ERP systems typically include the following characteristics:
* An integrated system that operates in real time (or next to real time), without relying on periodic updates.[citation needed]
* A common database, which supports all applications.
* A consistent look and feel throughout each module.
* Installation of the system without elaborate application/data integration by the Information Technology (IT) department.[3]
Finance/Accounting
General ledger, payables, cash management, fixed assets, receivables, budgeting, consolidation
Human resources
payroll, training, benefits, 401K, recruiting, diversity management
Manufacturing
Engineering, bill of materials, work orders, scheduling, capacity, workflow management, quality control, cost management, manufacturing process, manufacturing projects, manufacturing flow, activity based costing, product lifecycle management
Supply chain management
Order to cash, inventory, order entry, purchasing, product configurator, supply chain planning, supplier scheduling, inspection of goods, claim processing, commissions
Project management
Costing, billing, time and expense, performance units, activity management
Customer relationship management
Sales and marketing, commissions, service, customer contact, call center support
Data services
Various "self–service" interfaces for customers, suppliers and/or employees
Access control
Management of user privileges for various processes
Thursday, September 29, 2011
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