Introduction to Basic ERP Processes By:- PRATIK L. MUNOT

ERP for Business Process Take control of your organization’s most cost-intensive corporate functions, such as enterprise asset management, project and portfolio management, and travel management, with integrated ERP corporate services processes supported by ERP software. Improve asset utilization by taking a unified approach to quality management Promote the use of shared data to streamline cross-border trade and gain a competitive advantage Manage various portfolio items – from strategic portfolio management to project planning Simplify processes for pre-trip approval, online booking, and expense reporting Manage physical assets, from production plants to vehicle fleets, throughout the asset lifecycle Tailor the cross functions of your operations to achieve full transparency and control

Processes Financial Human Capital Management Material Management Procurement Sales Order Management Transportation Management Warehouse Management

Financial Ensure compliance and predictability of business performance – so your organization can gain a deeper financial insight across the enterprise and tighten control of finances. ERP Financials automates financial and management accounting and financial supply chain management. The solution also provides rigorous support for corporate-governance.

Human Capital Management Optimize your HR processes with a complete, integrated, and global human capital management (HCM) solution. ERP provides this HCM solution for organizations of all sizes and in all industries. You can maximize the potential of your workforce, while supporting innovation, growth, and flexibility. The ERP HCM solution automates talent management, core HR processes, and workforce deployment – enabling increased efficiency and better compliance with changing global and local regulations

Material Management Help manufacturers keep track of the parts that make up a specific product and to be advised ahead of time when parts need to be re-ordered. A Materials Management  process deals with inventory from beginning to end, providing inventory visibility throughout the processes of inbound, receiving, order processing, storage, shipping, and billing. Its key functionality is: to provide inbound, in-terminal, and outbound visibility to inventory at the SKU level; to give headquarters a terminal view of product on hand or in-transit. 

Procurement Procurement is the overarching function that describes the activities and processes to acquire goods and services. Importantly, and distinct from “purchasing”, procurement involves the activities involved in establishing fundamental requirements, sourcing activities such as market research and vendor evaluation and negotiation of contracts. Increase visibility into purchase orders, contract management, and invoice handling Reduce costs by lowering inventory levels and consolidating shipments Maintain high levels of supplier and customer satisfaction Optimize basic business processes – from requisitioning to invoicing for simple procurement Improve processes for inbound, outbound, warehouse, and transportation management

Sales Order Management Your sales organization can manage the complete sales-order management cycle and handle post-sales activities with sales management and service functionality. ERP solutions address customer-focused processes, including sales, service, and aftermarket processing of warranty claims, service orders, and returns. Improve service delivery by tracking time spent on services and analyzing profitability Drive sales by facilitating customer engagement across all sales channels Accelerate logistics, manufacturing, service, and workforce processes Turn the Internet into a profitable sales and interaction channel

Transport & Warehousing The Transportation Management process can help you consolidate orders and optimize shipments. By sharing information and combine orders directly with carriers over the Internet. Optimize warehouse activities, including inbound and outbound processing, facility management and storage, physical inventory, and planned and opportunistic cross docking. Take advantage of data collection technologies such as radio frequency identification (RFID) and voice and new workload balancing tools