•Aug 22, 2019
What are The modules of an ERP? | Modules of ERP System | TechMoodly
ERP Modules explained by Techmoodly here in simple wa

•Aug 22, 2019
What are The modules of an ERP? | Modules of ERP System | TechMoodly
ERP Modules explained by Techmoodly here in simple way.

Enterprise Resource Planning System(ERP), just by considering name we can simply define ERP as System or software that used to manage all the resources of the whole enterprise. Right from employee payments to a single screw coming into the enterprise, everything can be managed & tracked by using ERP Systems. ERP is a cross-functional software that supports all the business processes within the organization.

In an organization, ERP helps to manage business processes of various departments & functions through the centralized application. We can make all the major decisions by screening the information provided by ERP.

There are many vendors in the market which are providing traditional ERP solutions or Cloud-based ERP solutions. Though implementation platforms or technologies are different, there are common & basic modules of ERP which can be found in any ERP System. Depending on organizations need required components are integrated & customized ERP system is formed. All the below-mentioned modules can be found in an ERP system:

Human Resource
Inventory
Sales & Marketing
Purchase
Finance & Accounting
Customer Relationship Management(CRM)
Engineering/ Production
Supply Chain Management (SCM)

Each component mentioned above is specialized to handle the defined business processes of the organization. Let us go through the introduction of the various modules.

Human Resource Module(HR):

Human Resource module helps to HR team for efficient management of human resources. HR module helps to manage employee information, track employee records like performance reviews, designations, job descriptions, skill matrix, time & attendance tracking. One of the important submodules in the HR module is Payroll System which helps to manage salaries, payment reports etc. It can also include Travel Expenses & Reimbursement tracking. Employee Training tracking can also be managed by ERP.

Inventory Module:

Inventory module can be used to track the stock of items. Items can be identified by unique serial numbers. Using that unique numbers inventory system can keep track of item and trace its current location in the organization.

e.g. you have purchased 100 hard disks, so using inventory system you can track how many hard disks are installed, where they are installed, how many hard disks are remaining etc.

Inventory module includes functionalities like inventory control, master units, stock utilization reporting etc.

There may be an integration of the inventory module with the purchase module of ERP.

Sales Module :

Typical sales process includes processes like Sales queries & inquiry analysis & handling, quotation drafting, accepting sales orders, drafting sales invoices with proper taxation, dispatch/Shipment of material or service, tracking pending sales order. All these sales transactions are managed by the sales module of ERP. CRM module can take the help of the Sales module for future opportunity creation & lead generation.