ERP Inventory Management Module
What is ERP Inventory Management Module? The ERP Inventory Management Module is a software application designed to help businesses manage their inventory in real-time. It is typically a part of…
Sales and Distribution Module: 6 Sub-Modules
What is SAP Sales and Distribution (SAP SD)? SAP Sales and Distribution (SAP SD) is a software module within the SAP ERP (Enterprise Resource Planning) system that is designed to…
What is Business Model? Definition, Four-box Business Model
What is Business Model? A business model summarises the essence of an enterprise and reflects its core business idea. It defines the structure of value creation, processes and delivery as…
ERP in Manufacturing
ERP in Manufacturing ERP refers to a range of business solutions supported by multi-module application software that enables organisations to manage essential business operations, such as product planning, maintaining inventories,…
7 ERP Modules: Finance, Sales, Manufacturing, HR, Plant Maintenance, Quality & Materials Management Module
Enterprise Resource Planning (ERP) is a software system used by organisations to integrate their functions in a seamless fashion. This software consists of multiple modules that are based on the…
What is SAP R/3 System? Characteristics, Vehicle for Business Integration
What is SAP R/3 System? The SAP R/3 (R stands for Real-Time and the number 3 denotes the three-tier application architecture) system is packaged business software that helps in integrating…
What is SAP? Definition, Characteristics, Architecture, History, Market, Business Processes
What is SAP? SAP (Systems, Applications and Products) in Data Processing is a software company that is known as a leader in Enterprise Resource Planning (ERP) software. The company, which…
Types of Information Systems: TPS, MIS, DSS, EIS
What is Information Systems? An information system is a set of interrelated components that collects, stores, analyses and disseminates information for effective business decision-making. For example, an organisation wishes to…
What is Business Process Reengineering (BPR)? Definition, Steps, Characteristics
What is Business Process Reengineering (BPR)? Business Process Reengineering (BPR) is the fundamental rethinking and redesign of business processes to achieve significant improvements in critical measures of performance, such as…
What is ERP Purchasing Module? Functions, Characteristics, Benefits
What is ERP Purchasing Module? The ERP (Enterprise Resource Planning) purchasing module is a software component within an ERP system that is designed to manage the procurement process for an…