ERP at LNM

ENTERPRISE RESOURCE PLANNING (ERP)

Enterprise Resource Planning systems (ERPs) integrate all data and processes of an organization into a unified system.  A typical ERP system will use multiple components of computer software and hardware to achieve the integration. A key ingredient of most ERP systems is the use of a unified database to store data for the various system modules

The introduction of an ERP system to replace two or more independent applications eliminates the need for external interfaces previously required between systems, and provides additional benefits that range from standardization and lower maintenance (one system instead of two or more) to easier and/or greater reporting capabilities (as all data is typically kept in one database).

Examples of modules in an ERP which formerly would have been stand-alone applications include: Manufacturing, Supply Chain, Financials, Customer Relationship Management (CRM), Human Resources, Warehouse Management and Decision Support System.

Ideally, ERP delivers a single database that contains all data for the software modules, which would include:

Manufacturing 

Engineering, Bills of Material, Scheduling, Capacity, Workflow Management, Quality Control, Cost Management, Manufacturing Process, Manufacturing Projects, Manufacturing Flow

Supply Chain Management  

Inventory, Order Entry, Purchasing, Product Configuration, Supply Chain Planning, Supplier Scheduling, Inspection of goods, Claim Processing, Commission Calculation

Financials  

General Ledger, Cash Management, Accounts Payable, Accounts Receivable, Fixed Assets

Projects 

Costing, Billing, Time and Expense, Activity Management

Human Resources  

Human Resources, Payroll, Training, Time & Attendance, Benefits

Customer Relationship Management  

Sales and Marketing, Commissions, Service, Customer Contact and Call Center support

Data Warehouse  

Various Self-Service interfaces for Customers, Suppliers, and Employees

 

LNM uses ERP to manage all the activities like engineering, production, material handling,  inventory management etc.