Enterprise Resource Planning (ERP) software has become an important part of many businesses. It encompasses multiple modules that help departments across the organization. ERP software gives users access to real-time information they need to make informed decisions and perform their functions.
No two businesses are alike. So, depending on the needs of your business, look for industry-specific modules that can help your company scale quickly. An ERP module is a software component that manages a specific area of the business. Each module gathers data and pushes it into the central database.
Let’s look at
- Finance and Accounting
- Human Capital Management
- Order Management
- Inventory Management
- Warehouse Management
- Supply Chain Management
- Customer Relationship Management
You may need some of these modules and not others. As mentioned above, each module handles specific business requirements and ensures company data gets centralized. With all business data managed on one platform, your employees can focus on profit-making tasks instead of micro-managing and reworking mundane operations.
What are the benefits of ERP modules?
Module data gets stored in one database so it's secure, centralized, and provides a single source of the truth.
ERP promotes better coordination between departments and increases the smooth flow of information. It helps businesses provide greater customer service with on-time deliveries and better customer follow-up. Strong functionality and real-time ERP data improve business reporting, which leads to smarter decision-making.
The Warehouse Management module manages high-volume warehouse tasks and inventory movement. It helps warehouse personnel easily locate supplies for on-time production and customer deliveries.
These are just two examples of how ERP modules help manufacturers seamlessly manage operations. When evaluating ERP software, the modules you need will depend on your business and its challenges. You can always add additional modules later if necessary. Each module meets specific business requirements and automates tasks for greater efficiency.
Learn more about ERP modules and their benefits