Enterprise resource planning software, which is usually referred to as ERP software, uses computerized data flow diagram technology to assist in the management of all aspects of a company’s operation. An ERP software solution is actually more correctly referred to as a “system,” as it typically uses a local area network (LAN) to facilitate communication between the software’s modular units. These modular units include both hardware and software.
Features and Advantages of ERP Software
The most important advantage offered by an ERP software system is that it integrates every key area of business. These systems are designed to collect individual software modules in a single database, making them easy to reach for anyone who needs to access them.
Individual modules of an ERP software system typically include:
Manufacturing tracking. The engineering, billing, project management, scheduling, quality control and cost control resources needed to create an efficient manufacturing operation are considerable. ERP software helps to manage them.
Supply chain management software. SCM software helps businesses optimize their supply chains to create an advantageous balance between supply and demand.
Financial software. Asset management and accounting modules are typically part of the financial software components of an ERP software system. ERP accounting software is part of a system’s financial module.
Project management software. Project managers deal with production scheduling, cost control and billing, and activity management. ERP software includes modules designed to make their jobs easier.
Human resources tools. HR departments need to track hires and terminations, benefits claims, training programs and time tracking.
CRM management software. Customer relations management software is essential if your company has a service center or receives a high volume of incoming calls.
Access controls. Certain employees will need to access certain modules while others will not. Access controls ensure that only authorized persons can view and manipulate sensitive information.
Popular Enterprise Resource Planning Software
Microsoft’s Dynamics family of products is among the top sellers in the world of ERP software, but there are many other options available. Ramco Systems, Oracle, Infor Global Systems, The Sage Group and OBS Logistics are among the most prominent suppliers of enterprise resource planning hardware and software tools.