Question

List down different modules of ERP system.

Answer 1

1. Financial Module: This module is the core of many ERP software packages. It can collect financial data from various functional departments and generate valuable financial reports. Financial reports include balance sheets, general ledger, trial balance, financial statements, etc. This module also includes financial accounting, investment management, enterprise controlling and treasury.
2. Manufacturing Module: Manufacturing module contains necessary business rules to manage the entire production process. This module of ERP enables an enterprise to combine technology and business processes to get integrated solutions.
3. Production Planning Module: This module is used for optimising the utilisation of available resources and helps the organisation to plan their production. This module identifies the materials required, allocates optimal resources using data and sales forecasting with the sales data.
4. HR Module: HR stands for Human Resource. HR module maintains an updated and complete employee database including personal information, salary details, attendance, performance, promotion, etc of all employees in an enterprise.
5. Inventory Control Module: This module covers the processes of maintaining the appropriate level of stock in the warehouse. It is responsible for identifying the inventory requirements and setting the target of the stock items required.
6. Purchasing Module: Purchase Module helps for generating purchase orders by evaluating the supplier, and billing. It is closely connected with the inventory, finance and production planning module.
7. Marketing Module: Marketing module is used for monitoring and tracking customer orders, increasing customer satisfaction and eliminating credit risks.
8. Sales and Distribution Module: This module helps for tracking enquiries, order placement, order scheduling, dispatching and invoicing. This module is closely integrated with the e-commerce website of the organization.
9. Quality Management Module: This module is used for managing the quality of the
   product. The quality management module fulfills the following functions-Quality planning, Quality inspection and Quality control.