FAQ About Enterprise Resource Planning

Most ERP systems offer a range of modules that cater to different functional areas of an organization. While the specific modules may vary between ERP vendors and industry focus, some common ERP modules found in most systems include:

• Finance and Accounting: Handles financial transactions, general ledger, accounts payable, accounts receivable, fixed assets, financial reporting, and budgeting.
• Human Resources (HR): Manages employee data, payroll, time and attendance, recruitment, onboarding, performance management, and employee self-service.
• Inventory Management: Tracks and controls inventory levels, stock movements, reorder points, and serial/lot number tracking.
• Supply Chain Management (SCM): Manages procurement, supplier relationships, order processing, demand forecasting, and distribution.
• Customer Relationship Management (CRM): Supports sales, marketing, customer service, and customer interactions, including lead management and sales automation.
• Manufacturing: Handles production planning, bill of materials (BOM), work orders, shop floor control, quality management, and production scheduling.
• Project Management: Manages project planning, resource allocation, project costing, progress tracking, and collaboration.
• Sales and Order Management: Manages sales orders, quotes, sales analytics, pricing, and order fulfillment.
• Service Management: Supports service order management, service contracts, field service management, and warranty tracking.
• Quality Management: Manages quality control, inspections, non-conformance, and corrective actions.
• Asset Management: Tracks and manages company assets, maintenance schedules, and asset lifecycles.
• Business Intelligence (BI) and Reporting: Provides analytics and reporting capabilities to generate real-time insights and data visualization.
• Risk Management: Manages risk assessments, compliance tracking, and risk mitigation strategies.
• Workflow Automation: Automates and streamlines business processes and workflows across different departments.
• Document Management: Manages electronic documents, version control, and document access permissions.
• E-commerce Integration: Integrates with online platforms for seamless e-commerce operations.