Best ERP software in India or Enterprise Resource Planning software solution is the digital or business performance software that helps many industries in managing and maintaining proper supply chain and make workflow smoother. ERP software replaces the traditional way of working and transforms the operations and activities into a series of simultaneous operations that executes in given time frame or timeline. Enterprise Resource Planning software is used in small as well as large scale industries to help them monitor and control all the operations. There are various features of ERP software that helps the software including business intelligence, Internet of Things, machine learning, and industrial automation.
ERP software heavily relies on its components. Components of ERP software are the modules that help the software in functioning. There are various modules in ERP software that connects every division and department in the industry into an interconnected network to facilitate seamless exchange of information and data. This information and data is stored on centralized server that gives access to information and data to everyone without having to worry about geographical boundaries. Exchanging files and records becomes easy with ERP software and also modules provide various insights and reports by analyzing the data to enable better decision making.
Features in ERP software
There are various features in ERP software. Business Intelligence in one of the most useful feature of ERP software. Business Intelligence helps the ERP software in analyzing the data and information with the help of various tools like data visualization, data mapping, and data analytics to gain various insights of the industry. These insights help the industry to take better decision. Automation is also one of the important features of ERP software. Automation completely automates most of the processes and operations, hence eliminating the delay and improving efficiency.
Internet of Things is one of the handy features in ERP software. Internet of Things provides and monitors real time information from all the machines and sensors that are installed in the industry. The real time information and data is constantly monitored by the software, and if any sensor or machine or equipment reports malfunctioning, then the ERP software will alert the responsible human force to check and fix the malfunctioning before any disaster happens. This enables the industry to improve the working procedure and keep an eye on all the activities and operations in the industry. These features make the ERP software the best ERP software solution on digital platform.
Modules in ERP software
There are various modules in ERP software. Some of the modules are listed below for better understanding of working of ERP software.
Finance and Accounts
Finance and accounts modules help the industry in keeping the record of all the financial transactions. Finance and accounts module also helps in managing and maintaining operations associated with accounts like ledger, accounts payable, accounts receivable, and cash flow in the industry.
Inventory Management
Inventory management module helps the industry in keeping an eye on all the raw material and also manages production. Inventory management module alerts the industry if there is shortage of raw material and procurement of raw material is required. Inventory management also allots unique serial numbers to products for easy identification and tracking.
Quality Management
Quality management module in Enterprise Resource Planning software is a simple module that helps the industry in maintaining the quality of the manufactured products in accordance to the standards and guidelines set by the industry. Quality management module also rejects the tampered products to maintain good quality.
Logistics and movement
Logistics and movement module in ERP software helps the software in complete shipment of the manufactured products. Every manufacturing industry needs a ERP software that helps its in selling and moving the manufactured goods, hence logistics and movement in important module in ERP software.
Conclusion
The best ERP software is the ERP software that helps the industry in improving the efficiency of the industry at cost effective price. This is the reason ERP software is better solution.