Final answer:
Extended modules in ERP are specialized components that enhance the core ERP system by providing additional features. The four components of an extended ERP module can include CRM, SCM, HRM, and BI.
Step-by-step explanation:
An extended module in Enterprise Resource Planning (ERP) refers to a specialized component that extends the functionality of the core ERP system. It is designed to meet specific industry requirements or address unique business processes. These extended modules enhance the capabilities of the ERP system by providing additional features and functionalities.
The four components of an extended ERP module can vary based on the specific ERP system and industry. However, some common components include:
- Customer Relationship Management (CRM): This component focuses on managing customer interactions, sales processes, and customer data. It helps businesses build and maintain strong customer relationships.
- Supply Chain Management (SCM): This component deals with managing the flow of goods, services, and information between suppliers, manufacturers, distributors, and customers. It helps optimize the supply chain processes and improve efficiency.
- Human Resource Management (HRM): This component automates various HR processes, such as recruitment, employee onboarding, performance management, payroll, and benefits administration. It helps streamline HR operations and improve employee productivity.
- Business Intelligence (BI): This component focuses on data analysis and reporting to provide insights into business operations, performance, and trends. It helps businesses make informed decisions and drive strategic planning.