Enterprise resource planning (ERP) is an enterprise-wide information system designed to coordinate all the resources, information, and activities needed to complete business processes such as order fulfillment or billing.
The SAP ERP application is an integrated enterprise resource planning (ERP) software manufactured by SAP AG that targets business software requirements of midsize and large organizations in all industries and sectors. It is the successor product to SAP R/3.
SAP FI Module - where FI means Financial Accounting – essentially this SAP module delivers your regulatory ‘books of record’, including
- General ledger
- Book close
- Tax
- Accounts receivable
- Accounts payable
- Asset Management (SAP AM)
- Consolidation
- Special ledgers
SAP CO Module - The CO stands for Controlling – basically the SAP Module which allows you to manage your internal cost/management accounting, including
- Cost elements
- Cost centres
- Profit centres
- Internal orders
- Activity based costing
- Product costing
SAP HR Module - ah yes, the HR is for Human Resources ... people are the important part of this SAP module, including
- Employment history
- Payroll
- Training
- Career management
- Succession planning
SAP MM Module - one of the most important SAP Modules where MM is Materials Management - underpins the supply chain, including
- Requisitions
- Purchase orders
- Goods receipts
- Accounts payable
- Inventory management
- BOM’s
- Master raw materials, finished goods etc
SAP SD Module - another one of the large SAP modules is Sales and Distribution – from order to delivery, including
- RFQ
- Sales orders
- Pricing
- Picking (and other warehouse processes)
- Packing
- Shipping
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