Examples of ERP
The richest company on earth and No 1 E-commerce company Amazon successfully implemented ERP Software to manage and analyze inventory and financial details. Amazon implemented SAP (Systems Analysis and Program Development) ERP System. Some other companies like Oracle, Microsoft, and many more… also provide ERP Software to track inventory management, financial and accounting details.
Why ERP Is Important
ERP Software has become an ideal choice for those businesses looking to utilize their resources widely. ERP systems can help leaders to reallocate human and financial assets or build more productive processes which save your money without sacrificing quality and performance.
Why Businesses use ERP?
ERP System is often used by businesses that work with the supply chain to keep track of all of the moving parts of manufacturing and distribution. ERP centralize business components include HRM, customer management, business intelligence, procurement, financial management, order management, warehouse management, inventory & supply chain capabilities into one system.
Types of ERP Systems
1. Cloud ERP 2. On-Premise ERP 3. Hybrid ERP --- There are three major kinds of ERP systems that operate with different deployment models. The most popular ERP systems comprise the Cloud ERP system, on-premise ERP, or hybrid ERP.
What is CLoud ERP
Cloud ERP is software that provides organizations with the ability to manage their entire business in one system. This includes not only core business processes such as purchasing, inventory, and payroll, but also support functions such as security and HR. The software is accessed through the internet, allowing companies to scale their operations as needed and providing them with the ability to report from anywhere in the world. Cloud ERP is a significant shift from traditional on-premise ERP systems, where software is installed on a single server in a single location.
Key Modules of ERP
1. Finance modules 2. Procurement modules 3. Manufacturing modules 4. Inventory Management modules 5. Order Management modules 6. Warehouse Management module 7. Supply Chain Management 8. CRM modules 9. HRM modules and many more...