Implementing and building ERP systems (Enterprise Resource Planning) to support the productivity and profitability of your business.

ERP (Enterprise Resource Planning) is an organizational strategy for integrating production, human resource management, financial management and asset management, aimed at constantly balancing and optimizing enterprise resources through a dedicated integrated software package and processes across all business areas.

The introduction of an ERP system is considered a prerequisite for any company, and since the end of the 1990s, ERP systems were originally only used by industrial enterprises regardless of state, property, and industry.

Applicability across industries necessitates ERP systems, on the one hand, the requirements of universality, on the other - the support for expandability according to the specifics of the industry. The major large systems include ready-made specialized modules and extensions for various industries (specialized solutions are known in ERP systems for machine building and manufacturing industry, mining, retail, distribution, banks, financial organizations and insurance companies, telecommunications, energy, public administration, education, medicine and other sectors).

ERP Modules:

There are a lot of different modules all the most important are:

-Finance

The financial modules, mainly the general ledger, are considered by many practitioners as the central components of the ERP system, and the formation of financial statements via the ERP system is considered to be one of the most positive conditions for positive results. Among the ERP financial modules there are many different functional blocks, different structures are differentiated in different systems and different versions, among the most common (by organizational units):

    accountancy: general ledger, receivables (debtors), accounts payable (creditors);
    accounting management control: accounting for costs and income by place of origin, by product, by project, cost;
    cash flows: cash flow management (including bank accounts and cash), interaction with banks, debt management;
    finance: fixed asset management, investment management, financial control and risk management.


-Personnel

Among the ERP 2000 staff management modules: staff records, time tracking, job order management, business trips, labor productivity calculations, wage management, bonuses, evaluation of staff, management of qualifications (professional skills, training), recruitment.

-Operations

Business Unit Modules encompass the organization's activities to create products and services and the necessary functions to support these processes. If the human and financial modules are sufficiently universal for different organizations, then many operational modules are more specific to the different sectors, as the approaches to reshaping resources across sectors are significantly different. In most systems, the following groups of operating modules are created:

    Logistics: delivery, supplier relationship management, supply and transport chain management, inventory management, warehouse management, inventory management;
    Production: material management, production planning, product registration, production program management;
    Sales: Pricing, Order Processing and Configuration, Sales, Distribution, Service.

The individual features of the operating unit are often placed in specialized software products and appear as specialized application classes for applications such as EAM for maintenance and repair, CRM for sales and distribution, PLM for specification management, APS and MES for production management.

We at Nort-West Coreds can offer you this as a special rabbit for your business.

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