ERP Finance Module for any growing business enterprises it is important to have a reliable and user-friendly ERP system with a genuine MRP module. eresource ERP’s Material Requirements Planning can organize, schedule and reschedule materials as far into the future as required. eresource ERP’s MRP gives you an instant picture of projected inventory investment levels, as well as projected new purchases in accordance with your plan. Projections can be made on any MRP cycle. This provides an added dimension of visibility for directing the planning focus on the most significant areas of your investment. This also helps you to validate a plan financially and make swift adjustments before committing your cash. Also Read – Why do pharmaceutical companies need an ERP system Some of the most important components of MRP modules are described here under: Purchase Management Purchase Management is a very important component of the materials management module. This module is fully integrated with other modules in the system. It supports all phases of materials management, materials planning and control, purchasing goods receiving, inventory management and invoice verification. Good communication between all participants in the procurement process is necessary for purchase management to function smoothly. Purchase management communicates with other modules in the system to ensure a constant flow of information. It works side by side with Finance and Sales & Distribution management modules. Inventory Management Inventory Management system allow you to manage your stocks on a quantity and value basis and plan, enter, and check any goods movements and carry out physical inventory. In the inventory management system the physical stock reflect all transactions resulting in a change in stock and thus, in updated inventory levels. The user can easily obtain an overview of the current stocks of any given material. For each material, not only are the stocks in the warehouse shown, but also the stocks ordered but not yet delivered, reserved for production or for a customer, and the stocks in quality inspection can be monitored. If a further sub-division by lots is required for a material, one batch per lot is possible. The batches are then managed individually in the stock. Special stocks from the vendor or from the customer are managed separately from your company’s own stock. The aim of the eresource ERP’s Material Requirements Planning (MRP) document is to supply information that will enable the company to have enough inventory on hand to fulfill demand. eresource ERP’s MRP module can provide the basic needs of keeping inventory levels low and fulfilling customer expectations for on time delivery. Also Read – ERP for Furniture Industry
ERP for Midsize Companies Sales and Distribution Module in this age of mergers and acquisitions, many organizations which were once small companies, and now, as midmarket organizations, need to consolidate various software systems and standardize business processes. Currently, most of the ERP action is happening in the midmarket. More and more midsize companies – which are rather broadly defined as organizations are looking to replace outdated ERP systems or jump into the technology for the first time. Most companies in this space are coping with increasingly complex operating environments, aging technology – including outmoded ERP systems – proliferating business-management software and, of course, the need to grow revenue. Midsize companies also face challenges specific to their industries. Businesses that make consumer product goods are concerned about regulations and reporting requirements, while public-sector organizations are worried about maintaining customer loyalty. Also, manufacturers are concerned about the commoditization of their products. A robust ERP package can help address these issues, as well. As per a survey conducted last year, which surveyed more than 500 organizations from a variety of industries, it was found that very few midsize companies – just 6 percent – don’t already have an ERP’s MRP (Material Requirements Planning, the precursor to ERP) implementation. For those businesses, the reasons to take a leap into ERP, which is largely considered necessary infrastructure for midsize companies, are many and compelling. It was found that many ERP implementations in the midmarket are quite mature and ripe for replacement. Most of today’s midmarket organizations had ERP systems older than 10 years old. ERP technology has evolved significantly in the years since these systems were deployed, so many of these organizations have developed their own applications to make up for inadequacies. Many midmarket companies must now also choose an ERP system on which to standardize after multiple systems were installed, perhaps through mergers, across the enterprise. It has been noticed that many midsize companies had two or more ERP packages, and some have implemented three or more ERP systems. Although it’s not necessary, midsize companies seem to prefer consolidating their business-management applications in one ERP package, at least in part to cut down on integration headaches. With the advent of Eresource ERP for midsize Companies in India were able to find a suitable ERP solution to match their needs. eresource ERP’s major strength lies in the manufacturing modules that provide multiple benefits for small and midsize organizations. eresource ERP helps the organizations control their day-to-day business. Needless to say, once implemented, eresource ERP will be the heart of your business, wheels of your distribution channel and the brain of your planning activities. Other added feature about eresource ERP system is its on-time guaranteed implementation programme. eresource offers a full refund for any implementation fees where the agreed-upon ERP go live date is delayed, provided the customer meets all defined milestone deliverables on time. Also Read – ERP Software Company in India
ERP Finance Module for any growing business enterprises it is important to have a reliable and user-friendly ERP system with a genuine MRP module. eresource ERP’s Material Requirements Planning can organize, schedule and reschedule materials as far into the future as required. eresource ERP’s MRP gives you an instant picture of projected inventory investment levels, as well as projected new purchases in accordance with your plan. Projections can be made on any MRP cycle. This provides an added dimension of visibility for directing the planning focus on the most significant areas of your investment. This also helps you to validate a plan financially and make swift adjustments before committing your cash. Also Read – Why do pharmaceutical companies need an ERP system Some of the most important components of MRP modules are described here under: Purchase Management Purchase Management is a very important component of the materials management module. This module is fully integrated with other modules in the system. It supports all phases of materials management, materials planning and control, purchasing goods receiving, inventory management and invoice verification. Good communication between all participants in the procurement process is necessary for purchase management to function smoothly. Purchase management communicates with other modules in the system to ensure a constant flow of information. It works side by side with Finance and Sales & Distribution management modules. Inventory Management Inventory Management system allow you to manage your stocks on a quantity and value basis and plan, enter, and check any goods movements and carry out physical inventory. In the inventory management system the physical stock reflect all transactions resulting in a change in stock and thus, in updated inventory levels. The user can easily obtain an overview of the current stocks of any given material. For each material, not only are the stocks in the warehouse shown, but also the stocks ordered but not yet delivered, reserved for production or for a customer, and the stocks in quality inspection can be monitored. If a further sub-division by lots is required for a material, one batch per lot is possible. The batches are then managed individually in the stock. Special stocks from the vendor or from the customer are managed separately from your company’s own stock. The aim of the eresource ERP’s Material Requirements Planning (MRP) document is to supply information that will enable the company to have enough inventory on hand to fulfill demand. eresource ERP’s MRP module can provide the basic needs of keeping inventory levels low and fulfilling customer expectations for on time delivery. Also Read – ERP for Furniture Industry