Get to know the 8 ERP Modules that are Commonly Applied in Business Systems
ERP provides various benefits for companies by automating business processes and providing data to each department automatically, making decision making easier. Every company or industry has different needs, and therefore, they need an ERP module that suits their needs.
In this article, we will provide further explanation about ERP modules commonly used by companies and industries.
What is an ERP module
In general, a module is a component that is an integral part of a system and functions to support the system. In the context of ERP, ERP modules are components designed to carry out specific business functions by providing data and simplifying business processes.
ERP modules have an important role in helping companies share information between departments, which in turn facilitates decision making and reduces expenses.
ERP modules are interconnected parts of the ERP system, so that when a business wants to add additional modules, the data from those modules will be automatically integrated with the existing modules. To illustrate, an ERP system can be thought of as a toolbox, while ERP modules such as screwdrivers, hammers, pliers and other tools in the box have different but complementary functions.
8 ERP Modules Often Used in Indonesia
Companies have the flexibility to choose ERP modules that suit their needs, allowing ERP systems to be used by various types and sizes of companies. Although each company may have different modules, there are several ERP modules that are commonly used. The following are 8 frequently used ERP modules:
1. Finance Module (Accounting)
Financial management is important for every company to manage cash flow, payments, accounts receivable, and others. The financial module helps you get real-time financial reports and automate journal input when transactions occur. This module also allows creating budgets in various graphical forms to analyze actual expenditure.
2. Inventory Module (Inventory)
The inventory ERP module makes it easy to monitor product quantities and locations down to individual SKUs. This module can also be integrated with other modules, such as the purchasing module, thus providing an overview of upcoming inventory. Product movements can be monitored using barcodes, so that the purchasing process can be carried out automatically when supplies run low.
3.Customer Relationship Management (CRM) Module
The CRM module is used by companies to manage sales prospects and customers by tracking communications and providing recommendations regarding needed products. This module records customer data that can be analyzed to understand customer purchasing patterns. Apart from that, CRM also provides customizable reports on the main dashboard so that the performance of each department can be monitored.
4.Purchasing Module
The process of purchasing goods from suppliers is an important activity for the company. The purchasing module helps control expenditure in purchasing goods so that it remains in line with consumer demand. This module can also create quotations and purchase orders automatically, according to terms and conditions and agreements with vendors.
5.Sales Module (Sales)
The sales module helps companies determine effective solutions in sales, including sales cycle monitoring, customer data management, invoicing, and others. The sales module also allows creating different price lists, discounts, promotions and coupons for each product. You can also monitor transactions and gain insights for future sales strategies.
6.Omnichannel
Manajemen bisnis melalui berbagai saluran dapat dilakukan dengan efektif menggunakan modul Omnichannel. Modul Omnichannel ERP can be integrated with payment methods, shipping and other online platforms, so you can reach more customers. This module also helps you create a mobile-friendly online store and provides automatic recommendations to customers.
7.Manufacturing Module (Manufacturing)
The manufacturing module is designed to help manufacturers run production processes efficiently. This module allows automatic monitoring of work status and provides reports that are useful for predicting the next production process. The performance of each process can be monitored in real-time via a dashboard that can be customized according to company needs.
8.Point of Sale (PoS) Module
The PoS module is here to reduce unnecessary installations, thereby increasing company productivity and revenue. Transactions on each channel can be monitored automatically and in real-time because all data will be synchronized automatically. This module also allows accurate sales predictions based on data obtained, both from products and customers.
Recommended ERP Modules for Various Industries
The recommended ERP modules for investment will vary depending on the company's operational needs. Every industry has common modules that are important to increase work efficiency and reduce errors. The following are recommended ERP modules for various industries:
1. Manufacturing
The manufacturing industry involves the process of converting raw materials into finished products and has various operational activities to meet customer needs. Manufacturing solutions exist to automate business processes such as sales, inventory, production, accounting, and others. According to CAC research, the cost of acquiring a new customer has increased by 60% over the last 10 years.
Therefore, it is important for manufacturing companies to automate business processes to reduce operational costs. This solution offers features such as accounting, manufacturing, warehouse, procurement, ordering, omnichannel, and point of sale (PoS).
2. Wholesale
The wholesale or wholesale distribution industry is a business that purchases products from manufacturers and resells them to customers, such as retail businesses. Wholesale companies operate in a two-tier or three-tier channel to run their business, involving many parties.
Wholesale distribution solutions exist to automate business processes, especially in terms of purchasing, inventory, omnichannel, and others. This automation will reduce errors in each process so that the product can reach the customer's hands with good quality.
3.Retail
Retail business involves transactions selling goods or services to consumers and supplying products from manufacturers or wholesalers. Retail companies often face challenges in recording cash inflows and outflows, so they need an ERP module to integrate data thoroughly. Retail solutions will help increase customer loyalty by providing appropriate loyalty programs.
4.F&B
With technological developments, the food and beverage (F&B) business has become one of the most popular industries and has become the largest contributor to Indonesia's GDP. Business processes in the F&B industry play an important role in providing the best quality to customers. Therefore, it is important for F&B entrepreneurs to ensure that every business process runs smoothly and monitor each stage.
F&B solutions in ERP modules can simplify complex business processes, including PoS, supply chain, inventory and more. Apart from that, the F&B ERP module can also increase customer reach.
Conclusion
ERP has contributed to increasing company profits over the last few years. Every type of company or industry can take advantage of an ERP system because currently there are various types of ERP modules available to choose from. There are also modules that are commonly used to support company operational activities so that they run optimally.
For example, a wholesale company needs an ERP system to simplify complex business processes. Impact's solution for wholesale distribution comes with various features including omnichannel, inventory, accounting, procurement, PoS, and others.
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