Enterprise Resource Planning Functions and Features
ERP is based on a unified database intended for wide distribution. All business processes can rely on the accuracy of this data to perform job tasks with confidence. ERP brings data, staff and technologies together to streamline business operations.
Using an enterprise resource planning system will promote processes in departments such as:
- Inventory management: ERP for inventory management gives you real-time insight into your stock. When synced with data from manufacturing, distribution and sales, ERP links the supply chain pipeline. You can forecast issues and demand with analytics tools.
- Manufacturing: ERP for manufacturing helps you manage your resources and processes in the shop, including finances, procurement, planning and scheduling.
- Distribution: To move the product from the warehouse to its next destination, ERP manages order tracking, fulfillment and purchasing, so you can know the product's location and its availability.
- Customer relationship management (CRM): When used alongside your ERP solution, CRM allows you can nurture and obtain leads and have their information on hand for shipping and billing.
- Accounting: Accounting is a back-office process and a core function of ERP. Your ERP tools will manage your finances through accounts payable and receivable and ledger functions, as well as time tracking, payroll and taxes.