ERP (Enterprise resource planning) has emerged as a crucial part of various organisations. The term
ERP, refers to a company-wide computer software system which can help in the management and coordination of the various resources, information, and business functions from the various shared data stores.
An ERP system is based on a service-oriented architecture. This architecture has various modular hardware and software units also known as "services" designed to communicate with each other on a local area network.
The modular design of the ERP system provides the business flexibility of further addition and reconfiguration. All this can be done while ensuring the preservation of data integrity in a single shared database. This database can be both distributed and centralised.
The ERP solutions
Different companies adapt different ERP modules for their purposes. These modules are known as
ERP solutions. Here is a look at some popular ERP solutions:
Manufacturing solutions: The manufacturing solutions include, engineering solutions, generating bills, scheduling, capacity calculation, management of workflow, quality control, managing the costs, managing the manufacturing flow.
Supply chain management solutions: These solutions include, checking on the cash orders, inventory management, order entry, purchasing, and product configuration. Supply chain planning, supplier scheduling solutions, goods inspection, commission calculation and claim processing are also included in the supply chain management solutions.
Financial solutions: They include general ledger management, management of cash, managing payable and receivable account and fixed assets.
Project management ERP solutions: Included are the management of the costs, bills and expenses. Performance and activity management are other forms of project management solutions.
Human resources ERP solutions: Payroll management, managing the time and attendance are included in these solutions. Roster management solutions are an integral part of the human resources solutions.
