What is an ERP Production Module? Features & Benefits of ERP System Explained

1. Procurement Module

The procurement module or the purchasing module is used by organisations to acquire essential raw materials, goods, and products required for manufacturing processes.

2. Inventory Management Module

The inventory management module provides manufacturers with advanced features to track inventory levels. This includes demand forecasting and tracking present quantities of items in real time.

3. Warehouse Management Module

ERP modules allow manufacturers to manage warehouse processes with ease. This includes processes such as picking up finished goods and delivering the finished products to customers. Overall, this helps to improve customer satisfaction.

4. Supply Chain Management Module

Manufacturing businesses often struggle to keep track of production processes in every stage. The supply chain management module helps you to gain visibility over the movements of goods and supplies in the supply chain.

5. Sales Order Management Module

After customers place orders, these orders become sales orders to manufacturers. A sales order management module tracks such orders starting from the receipt till the product is delivered. These modules prevent manufacturers from losing the order and help them keep track of the process.

6. Customer Relationship Management Module

The customer relationship management (CRM) module stores all important information of customers. This includes the purchase history, date and time of calls or messages, and other forms of communication. For example, if your company sends newsletters to customers, then the date and time of the email and the names of the recipients will be stored within the CRM module.

7. Human Resources Module

The Human Resources management module is designed to help manufacturers manage their workforce. It records the details of all employees, such as offer letters and performance reviews.

8. Finance Module

The finance module of ERP allows you to plan, execute, and analyse various integral parts of your finances. The features of this module include automation of tasks related to cash management, billing, vendor management, and account reconciliation.

9. Business Intelligence Module

The Business Intelligence (BI) module of the ERP system helps to track every transaction in all modules. This module also helps manufacturers assess data to make smarter and better decisions through its advanced analysis and presentation.

10. E-commerce Module

The ERP e-commerce module helps manufacturers sell online with more ease. Every management tool for processes in an e-commerce business is available, such as inventory, payment, and order information.

Improved Efficiency

Manufacturing companies often struggle to find a system that offers them customisation features to adapt to their workflow. ERP production modules not only help you with production management but also completely adapt to the workflow of your business. Moreover, features such as automation allow you to enhance your overall productivity.

Cost Reduction

Identifying areas for cost reduction can prove to be quite difficult when the data of all business operations are not centralised within a single platform. Production planning in ERP modules eliminates such hurdles and allows your business to find crucial areas to optimise the financial management of your business.

Better Decision-Making

Having an overview of all business operations in real time is vital for decision-making. Quick and timely decision-making can only happen when you have advanced reporting tools at your disposal. ERP software for production planning helps you to gain actionable insights into key performance indicators (KPIs), allowing you to make the right and informed decisions for production schedules.

Enhanced Collaboration

ERP software solutions enhance collaboration between departments such as HR, finance, and sales. By having a centralised database, employees can access important information from other departments immediately. This also helps to improve communication, reduce potential errors, and help everyone stay aligned with the production schedule.

Increased Customer Satisfaction

With improvements in production planning and control, you can ensure that the demands of your customers are duly met without any delays. This allows your business to deliver quality products faster, and build a strong brand reputation and strong customer relationships.