streamline business processes.
Data Migration and Integration:
Modules for data integration and migration make it easier to integrate data from outside sources and move data from outdated systems, assuring correctness and consistency of data throughout the ERP system.
Customer Feedback and Surveys:
By collecting customer feedback and survey results, these modules help businesses learn more about their target audience's preferences, levels of satisfaction, and trends.
