In Part I of our continuing blog article series on getting ERP right the first time you do it, we introduced the concept of ERP as a means to build greater profitability through gains in efficiency. Now, let’s take a look at what is the function of ERP within the manufacturing system, and what benefits can be had through its employment.
In essence, ERP software serves as a central communication point, or hub, for all the activities in a manufacturing business. It consists of different modules that handle everything from estimating and quoting work orders, all the way to final delivery and billing. ERP also handles all the financial aspects of work generation, including purchasing, inventory management, administrative overhead and all the accounting and financial activities. (more…)