There are many ERP modules in an ERP software. Each module of an ERP software corresponds to a major functional area of an organization. An ERP software is designed to include modules so that it is easy to access a particular option, it is easy to train staff, easy to provide security features.
Such a module based design is more intuitive to use and staff find it easy to understand.
The financial activities of the finance department are recorded using various user interfaces and these interface screens related to the finance department are grouped into a single menu option and these set of options are called the finance module.
The finance module is used to record data in the following instances. Creation of a Customer Account when a new customer is identified as a prospective business. Creating a Vendor Account when a new vendor is identified for a supply of material.
Creating a Bank Account when a new account is opened with a bank.. Creating a General Ledger Account when a new type of a transaction is recorded. Enhancing Chart of Accounts when major changes to be made for preparing the financial statements.
This module is used on a day to day basis to record transactions like Receiving Check or Cash from Customers, Payments to Vendors by raising Checks or through Cash and Journal Entries.
The manufacturing module is used to record data related to the manufacturing department of the organization. Data is recorded in this module when Bill of materials have to be Created, Work Orders have to be created and WIP receipts are to be created for recording completed work orders.
Sales and marketing Module
Sales and marketing module is used to record data related to sales department of the organization. Data recorded in this module are sales order processing includes sales order, picking, orders shipping, sales invoice and sales returns.
ERP Purchasing module streamline procurement of required raw materials. It automates the processes of identifying potential suppliers, negotiating price, awarding purchase order to the supplier, and billing processes. Purchase module is tightly integrated with the inventory control and production planning modules. Purchasing module is often integrated with supply chain management software.
Inventory Management Module
ERP Inventory Management module facilitates recording of data in the inventory department. Activities of the Inventory department such as receipt of goods, delivery of goods, maintenance of material in the stock sections, classifying all the materials, issuing of materials to the manufacturing department, rejections from the suppliers are recorded with full details