6 features and characteristics of ERP

It should be noted that depending on the nature of the company, you may need certain features or others. it doesn't hurt to take into account your sector of activity to know what best fits your company.

For example, manufacturing companies have specific problems related to stock. Commercial or service companies, however, give more importance to customer service. Although these functions are not contradictory — in fact, they are complementary — it is true that more emphasis is placed on one or another depending on the case.

The main ERP features and their functions are as follows. Be sure to take note of this information; you'll find it very useful.

Material Requirements Planning (MRP)

This feature contains information about your suppliers, both in terms of numbers and volume. One important piece of information you provide is a history of purchases, which will allow you to negotiate your purchases better. You can also manage the entire purchase process directly and calculate the cost. This is undoubtedly a good way to gain efficiency and is an appealing module.

While this feature is not necessarily essential, it is highly recommended. What's more, it works for companies from different sectors of activity. It should be no surprise, then, that this is one of the most frequently requested ERP features

Stock Management

Stock management is a key process for all companies and, in this case, is important for tracking goods. Some of the features of this module are batch management, stocktaking and delivery management. Of

course, you will also have the ability to control the entry and exit of goods. In the long run, this enables users to optimise costs and service.

Although this feature is useful for almost all companies, it is especially important in sectors such as manufacturing and distribution. It goes without saying that physical goods are essential for everyday operations.