In a challenging and a competitive scenario the business organizations are taking the enterprise resource planning seriously to drive the organization towards better profitability and achieving new targets. ERP solutions provide that unique platform in integrating all the important functional systems and enabling a free flow of communication and well managed data throughout the enterprise that aids in speedy actions and decisions. With the big and small sized organization spanning out their business globally, many factors like inter company processing, time zone, currencies, language and culture, accounting rules etc. must be kept in mind in implementing a standard ERP solution.
Based on different factors a standard ERP solution must encompass the following areas.
Technical Standard: To implement and integrate the business successfully a standard ERP solution must have -
1. The compatibility to work in heterogeneous environment irrespective of the geographical location.
2. Standard platforms like dotnet and J2EE for the full fledged integration and functionality.
3. A well coordination system between the supply chain, logistics and warehousing in a manufacturing organization.
4. Expanding capabilities through latest developments in different departments within and beyond the boundaries of the organization.
5. A well maintained database through a central repository.
Business Standards: ERP solutions maintains certain business standards that enables the all sorts of organizations to operate all essential functions saving time and money and delivering quality products to thrive in the competitive market.
ERP plays a vital role in managing the human resource and the customers, the two most important aspects for a business through different modules. These modules include administration module, finance module, sales and purchase module, business partners’ module, MRP module, production module, inventory module and many more depending upon the requirements of the organization.
The ERP solutions must have the provision to be integrated through SDK components or other interfaces and also the flexibility to be integrated into other Microsoft Office products.
The solution must be user friendly serving all the purposes of the business management providing time saving service to the organizations. It must be scalable and can be customized according to the organizational needs. It must be easily accessible from any point of the system enabling a smooth flow of information and data to perform various functions with ease.
Besides managing the business margins and productivity the organizations must comply with some regulations as enforced by the government. Latest ERP modules are developed maintaining a focus on these compliances to generate new reporting standards. The ERP modules must integrate all the functionality in accordance with the compliances like: Lot traceability, sufficient Audit trail, digital signatures, standard quality control and latest security features.