Why ERP Software is Important to Your Company

ERP or Enterprise Resource Planning Software is a business management software typically a suite of integrated applications that an organization can use to collect, store, manage and interpret data from stages of business activities such as.

• Product Planning
• Cost
• Customer Relationship Management (CRM)
• Manufacturing or Service
• Sales and Marketing
• Inventory Management
• Shipping or Delivery
• Finance Management
• Backtracking
• Reports and Analytics

ERP offers an incorporated view of core business processes, frequently in real-time, using common databases maintained by a database management system. ERP systems track business resources Cash, Raw Materials, Production Capacity and the status of business commitments; Orders, Purchase Orders, and Payroll. The applications that structure the system share data across various departments (Manufacturing, Purchasing, Sales, Accounting, etc.) that provide the info. ERP allows information flow between all business functions and manages connections to outside stakeholders.

ERP Software uses in various Industries

Trading & Distribution:

ERP Software is very useful to maintain the inventory/stock details and delivery details with backtracking. You can easily track the details from stock entry to delivery using unique barcode id generated by ERP software.

Construction:

A manufacturing ERP for construction would effectively manage your equipment, raw materials and labor in a coordinated effort to specifically target the common issues faced in the industry.

Pharmaceuticals:

One of the biggest focuses of manufacturing ERP software in pharmaceuticals involves quality control and support of quality standards. Companies in this industry have to work with government regulations and make sure that pharmaceutical products are specially created in precise formulations with many environmental controls in place.

Food Industries:

ERP software for food industries can offer traceability features, management, and better visibility for what’s happening as products reach consumer endpoints. Many solutions may even help your business target customer demand and develop new products and campaigns to successfully fulfill that need.

Healthcare:

An ERP can easily help manage the various items used daily in healthcare as well as the sourcing and procurement of these items. A healthcare ERP would also be able to keep track of information surrounding human resources, such as payroll.

Hospitality:

Managing a hotel or other similar establishment involves an incredible amount of moving parts. You have to keep track of which rooms are occupied and which aren’t, scheduled and canceled appointments, cleaning schedules, staff and more.

How Right1ERP suits for SME Industries?

Small and medium enterprises (SMEs) are the growing industries in both economic and also in employment growth. But the SMEs are facing many challenges for the business development, in this type of competitive market situations, the organizations should seek long term success by achieving challenges in the business.

The practical adoption of managing with suitable ERP solutions – implementations among SMEs, will contribute to the operational excellence in their business. Enterprise Resource Planning (ERP) software used to plan and manage all the core supply chain, manufacturing, services, financial and other processes of an organization.