ERP Functions and Modules
The ERP functions are discussed in our Enterprise Resource Planning ERP homework help online as follows:
Manufacturing: Manufacturing aids businesses manage production and product development. The ERP functionality offers users the tools required to manage finances, resources, and the shop floor. The manufacturing system must assist with scheduling and planning, forecasting, budgeting, materials management, and procurement. The management solutions depend on the project management tools for keeping a track of designs.
Accounting: ERP came into existence due to the requirement for combining back-office and manufacturing functions. Accounting is the main function. The accounting tools support accounts payable, accounts receivable, and general ledger functions for managing the finances. Accounting software works slightly differently when it is included in ERP. ERP database provides data from processes automatically. It minimizes the time the accounting staff has to spend to collect financial information. It minimizes the possibility of errors.
Human Resources: Human Resources is a functionality of ERP. This software includes all HT functions that an employee has to go through during the time period he is employed with the company. One vital function is applicant tracking. It allows users to keep a tab of the potential employees in the recruitment process. HR can search for the best candidate as per the criteria. HR deals with functions including payroll, training, and performance management. Due to the ERP database, the applications in the system take out data from the source.
Customer Relationship Management: The foundation of a business function is a strong relationship with customers. Customer relationship management tools can help to foster the connections much easier than before. When a CRM becomes a part of the ERP, it offers customer data at a single place. It enables quicker user access at a time when customer data is required for billing, shipping, and marketing purposes.
Benefits of Enterprise Resource Planning (ERP)
The benefits are highlighted in our Enterprise Resource Planning assignment help online as follows:
- Efficiency: It eliminates repetitions and greatly minimizes the need for entering information manually.
- Forecasting: It provides users and managers the resources and tools required for creating accurate forecasts.
- Productivity: It saves time due to product enhancement. It makes work easier due to its easy use.
- Flexibility: ERP software is flexible and robust. It can adapt to the altering needs of a business.
- Collaboration: Collaboration between various departments is important and it is a vital aspect of manufacturing. When data is entered into an ERP system that is consistent and centralized then departments can work together.