Modules of Industry specific ERP software
Industry-specific ERP software is a uniquely developed ERP software integrated with different specific modules for different industries.
Every industry demands different features and modules for their unique needs. These features and needs vary from industry to industry. A general ERP software isn’t sufficient for large enterprises with exposure to different industries and multiple units.
To help such enterprises ERP software providers develop different modules with industry-specific features. These modules can be integrated with general ERP software and perform complex tasks.
In this article, we will give an overview of some industry-specified modules generally used by large enterprises in their ERP software.
These modules can be specified based on the size, functionality, and complexity of different tasks an industry requires.
Industry specific modules:
- Business intelligence (BI) and artificial intelligence (AI)
- Demand planning and forecasting
- Project management
- Manufacturing
- Material requirements planning (MRP)
- Computerized maintenance management system (CMMS)
- Batch manufacturing records (BMRs)
- Quality management
- Lab, recipe, and formula management
- Regulatory compliance
- Non-conformance / corrective actions
Business intelligence (BI) & Artificial intelligence (AI):
Business intelligence and artificial intelligence are some of the greatest developments of our time. They have completely revolutionized the concept of automation in every aspect of the business. When these technologies are used for business management the results are phenomenal, increased efficiency and high accuracy are all the things you need.
Some industries need these features in their ERP system to make sure their ERP system learns from swiftly developing market and industry dynamics on its own using these features. Industries like healthcare, transportation, advertising, and many more.
Demand planning and forecasting:
Demand planning and forecasting modules are used to help managers and executives in aligning their business goals and making new investment decisions. To make a better decision, decision-makers should know about the demand dynamics and demand forecast. These modules can analyze the data and consider different other factors to plan demand and forecast it.
Project management:
The project management module is used to monitor and manage different projects performed in the company. This module records all the data about different tasks assigned to different employees and updates the system with completion status. Industries that perform different projects at once require this module to manage and track them.
A general ERP software has a project management module but it has its limitations. A separate and advanced project management module is integrated to perform multiple projects at once.
Manufacturing:
The manufacturing module is used by the manufacturing industry to manage the whole production process. It keeps a record of every step performed on the manufacturing line and generates real-time data alerts to managers to assure quality, availability, and better coordination between different departments.
Large enterprises with exposure to different industries and multi-units of manufacturing lines used manufacturing modules in their ERP system.
Material requirements planning (MRP):
The material requirements planning (MRP) module is used by manufacturing businesses to help them manage their requirement for the material.
This module keeps a record of required material and generates alerts to identify any excessive usage or shortage of any material so that the supervisor can arrange that time. More advanced MRP modules are developed that can place orders for any material that is about to end.
Computerized maintenance management system (CMMS):
The computerized maintenance management system (CMMS) module is an advanced module designed to manage Maintenance activity throughout the enterprise that helps the enterprise in better allocation of resources like vehicles, human resources, and equipment. A computerized maintenance management information system (CMMIS) is another version of this module that manages the maintenance of an enterprise’s database.
Enterprises with multiple units and facilities use this type of module in their ERP system.
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Batch manufacturing records (BMRs):
The batch manufacturing records (BMRs) module is used by manufacturing businesses to keep records of the manufacturing process, it will be used to produce the batch and record the process from start to end. This process is very important to keep a record of every batch separately and that information can be used to recheck any error.
Quality management:
The quality management module is used by different industries manufacturing different classes of different types of products. The quality management module is an important module responsible for quality assessment and reporting. This module analyses the quality parameters of different units to make sure that every product is manufactured as per the standard determined by the manufacturers.
Moreover, the quality management module generates different reports that help managers in better assessing the quality of their production process. Other than that the reports help the manager keep a check on raw material quality, labour efficiency, and operation of different machines working with the production line.
Lab, recipe, and formula management:
Businesses that have different formulas or recipes for their products should have a system that can manage all the information and use it appropriately.
Pharma companies have different formulas for their medicines, they also have extensive research labs working on those formulas. To manage all their formulas and lab operations, this management module is used in the ERP software.
Other than pharma companies other companies produce products that are used by households like cleaning chemicals, detergents, deodorants, beauty products, and many more categories of products that use this module in their ERP software.
On the other hand, the business that produces different food-related products has its own recipes. These recipes are managed by this management module. Moreover, new recipes and improvements in existing recipes are updated into the software to make sure it manages all those at once.
Regulatory compliance:
The regulatory compliance module is used by a minor number of businesses. This module connects the company with its regulator for compliance with different statuses. Usually, financial institutions require such integration to give access to regulators to keep a better eye on companies’ business activities.
In some cases, businesses that require quality compliance with their regulator also use regulatory compliance modules in their ERP software.
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