Post on 19-Jan-2015
description
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
Components
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.
The End
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