Enterprise Resource Planning System or ERP is software that manages all the resources of the company. it can be said that the ERP is a cross-functional software that supports all the verticals within a company. In an organization, ERP manages many business departments with a centralized application.
Many vendors in the market provide ERP solutions or Cloud-based ERP solutions. They may differ in their implementation platforms and technologies but most of them offer the same common and basic modules of ERP such as Human Resource, Inventory, Sales & Marketing, Purchase, Finance & Accounting, Customer Relationship Management or CRM, Engineering or Production, Supply Chain Management or SCM, etc. Every component handles that business process of the organization. Let us understand the ERP distribution module.
While the inventory module tracks the stock of items with its unique serial numbers, using its number the managers keep the track of items and find their location in the organization. SCM module manages the distribution of the products from the manufacturer to consumer and then consumer to manufacturer. Here, there is an involvement of the manufacturer, stockiest, distributors, retailers, etc. SCM or supply management involves sales returns and replacing processes too. ERP is a great help for such functionalities. It streamlines the business operations of SCM in the organization. You can customize the ERP modules too as per your requirements.
The distribution module in ERP allows the companies with complete solutions so that they can handle their sales, purchases, logistics, inventory, and finance verticals. The module takes care of all the operations related to supplying chain and vendor management too. this way, the companies know how much to store with ease. It helps to eliminate the complexities related to the tedious supply chain management and makes it easier for the companies to create an optimized inventory.
The distribution module offers contact management for efficient customer and suppliers communication, supply chain management to balance the demand and supply, financial reporting to provide valuable insights, stock planning to help you find how much to store, etc.
The distribution module in ERP systems offers the best features and integration to assist you in succeeding in the cutthroat competition. This module is further integrated with accounting and material planning to provide real-time reports. With a distribution module, the ERP systems can result in a quick operation, covering every bit of business operation.
Financial data is crucial for running the business. Accounting software manufacturing takes care of the inflow and outflow of money or capital. This finance module keeps track of account-related transactions such as sales v/s expenditures, balance sheets, ledgers, budgeting, bank statements, payments, tax management, and so on. This module manages financial reporting as an easy task.
