Enterprise Resource Planning (ERP) software is a software platform that combines several business-critical software types in a single interface. Enterprise Resource Planning systems is a software that is used in operations like planning, administration and to optimize internal business processes, comprising of manufacturing, supply chain, financials, customer relationship management, human resources as well as warehouse management.
A typical ERP software solution integrates the data and processes of an organization into a single unified system. We do ERP sales managing system at the most affordable cost comparing to all the other ERP software development.
ERP software allows teams to consolidate their tools into one unified system. Instead of paying for separate subscriptions for supply chain management, core HR, CRM, shipping, and inventory software, teams pay for a single platform that handles each of these tasks in a centralized system. Depending on the company’s size and complexity, reducing the number of software system subscriptions can significantly cut monthly overhead.
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ERP software varies widely between systems, industry focuses, and offered features, however, most systems will offer several of these modules:
The inventory management module is an integral part and a critical component of all ERP systems. This cloud-hosted module forms the backbone to manage all businesses that have warehousing and storage functions, assisting them in optimizing space and reducing operational costs. Apart from helping in tracking all stock and providing updates related to stock balance, the inventory module in ERP also automates processes and monitors all transactions.
The inventory management module is also equipped with smart notifications to alert you about crucial information, helping you to take decisions without delays.
Manage MULTI-LOCATION warehouses through a unified database that prevents the formation of data silos and avoids duplication.
AUTOMATED PROCESSES for stock allocation and transfer make it easy for you to reconcile stock and keep an eye on all movements, inside and outside the warehouse.
By enabling you to automate reordering, the inventory module would ensure you dont run out of fast-moving stock and prevent you from overstocking slow-moving items. You could define the reorder levels for specific products or a group of products. The stock check feature would monitor orders in process and customer reservations to maintain the right balance in reorders.
The most common inventory control and management modules include the following:
These modules are useful for selling goods online.
These modules automate financial and accounting activities like accounts payable and receivable, procurement and third-party payments, and they categorize revenue.
These admin-like modules provide fast, simple tools for managing inventory system data like connecting users via passwords, updating inventory records and exporting data.
Warehouse modules provide must-have inventory management functions like appointment scheduling, order receiving, returns handling, labeling and third-party carrier management.
These modules help manage purchase orders, parts requirements and order consolidation.
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