Functional Areas
The following are common functional areas covered in an ERP System. In many ERP Systems these are called and grouped together as ERP Modules:
- Financial Accounting
- General Ledger, Fixed Asset, Payables, Receivables, Cash Management, Financial Consolidation
- Management Accounting
- Budgeting, Costing, Cost Management, Activity Based Costing
- Human Resources
- Recruiting, Training, Payroll, Benefits, 401K, Diversity Management, Retirement, Separation
- Manufacturing
- Engineering, Bill of Materials, Work Orders, Scheduling, Capacity, Workflow Management, Quality Control, Manufacturing Process, Manufacturing Projects, Manufacturing Flow, Product Life Cycle Management
- Supply Chain Management
- Supply Chain Planning, Supplier Scheduling, Order to Cash, Purchasing, Inventory, Product Configurator, Claim Processing
- Project Management
- Project Planning, Resource Planning, Project Costing, Work Break Down Structure, Billing, Time and Expense, Performance Units, Activity Management
- Customer Relationship Management
- Sales and Marketing, Commissions, Service, Customer Contact, Call Center Support
- Data Services
- Various "self–service" interfaces for customers, suppliers and/or employees
- Access Control
- Management of user privileges for various processes
Read more about this topic: Enterprise Resource Planning
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