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Overview of ERP Functional Modules

ERP software consists of modular functional areas that mimic organizational operations. Common modules include production planning, purchasing, inventory control, sales, marketing, finance, and HR. Production planning optimizes manufacturing capacity and resources using historical and sales data. Purchasing automates supplier identification, price negotiation, purchase order awarding, and billing. Inventory control maintains appropriate stock levels through replenishment techniques and executive-level reporting.

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Nikhil Iyer
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33 views2 pages

Overview of ERP Functional Modules

ERP software consists of modular functional areas that mimic organizational operations. Common modules include production planning, purchasing, inventory control, sales, marketing, finance, and HR. Production planning optimizes manufacturing capacity and resources using historical and sales data. Purchasing automates supplier identification, price negotiation, purchase order awarding, and billing. Inventory control maintains appropriate stock levels through replenishment techniques and executive-level reporting.

Uploaded by

Nikhil Iyer
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

Functional Modules of ERP Software ERP software is made up of many software modules.

Each ERP software module mimics a major functional area of an organization. Common ERP modules include modules for product planning, parts and material purchasing, inventory control, product distribution, order tracking, finance, accounting, marketing, and HR. Organizations often selectively implement the ERP modules that are both economically and technically feasible

ERP Production Planning Module In the process of evolution of manufacturing requirements planning (MRP) II into ERP, while vendors have developed more robust software for production planning, consulting firms have accumulated vast knowledge of implementing production planning module. Production planning optimizes the utilization of manufacturing capacity, parts, components and material resources using historical production data and sales forecasting. ERP Purchasing Module Purchase module streamline procurement of required raw materials. It automates the processes of identifying potential suppliers, negotiating price, awarding purchase order to the supplier, and billing processes. Purchase module is tightly integrated with the inventory control and production planning modules. Purchasing module is often integrated with supply chain management software. ERP Inventory Control Module Inventory module facilitates processes of maintaining the appropriate level of stock in a warehouse. The activities of inventory control involves in identifying inventory requirements, setting targets, providing replenishment techniques and options, monitoring item usages, reconciling the inventory balances, and reporting inventory status. Integration of inventory control module with sales, purchase, finance modules allows ERP systems to generate vigilant executive level reports.

ERP Sales Module Revenues from sales are live blood for commercial organizations. Sales module implements functions of order placement, order scheduling, shipping and invoicing. Sales module is closely integrated with organizations' ecommerce websites. Many ERP vendors offer online storefront as part of the sales module. ERP Market in Module ERP marketing module supports lead generation, direct mailing campaign and more. ERP Financial Module Both for-profit organizations and non-profit organizations benefit from the implementation of ERP financial module. The financial module is the core of many ERP software systems. It can gather financial data from various functional departments, and generates valuable financial reports such balance sheet, general ledger, trail balance, and quarterly financial statements. ERP HR Module HR (Human Resources) is another widely implemented ERP module. HR module streamlines the management of human resources and human capitals. HR modules routinely maintain a complete employee database including contact information, salary details, attendance, performance evaluation and promotion of all employees. Advanced HR module is integrated with knowledge management systems to optimally utilize the expertise of all employees.

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