Question

ERP systems are modular, with each module handling a standard business process. This modular design allows businesses to add or delete modules as needed. Which of the following are typical ERP modules mentioned in the text?

Answer 1

Typical ERP system modules include Finance, HR, and Supply Chain Management, allowing for streamlined and automated business operations.

Step-by-step explanation:

Typical ERP modules include Finance, Human Resources (HR), and Supply Chain Management among others, which businesses can add or remove as needed based on their specific operations and requirements. An Enterprise Resource Planning (ERP) system integrates these various modules to streamline and automate business processes, improving efficiency and data accuracy across the organization.

The Finance module, for example, handles accounting, budgeting, and financial reporting. The HR module manages employee data, payroll, and recruitment, while the Supply Chain Management module oversees procurement, inventory, and distribution operations. Finance and Accounting: This module handles financial transactions, budgeting, and reporting. Sales and Distribution: This module manages sales orders, customer relationships, and distribution processes Inventory Management: This module tracks and manages inventory levels, stock movements, and procurement processes.