Basic modules of the ERP System
                     Basic modules of the ERP System 
Over the past few decades, enterprise resource planning (ERP) systems have grown to be a 
crucial tool for enterprises. An ERP systems automates crucial business procedures and acts as 
a central repository for all operational and financial data from throughout the organization. It 
obtains this information through a number of modules created to assist various departments, 
like accounting, supply chain, and human resources, in carrying out their particular duties. 
All workers have access to the data they require through an ERP solution, enabling them to 
pinpoint areas for improvement as well as address critical concerns regarding the performance 
and future direction of their department. It assures that everyone, regardless of function, is 
viewing the same figures and reduces problems with data consistency and accuracy. 
There are several companies offering both traditional and cloud-based ERP systems on the 
market. Even if implementation platforms and technologies vary, all ERP systems have the 
same fundamental and common components. The necessary components are merged 
according to the demands of the firm, and a tailored ERP system is created. 
Modules of ERP System 
Human Resource Module (HR) 
The human resource module assists the HR staff in managing human resources effectively. The 
HR module aids in managing personnel information and keeping track of records such as 
performance reviews, job descriptions, skill matrices, and time and attendance monitoring. The 
Payroll System is one of the crucial submodules of the HR module that assists in managing 
wages, payment reports, etc. Additionally, tracking of travel expenses & reimbursements is an 
option. ERP may also be used to handle the tracking of employee training. 
Inventory Module 
The stock of items may be tracked using an inventory module. Items can be recognised by their 
distinctive serial numbers. The inventory system can monitor things and determine their present 
placement inside the company using their special numbers. The inventory module has features 
including stock usage reports, master units, and inventory control. The ERP inventory module 
and the purchasing module could be integrated. 
Sales Module 
The typical sales process comprises activities such as sales query and inquiry analysis and 
processing, quotation drafting, receiving sales orders, creating sales bills with correct taxes, 
dispatching or shipping goods or providing services, and monitoring pending sales orders. The 
sales module of ERP controls all of these sales transactions. The CRM module may use the 
assistance of the Sales module to create future opportunities and generate leads. 
Purchase Module 
The operations involved in acquiring goods or raw materials that the business needs are 
handled by purchasing modules, as the name suggests. The purchase module includes features 
such as supplier/vendor listing, supplier & item linking, sending quotation requests to vendors, 
receiving & recording quotations, quotation analysis, creating purchase orders, following the 
purchase items, creating GRNs (Good Receipt Notes), creating stock updates, and various 
reports. For stock updates, the Purchase module is coupled with the Inventory module and the 
Engineering/production module. 
Accounting Module 
The finance module controls the whole entrance and outflow of funds. This module records all 
accounting-related activities such as payments, budgeting, bank statements, payment receipts, 
tax administration, and account ledgers and balance sheets. The work of financial reporting is 
simple with this ERP module. In the Finance module, all financial information needed to manage 
the firm is easily accessible with a single click. 
CRM Module 
By providing superior customer service and building strong relationships with customers, the 
CRM department is assisting in increasing sales success.The CRM module contains all the 
client information that has been saved. The CRM module assists in managing and tracking 
specific customer information, such as communication history, conversations, meetings, 
specifics of the client's purchases, contract terms, etc. To improve sales prospects, the CRM 
module can be connected with the sales module. 
Manufacturing Module 
The manufacturing module aids firms in scheduling production and ensuring they have the 
capacity and raw materials required for scheduled production runs. It may be used to update the 
status of goods-in-progress during the manufacturing process and assist businesses in 
comparing actual output to anticipated output. Additionally, it offers a real-time view of the 
factory floor, recording data on both work-in-progress and finished goods. In order to plan 
enough production, it can compute the average time to make an item and then compare the 
supply with the anticipated demand. 
Conclusion 
The modules in ERP solutions are made for dedicated functional aspects which are 
interconnected with each other to provide the business with effective and efficient business 
operation and management capabilities. Odoo is one of the best ERP systems that is available 
in the market. If you are in need of ERP implementation services, reach out to Nevpro Business 
Solutions today.