ERP Components

Introduction ERP software is made up of many software components. Each component represents the major functional area of the organizations.

ERP Components

Components Financial Management Component Manufacturing Component Human Resource Component Materials Management Component Production Planning Component Plant Maintenance Component Purchasing Component Marketing Component Sales and Distribution Component

Financial Management Component This component is the core of the ERP system. This gathers financial data from various functional departments and generates valuable financial reports such as balance sheet, general ledger; trial balance and quarterly financial statements.

Manufacturing Component This component provides the information needed for the manufacturing process to take place. It contains number of manufacturing methods, so that the organization can choose the best which fits for them.

Human Resource Component This component streamlines the management of human resources and human capitals. This component maintains a employee database containing information about employees contact information, salary details, attendance, performance evaluation and promotion details. This component helps the management to make use of the employees best talent.

Human Resource Component

Materials Management Component This component is used to maintain the correct level of stock in the warehouse. This helps to do the following tasks. Identifying inventory requirements Setting targets Monitoring item usage Inventory status report

Production Planning Component This component provides knowledge for planning the production process. For this it uses the previous production details, stock in hand, materials stock etc.

Production Planning Component

Plant Maintenance Component This component provides knowledge about the technical and operational details about the machineries used for production. This information helps to reduce the duration and cost of plant down time.

Purchasing Component This component streamlines the process of getting the required raw materials. It automates the process of identifying potential suppliers, price negotiation, giving purchase order and billing process. This component is tightly integrated with the materials management and production planning.

Marketing Component This component shows the correct path for marketing the product in the highly competitive market. This component has number of marketing methods to implement in different areas.

Marketing Components

Sales and Distribution Component Revenues from sales are the life blood of any commercial organization. This component helps in order placement, order scheduling, shipping and invoicing. It is also closely integrated with the organizations e-commerce web sites.

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