ERP software comes with a plethora of features and add-ons that vary by vendor. However, you don’t want to put the cart by investigating add-ons before securing the main ERP components that you require in your software.

1. Automotive
ERP Solution
Discover 6 Must-Have Features of Automotive ERP Solution

2. Discover 6 Must-Have Features of Automotive
ERP Solution
ERP software comes with a plethora of features and add-ons that vary by vendor.
However, you don’t want to put the cart by investigating add-ons before
securing the main ERP components that you require in your software.
You can usually choose which features you want to have in your ERP software
Kolkata. We’ve compiled a list of six of the most frequently requested features to
assist you in developing an idea of some of the functions you might be interested
in having for your business needs.

3. What exactly is ERP Software?
ERP is a group of combined software applications that regulates, modernizes, and
assimilates business procedures across finance, human resources, distribution,
and other sections. ERP systems usually run on a unified software platform with
shared data and a single database.
ERPs were mainly intended for industrial companies, but they have since been
extended to contain service industries, higher education, hospitality, health care,
financial services, and administration. Each industry has its own ERP unique
features.
ERP
Common
Components

4. 1. Human Resources
2. Customer Relationship Management
Modern solutions enable the management of company data as well as the
streamlining of employee management tasks such as payroll, hiring, and other
responsibilities. You’ll be in a better position to assist in the recruitment and
empowerment of employees, as well as track employee performance and identify
HR issues before they occur.
It makes no difference whether a company needs to track contract status or
manage invoices; the integration of customer relationship management in ERP for
manufacturing software is a must. This module allows information to be accessed
by various departments and teams. As a result, businesses can address their
customers’ preferences and needs and develop strategies accordingly.

5. 3. Business Intelligence
4. Supply Chain Management
BI provides users with the tools they need to make the most of the data that your
ERP already processes. BI functionality collects and analyses data from across the
platform to help you run your business more efficiently.
Tables or simple data spreadsheets may be provided by non-BI Programmes.
There are, however, more advanced options that provide custom dashboards,
graphs, and other data visualizations. Reports enable business leaders to make
more strategic decisions based on data and facts.
Production is a critical area for any automotive manufacturing company to cover
to keep up with rising demand. Effective open source ERP software Kolkata must
provide real-time data on the shipping, manufacturing, and value chain
departments. In addition, the data must be archived for
auditing and future reference.
Having said that, integrating the ERP system will enable businesses to
monitor the supply chain while providing optimal quality management.
As a result, businesses can monitor supply, demand, distribution, and
logistics (real-time information and updates). It enables businesses to
progress from an average to a successful level.

6. 5. Inventory Management
6. Financial Management
All of the modules and features are designed to keep your critical warehouse
functions centralized. More importantly, the data is synchronized with all other
inventory system modules. This aids in the accurate operation of inventory, which
boosts productivity by fostering a sense of collaboration among team members
working from various locations on their systems.
The Inventory Management module enables you to have multiple subcategories
and features to generate real-time reports for all required inventories.
The automated shortage reports assist in quickly and effectively controlling any
issues; alerts and reports allow you to efficiently deal with any unfortunate
inventory mishaps. Inventory management enables you to successfully establish
your eCommerce presence in a variety of locations.
The incorporation of financial modules in automotive ERP for manufacturing
software aids in the collection of financial information and data from various
departments. Furthermore, it aids in the preparation of financial reports such as
balance sheets and financial statements. Financial filings are constantly on the
line, and businesses cannot afford to miss this information or omit
accounting information.
The ERP system, which includes a well-integrated financial module, enables
businesses to supplement their financial aspects/needs. Furthermore, it simplifies
tax requirements as well as financial reports; they are frequently integrated into a
single system that can handle payments, accounting, and banking needs.
Furthermore, selecting ERP software Kolkata with real-time updates will improve
profitability and cash flow.

7. Secondary Components
Aside from the 6 chief ERP components, a variety of excellent features and add-
ons are available to address more detailed business requirements. Here are some
additional ERP features to consider including in your solution.
•Risk Management – This tool can help you predict and reduce risk in
your business. It may also recommend Business Continuity Plans (BCP)
in the event of an emergency or an unplanned situation
•Marketing Resource Management (MRM) – Marketing Resource
Management eases processes such as the alignment of individuals,
procedures, and expertise to support and recover marketing efforts
•Sales-Order Management – Sales order management can help your
company manage sales orders throughout their entire lifecycle, from
order generation to billing/invoicing.
•Advanced Planning System (APS) – This tool uses data to track the
production costs of manufactured goods. It may also optimize raw
material and capacity allocation to balance consumer demand with
available warehouse space.
•Event Management – This solution enables the end-user to manage
events and hospitality Programmes from beginning to end.

8. Final Takeaway
Before you begin the implementation process, you should research the core ERP
components and functions provided by different ERP vendors. Conducting re-
search is a time-consuming and sometimes difficult process, but by reading articles
and speaking with various vendors, you can ensure that the ERP software you
implement will effectively withstand company growth.
Let us know in the comments what your favourite ERP components are!

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