Enterprise Resource Planning System Features

Enterprise Resource Planning System (ERP) is a software of company resource management intended for the automation of control and planning all the resources that are used at the enterprise. ERP systems grasp all important processes of the company’s activity. Some of the companies prefer to purchase the ERP software in a package, some - as SAAS, and some companies go with custom ERP software development when they have very particular business needs.

The principle of creating the unified data storage that contains all corporate business information and provides the simultaneous access to this information to any number of employees of the company having the necessary authorities lies at the bottom of this system. Data changing is carried out through the system functions (functional capabilities).

The main functions of the ERP software systems are the following:

• Conducting constructional and technological specifications that define the composition of the produced goods as well as material resources and operations necessary for their production;
• Making sales and production plans;
• Planning the demand in materials and components, planning the delivery schedules and delivery volumes for performing the production plans;
• Inventory and purchase management: contract management, bulk purchase realization, accounting and optimization of goods in stock;
• Production capacity planning from preliminary planning to using separate machines and equipment;
• Operational finance management including the generation of finance plans and the verification of its completion, finance and management accounting;
• Project management including stage and resource planning.

The aim of ERP system implementation is in establishing connections between all the departments and creating the unified information storage that keeps all the necessary information about the company, its services, production and the performance of all the departments.

ERP solutions are intended for business processes automation in middle and small companies as well as big branch enterprises in the sphere of trade, production and services. The ERP system implementation gives a possibility to use one integrated program instead of several independent ones. Using ERP system it’s possible to manage handling, logistics, billing, accounting and so on.