Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources. ERP software integrates all facets of an operation — including product planning, development, manufacturing, sales and marketing — in a single database, application and user interface.
ERP software is considered to be a type of enterprise application, that is software designed to be used by larger businesses and often requires dedicated teams to customize and analyze the data and to handle upgrades and deployment.
In contrast, Small business ERP applications are lightweight business management software solutions, often customized for a specific business industry or vertical.
ERP software typically consists of multiple enterprise software modules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization. Each ERP module is focused on one area of business processes, such as product development or marketing.
Some of the most common ERP modules include those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance and HR. A business will typically use a combination of different modules to manage back-office activities and tasks including the following:
Distribution process management, supply chain management, services knowledge base, configure, prices, improve accuracy of financial data, facilitate better project planning, automate employee life-cycle, standardize critical business procedures, reduce redundant tasks, assess business needs, accounting and financial applications, lower purchasing costs, manage human resources and payroll.
As the ERP methodology has become more popular, software applications have emerged to help business managers implement ERP in to other business activities and may incorporate modules for CRM and business intelligence, presenting it as a single unified package.
Managing Warehouse is an ongoing process and requires complete attention to detail. The scale of warehouse can really intimidate anyone, but with the correct use of Warehouse Management system, things become much simpler and manageable. Stocking and restocking of items requires a complicated approach with every single bit of information on the desk. With Odoo Warehouse Management System, businesses can easily manage warehouse. The Odoo Warehouse Management System offers tons of features including the revolutionary Double Entry Inventory Management, traceability, barcode scanning, shipping, real-time stock level and more.
Sales department deals with all the sales that are done by the organization. Sales can be a complicated process for many businesses and with huge sales figure, organization can find in a spot of bother when tracking each sale and its prospects. With streamlined information, sales department can find flaws and improve in the sales process. Sales is undoubtedly the most important part of any organization as it opens the world of opportunities for the business and creates the right platform for creating insurmountable profit and networking.
The Sales department is also responsible for creating new potential connections, increasing the scope of profit and credibility. The Odoo ERP solution comes with Sales solution. An Organization can easily integrate sales solution into their existing process. The sales module has tons of features. Some of the notable features are sending the quotation online, creating an electronic signature for sales, activity tracking and much more.
Business is not only about selling items or services to different clients. It also includes purchasing goods, services and other forms of items. Purchasing when done on a large scale requires a collaborative approach and complex in no time. For the sole reason, ERP solution such as Odoo offers Purchase solutions for the business out there. With the Purchase solution, the business can easily track their purchases, clients, goods and other important information without losing sight of the purchase.
With the help of the Purchase Odoo solution, businesses can easily track client’s performance on delivery of the items and also create a useful Request for Quotations (RfQs) to multiple clients and enhance the overall purchase process of the business.
The primary question for the most of the small scale business is whether they require purchase management or not. The answer is obviously Yes. According to the experts, purchase management is one of the important processes of the company and requires attention from the managers. Without proper care, the whole process can go haywire and can easily affect other processes like manufacturing or sales.
With Odoo Purchase Management, organizations can take their purchasing department to the next level, bringing more productivity and revenue in exchange.
Point of Sale (POS) solution offers customer services for completing transactions. The service enables business to generate the receipt, accept cash and deliver an array of services to the customers. The customer buys products or services, which is then entered into the system for easy tracking and updating stock in the warehouse.
Odoo POS is one of the best POS software solutions for the business. It offers tons of features and completely redefines the Point of sale approach for businesses around the world. Odoo POS is completely cloud based, which makes the system completely portable. It also comes with all the add-ons that make it a great POS platform. It offers Barcode Scanning, Cash Register, Touch Screen, weight calculator and more. It also supports multi-station management, enabling multiple transactions possible.
Sales drives profit and with Sales Analytics imbued into the POS Odoo, teams can understand their business way better. Sales also help to deliver customer service. With functionalities like customer refunds, warranty tracking, planning deliveries — the system can maximize great experience for the customers.
The Sales Analytics also help managers and operators to gauge into the depths of understanding the sales pattern. The analytics can enable managers to take crucial on the spot decisions.
CRM is no new term, it specializes or automates different processes within the organization that is related to dealing current or future customers. Customers form the base of any business and maintaining them requires automation, organizing and synchronization of mainly four main functions of a business, i.e., customer service, sales, marketing and technical support.
Customer Relationship Management using Odoo is one of the best solutions for businesses to automate customer handling in a well structured way, creating a solution specific to the organizational needs. The Odoo CRM consists of many features that help the organization to capture the market and keeps customers happy. Customer maintenance is important as they yield more profit by referring the services to other interested customers.
With Odoo CRM, the organization can easily track leads, generate accurate forecasts and close opportunities. Sales features are above average and grants you enough power to drive sales from nowhere.
Accounting is the most important part of any organization. With accounting, any business can easily gauge the economic activities and come up with reports that can be shared with the stockholders. The stockholders also play an important role in accounting to any organization. All the expenses, profits and other forms of revenue is calculated using the Accounting software. People who manage the accounts are known as accountants.
With Business growing exponentially, having a system that is completely integrated with sales and inventory is a must for business to survive.
Odoo is a versatile product and offers features for almost all the process related to the business. Accounting is no different. With the Accounting, Odoo Solution business can easily solve all their accounting problems and control each transaction using the automated features of the solution. Other important features that Odoo Accounting Solution are General Ledger Management, Cash and Asset Management, Bank Reconciliation, Cost Centre and KPI, Extensive Reporting and much more
Having a completely integrated Accounting solution for your ERP, leverages opportunities and dissolves problem related to accounting.
Keep track of all the cost center elements of the business such as Research and Development, marketing or other forms of activities that do not add profit to the business, directly or indirectly.
Key Performance Indicator is a metric used by the business to elevate their performance and also understand the growth over a period of time. With all the information available at the dashboard, business can easily improve on the past performance and create interesting reports.
Manufacturing Resource Planning includes all the process and their planning in an effective manner. The Planning can be done in many stages and is not completely dependent on the software being implemented.
The notion of using Odoo as an MRP is an interesting prospect for the businesses. It enables businesses to completely monitor the manufacturing process using the Open Source Manufacturing using Odoo solution.
Using MRP solutions can truly enhance the functioning of the business and enable them to manage database with accuracy. The stock can easily be maintained leading to better manufacturing performance.
MRP can also be used to utilize to maximize resource utilization with no losses of any kind.