Enterprise resource planning (ERP) is a system that integrates planning, manufacturing, distribution, shipping, and accounting functions into a single system, designed to serve the needs of each different department within the enterprise. ERP is more of a methodology than a piece of software, although it does incorporate several software applications, brought together under a single, integrated interface.
ERP Software
packages are integrated (covering all business functions) software packages that support the ERP concepts.ERP Software is designed to model and automate many of the basic processes of a company, from finance to the shop floor, with the goal of integrating information across the company and eliminating complex, expensive links between computer systems that were never meant to talk to each other.
Advantages
In the absence of an ERP system, a large manufacturer may find itself with many software applications that neither talk to each other nor interface effectively. Tasks that need to interface with one another may involve:
?Integration among different functional areas to ensure proper communication, productivity and efficiency
?Design engineering (how to best make the product)
?Order tracking, from acceptance through fulfillment
?The revenue cycle, from invoice through cash receipt
?Managing inter-dependencies of complex processes bill of materials
?Tracking the three-way match between purchase orders (what was ordered), inventory receipts (what arrived), and costing (what the vendor invoiced)
?The accounting for all of these tasks: tracking the revenue, cost and profit at a granular level.
?ERP Systems centralize the data in one place. This eliminates the problem of synchronizing changes and can reduce the risk of loss of sensitive data by consolidating multiple permissions and security models into a single structure.
Some security features are included within an ERP system to protect against both outsider crime, such as industrial espionage, and insider crime, such as embezzlement. A data-tampering scenario, for example, might involve a disgruntled employee intentionally modifying prices to below-the-breakeven point in order to attempt to interfere with the company's profit or other sabotage. ERP systems typically provide functionality for implementing internal controls to prevent actions of this kind
ERP Software Product
Vserve Technologies has a range of software product meant to automate business functions of different industries which includes
?Vmanage (Web based ERP) - simplifies back-office process automation for mid-sized and growing business. It provides real-time information about finance, order management, purchase, inventory, employee management, e-commerce and much more. With Web Based ERP Solution, you can accelerate business cycles, improve productivity and reliability, and provide higher levels of service to customers, suppliers and partners. Enterprise solutions include inventory control, warehouse management system, manufacturing software, invoice tracking, software, sales module, production planning, inventory software solution, inventory management and analysis, logistics software, customer relationship management, HR, supply chain management, purchase management, accounting module etc.
?Vsell (CRM/Sales Management) - Our technology aids in the development of a more sophisticated sales environment by allowing access to data in real-time, consolidating data from multiple sources, processing large data volumes exceeding Excel's limits, running extraction processes, handling complex data rotations, and creating and distributing reports electronically for further analysis. Sales reporting provide Sales and Marketing departments with reports detailing sales and marketing activities by product, customer, time period, market segment, purchase analyses and more. When a software solution provides both sales forecasting and sales reporting features, it becomes a must-have tool for sales and marketing managers. software provides one of the most innovative and cost-effective productivity tools on the market today. With the use of sales management software, your company will gain visibility into the sales process, instantly create an information pipeline to receive data and respond accordingly, review employees? tasks and priorities in real time and reply with instant feedback. Sales management software is designed to maximize the potential of your sales team. The product will boost employee performance, a targeted tool resulting in increased company revenues.
Management CRM software is a necessary tool for your company if you intend to increase revenues and decrease costs. It provides you with comprehensive forecasts that allow you to monitor your business and act decisively.
?Vrealty (Real Estate Software) -The suite of modules is tightly integrated providing one-step data entry that results in immediate cost, revenue, and productivity information for projects. Integration with estimating data saves valuable time by creating new jobs, contracts, subcontracts and purchase orders -no more duplicate or manual entry.
?Vinsure (Insurance Broker Software) - Insurance Broker Software takes care of all the existing clients, prospective clients, every policy that is sold, sum insured, premium, brokerage & renewals.It is fully integrated Software, designed in a very user-friendly manner and is considerably more efficient and cost effective for insurance brokers
?Media/AD agencies Software -Media buying tools are fully integrated; there is no transferring information into/out of modules or to/from other programs, and there is no rekeying of information. You can go from research, to plan, to order, to results, to reconciliation with just a few clicks. All the information you need is always at your fingertips
?Vrecruit (Recruitment Software) - plays an indispensable part in reducing a staffing agency's administrative burden. An enterprise's HR department can be freed of it's day-to-day mundane activities and can allot more time to concentrate on their prime focus of business and goals.
Enterprise Resource Planning Implementation
Enterprise Resource Planning (ERP) is an integrated suite of information technology applications that support the operations of an enterprise. It provides organisation with transaction processing models that are integrated with other activities of the organisation and coordinate complicated, multifaceted operations.
The main value ERP systems provide is the opportunity to integrate an entire organisation. ERP systems promise to solve the problem of fragmented information in organisations by providing seamless integration of all the information flowing through the organisation across the different functional and business units across the world. End to end business processes that were traditionally disjointed, now share information through a common database.
ERP systems work in real-time, meaning that the exact status of everything is always available. When data such as a sale becomes available at one point in the business, it courses its way through the software, which automatically calculates the effects of the transaction on other areas, such as manufacturing, inventory, procurement, invoicing, and booking the actual sale to the financial ledger. The information flow is much more efficient as there are clear lines of business processes across the enterprise.
The basic modules and their brief features of ERP systems are as follows:
Finance - This module tracks financial information such as revenue and cost data through various areas within the company.
Logistics - This module is often broken into several sub-modules that cover different logistics functions: Transportation, Stock Management, and Warehouse management.
Manufacturing - This module tracks the flow of products through the manufacturing process, coordinating what is done to what part at what time.
Order Fulfilment - This module monitors the entire order fulfilment cycle, keeping track of the progress the company has made in satisfying demand.
Human Resources - This module handles all sorts of human resources tasks, such as scheduling workers.
Supplier Management - This module monitors supplier performance and tracks the delivery of suppliers? products.
Besides the above-mentioned standard features, ERP vendors are offering several ?bolt-on? products that provide specialised functionality to augment the core, such as Customer Relationship Management (CRM).
CRM is a strategy used to learn more about customers' needs and behaviours in order to develop stronger relationships with them. These relationships are critical to business and mission success. The more useful way to think about CRM: Processes that will help bring together pieces of information about customers, sales, marketing effectiveness, responsiveness, and market trends.
The logic behind the idea of CRM is that it helps businesses use technology and human resources to gain insight into the behaviour of customers and the value of those customers. Organisations effectively implementing CRM will be able to: provide better customer service, make call centres more efficient, simplify marketing and sales processes, and discover new customers.
Do you need ERP? The answer is yes if you want to stay at the leading edge and competitive in this fast-moving and dynamic environment. ERP is able to contribute to your organisation's general pursuit of internal visibility, flexibility, excellence in quality, and the capacity for inter-organisational extension.
Both Erp Solutions India & Lavena Ang are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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