From managing human resources to accounting, a tool that is in use since 1990 in the manufacturing sector is ERP (Enterprise Resource Planning). Sales, retail, operations, and finance are the departments in which we can use ERP after customization. Major changes have been seen in the ERP industry after a long time when the term was coined. Now a question arises: In which industries this tool is used? Here are a number of industries that use ERP software for management.
1. Construction – For various construction processes the robust data analytics is offered by the ERP software which includes:
- Financial management
- Contractor management
- Equipment Management or Inventory
- Human Capital Management
- Project Management
- Vendor Management
- Bid Management
- Customer Relationship Management (CRM)
- Asset Management
For managing the lifecycle of a project, it is possible to make a number of tools available, if, in a solution that is all-inclusive, we integrate several systems. In the growth of the company and construction projects, a delay can occur if the software for accounting, scheduling, and document management is improper. Because of the unexpected circumstances, potential damage to the construction project can occur if we do not have integrated software solutions.
2. Retail – For keeping up with the demands of customers that are increasing, it can be extremely valuable if in retail we use ERP software. Accessing the cross-channel for the account managers and sales associates can be very easy if we combine CRM with ERP software. Ensuring correct stock levels is possible if in real-time you are capable of viewing the levels of the warehouse. For retail, the various customized modules are:
- Robust replacement for AS400
- Stock transfer
- Allocating stock between locations
- Breakdowns in LIFO and FIFO and several other product financials
- Offers in product discount
For running business operations more efficiently a necessary solution of quick management that is simple and reliable is offered by retail ERP software.
3. Education – In order to manage the logistical needs in research facilities and academics a valuable tool can be ERP software. Managing initiatives easily, tracking the best vendors, and ensuring essential items’ stock levels in the schools is possible with this tool. For tracking the government grant spending and enrollment, it is possible to design modules and along with this proper allocation of funding and grants can be ensured by the financial teams if they make use of this software.
4. Hospitality – For tracking the vacancies, scheduling and canceling the appointments, waste collection, cleaning schedules, and monitoring the staff of the hotels, the ERP software can help a lot. If a room is booked two times then for minimizing the conflicting data and duplicates it is possible that in a single location all the vital information is kept by the hotel managers with the use of ERP software. Within a hotel monitoring, activities and restaurants are possible by using the ERP software.
5. Healthcare – Essential items’ sourcing and procurement and handling daily activities in healthcare is possible if we use the Enterprise Resource Planning tool here. Close monitoring of the waste management reports, utilities and payroll is also possible with this. In the healthcare system, effective management of finances can be enabled with ERP accounting tools. The costs of care versus quality of care are a metric analysis that ERP tools can offer you along with the tools of business intelligence. Close monitoring of researchers, clients, and relationships is possible for healthcare if they use ERPs that work under the PRM system.
6. Manufacturing – In the manufacturing sector you can get benefits from the ERP software. Simple communication is possible in the departments of operations, production, purchasing, and finance if we use ERP that is cloud-based. On the basis of the task needed, the modules, dashboards, and custom alerts can be set up by the teams. Projections and custom reporting can be set up by the finance departments. Along with this for the recalls, broken machines, and low inventory levels, the alerts can be set up by the teams of production and operations. Each vendor and customer that is affected can receive the recall alerts if we combine CRM with ERP.
If within a healthcare organization you take interest in managing the clinical data or medical records electronically then it will be good for you to take the help of web-based medical software.