News Column

United States : 4 big industry applications of ERP software

June 5, 2014



Of the countless industries using ERP software, 4 stand out as benefiting the most from its versatility and functionality. Retail, manufacturing, farming, and real estate management all require a customizable, streamlined management software that can collect and manage data.

Retail

The face of retail is sales and payment. As well as, inventory management and tracking, shipping, and marketing create the backbone. Clothes, cars, and food all follow the same basic principles and require very similar functionality.

ERP software allows orders to be coordinated across multiple stores while advanced pricing allows for management of sales and numbers that can be sorted through various hierarchies.

Orders can also be tracked based on stock and non-stock items, recurring orders, and real-time updates to inventory.

Manufacturing

Provides goods to the retail scene. Of many types and sizes, all work very similarly in their need to maintain competitiveness through integration. Once integrated, ERP software is used to track the financial portion through product costing and manufacturing accounting.

It is also used to the track the shop floor through work order processing and managing project data.

Farming

Growing crops is stressful, on top of which, there are acres of land more than likely growing numerous types of food. ERP software provides an organizational solution for tracking and planning. Grower management tracks information on the specific blocks of land, harvest details, and crop maturation.

This is saved to provide historical information at a later date to help forecast earning potential. Contracts can be tracked, noting the quality agreed upon, renewal dates, and any amendments to the contract.

Real estate management

The recent JD Edwards Upgrade provides improvements to Real Estate Management ERP platform for the construction of properties, as well as the building management proceeding its construction.

To ease the pressure to organize such a vast amount of information, real estate management in ERP software is lease-based and creates recurring bills, rent projections for coming years, and processes revenue.


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Source: TendersInfo (India)


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