ERP Components - ERP PDF

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CORE ERP COMPONENTS: the three most common erp components foucsing on internal operaions are: 1. accouting and finance 2. production and materials management 3. human resources

ACCOUNTING AND FINANCE ERP COMPONENTS: accouting and fiance erp compeonts manage accouting dat and fiancil process within the enirpeis with fucitons such as general ledger, accoutns payable, accounts receivable, budgeting and asset mangement

one of the most useful featres of an erp acouting/ fiance comet is credit manamgnet,

most organiizatons magnet their relaitonsh with cusomers by setting credit limtis or limts on how muc hacusomer can own at any one time

erp fiancial systems relatie cusoemrs’ rodres with their acount baclens to dtemrie credti availbeity.

tehy also performaltypes of advnaeced proirviltiy mdoeling techniques.

PRODUCTION AND MATERIALS MANAGMENT ERP COMPONENTS: Production and material magnemtn ERP components handle prodcuiton planning and execution task such as demanding forecasting, prodcito nschedling, job cost accouting and quality ontrol demand forecasting helps determien prodtio schedusl and materials purchaisng.

a compnay tah mkes its own rpidcuts prepares adtialed prodctio nschedule and a company that buys prodcuts for reslae dveleops a materials requiremetn plan.

HUMAN RESOURCES ERP COMPONENTS:

human resource erp components track employee information, inclduign payroll, compensation and performance assessment and ensrue compliace with all laws.

The ven allwl othe organiion to eofirm dtailed meplyoee analysis such as identifying who is likely to laeve the ocmpany unless additional compensation or benefits are provided and whether the most talented peopel are working the areas where they acn haev hte graetes timpact

Human resource componetns can also identfiy which emplotees are usign which resources, such as onlien triang and long distance telephone services.

EXTENDED ERP COMPONENTS: extended erp components meet the organizational needs not covered by the core competns and priamy foucses on eetenral operatiosn.

Many are ninternet enables and reuierd interaciotn with cusotmes, suplplisr ad bseisn partnes outside the organizaton.

the four most common extended erp compoents are : 1. 2. 3. 4.

business intelligence customer relationship management supply chain managment ebusiness

busienss inteligen erp components: many organizations have foudn that erp tools can prodie evne greater value wit hte dadtion of pwoerful business inteligence systems. The business intelligence compoents of ERP systmes typiclaly colect inforiton used thorughout the organization ( incuding dat used in many other erp comepts) , organie it and apply anaylticl tols to assist managers wti hdecsions. Data wareouse are one of the most popular extensions to ERP systmes,...