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blog | March 29, 2018

9 Key ERP Software Features to Have

Enterprise resource planning (ERP) is a system of integrated software applications that standardizes, streamlines and integrates business processes across finance, human resources, procurement, distribution, and other departments. ERP ranks...

By WorkWiseSoftware

Enterprise resource planning (ERP) is a system of integrated software applications that standardizes, streamlines and integrates business processes across finance, human resources, procurement, distribution, and other departments. ERP ranks high among the most comprehensive, powerful data management solutions available. For many businesses, ERP is ideal for data analysis, automation and full-scale infrastructure integration. However, with many systems available, selecting the right ERP system can seem overwhelming.

Because ERP helps employees with tedious tasks, it is important to know what the software offers those who use it on a daily basis. Continue reading to learn more about WorkWise ERP and the 9 key features that make the software just what it is.

1. Cloud and On-Premise Options: Cloud and On-Premise Options

We have discussed the differences between cloud and on-premise options on our blog before. Both options are truly based on what works best for your company and its employees. Cloud ERP provides flexibility of use. It is hosted through your vendor, so there is no implementation cost or process. You have the ability to access it through any browser of your choice, in any location. All you need is wifi access and you have enterprise resource planning software instantly. This makes it easier for employees who may work outside of your company office.

On-premise enterprise software is all installed and used in house. This version of the software has a larger price tag because of the implementation process. On-premise software can only be used within your place of work, so there is no option to use it outside of the office like there is with the cloud.

ERP gives you the option to decide which works best for your company culture.

2. Planning Suite

The planning suite allows users to plan capacity and material requirements, manage production schedules and generate accurate statistical forecasts. Here is just what the planning suite can do.

3. Engineering

Here is what ERP has to offer within the engineering realm.

4. Marketing, Sales and Customer Service

With this feature you are able to deliver a stand out customer service experience with quoting, estimating, order management, returns and warranties. Additional information on those features are as follows:

5. Materials planning and costing (MRP)

MRP allows your products to be scheduled and forecasted produces a complete material plan which determines the quantities and delivery schedules of needed components.

6. Shop Floor Management / Shop Floor Control

Shop Floor Control is a real–time database of shop floor activity including new work, current work–in–progress and completions. As work moves through the plant and operations are completed, you receive instant feedback so you can respond effectively.

7. Electronic Data Interchange (EDI)

EDI facilitates order entry, invoicing and Advanced Shipping Notice processes by removing the need for paper forms and filings. It also provides data transmission to exchange this information instantly rather than via mail.

8. Quality Management

Quality Management allows manufacturers to monitor quality through the manufacturing process.

9. Lean/Kanban

Lean/Kanban is a communication system that controls the flow of the shop, and synchronizes the level of production to customer demand.

Enterprise resource planning software has many features to help your company run smoothly and efficiently.  The most important part when searching for ERP software, is research. You want to make sure that your provider offers exactly what you’re company needs, so that you don’t run into issues in the future. If you’d like to learn more about ERP software, contact us today.

 

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