what is erp and how does it work
ERP is a revolutionary software that has changed the way businesses used to operate. ERP has taken over most of the tasks that used to be done manually. As a result, businesses work much more efficiently than ever before. Here are some very important sections of the business that are part of the operation of the ERP system.
Customer Management
Customer is the reason that a business flourish. A customer has to be satisfied with the performance of the business. ERP system makes sure to keep a business directly in touch with the customers. Complaints and demands are received through the system and then they get catered to in the other departments of the business.
ERP also develops a system to keep a check on buying interests of the customers. This is a very helpful feature to fulfill the needs of the customer.
Human Resources (HR)
Happy employees mean they would work better to help business progress. Here HR plays a huge role. Through ERP, businesses have managed to keep the employees’ records very sorted. The payroll is directly handled by ERP. This is much more efficient than manual handling. It means that employees get their salaries on time. It also helps employees make the attendance digitally and not fill up any huge sheets.
Supply Chain
The ERP system is responsible for keeping the supply chain going on. The correct calculation helps businesses restocking on the go. Which means that nothing is ever finished. The outlets remain stocked. If you remember the old days when everything was handled manually, it was very hard to keep up with the supply chain.
Finance Management
ERP plays a huge and very productive role in keeping the finances managed. Automated finance management means that there is a very low chance of mistakes in the calculations. All the finances are dealt with immense care and the record remains clean.
Inventory
For any business keeping a record of the inventory is very important but for online businesses, it is more crucial. ERP has taken this headache too from the business owners and it manages the inventory too.
Data Entry
A minimal task such as data entry would take so many work hours and employees before the introduction of ERP. ERP has taken over this task and everything is done automatically. Since ERP has all the data of different departments, it can easily update all the entries accurately.
