Features to be Present in ERP Software

ERP is an important tool in the business it integrates all the functions in the organization. It provides many advantages like streamline work flows, giving maximum customer satisfaction and real-time statistical reports on sales and availabilities. It controls all the functions in an organization.

Major features are of an ERP software system are:

Manufacturing: ERP controls the whole manufacturing process right from the design of the product to building up. It reduces the manufacturing costs and follows the best practices in quality production. ERP system sets the schedule for engineering process and automation process. It increases the manufacturing speed along with the quality.

Supply chain management: ERP system helps in scheduling the distribution of products, it supports the inventory management in purchasing, order management and logistics. It manages the procurement of the supply chain management. ERP system makes the business more efficient and effective.

Customer relationship management: CRM is one of the important feature of ERP system. It understands the customer requirements and addresses these needs to sales deportment and providing the buying pattern also.

Plant management: ERP system gives the information regarding the spare parts replacement and parts capabilities. It gives the complete plant capability also. It suggests the improvements in plant mechanism.

Financial management: ERP system is having the features in accounting management also like accounts payable, accounts receivable, cash flow, budget etc. It gives the indications in accounts management. It provides the accurate financial information.

Human resource management: This module is taking the complete care about recruiting, training, payroll, performance appraisal, personal development, etc.

We can call ERP system as a bundle of facilities. It gives so many facilities and maintains the complete organization. It provides the systematic management of the organization.