ERP is the short form of Enterprise Resources ERP implementation utilizes various ERP software applications to enhance the performance of organizations for resource planning, management control and operational control. ERP software consists of multiple software components that incorporate activities across functional departments from product planning, parts purchasing, inventory control, and product distribution, to order tracking.
Most ERP software systems include application components to sustain common business activities like finance, accounting and human resources(Applicant tracking). The applicant tracking system is one of them the term applicant tracking explains that it is related to searching applicants/candidates for the openings available in the organization. Nowadays, each and every business process is automated. But, automating recruitment process has made this lengthy process short and easy to handle.
Applicant tracking system is also called as candidate management system. This software can be used to assemble the resumes/applications from potential sites by posting opening/job details. The resumes are further processed by this software to parse the resumes and short listing the candidates. It becomes very easy to select the best selected candidates for interviews. These systems also allow mass email/messages to the selected candidates. Thus, all the process becomes very simplified and accurate too.
There are many features in each of the systems. Before installing the applicant track system for your small/medium size organization, there are some key areas/features should be looked out for – Each organization has its different internal processes. The processes that need to be improved are decided first. Those facilities should be there in the system you are going to adopt for your organization. The cost is always the important issue in buying anything. The cost should be reliable and must suit the facilities provided by the system.
It is essential that the system should fulfill all the requirements and its cost should be reasonable. You can compare cost and features of 3/4 products to choose the best one for you. The system should be easy to use and flexible to modify with your business requirements. It should be user friendly and should need minimum IT supports. Such system can accelerate the whole process drastically by providing better results.
Evolution of ERP: Inventory Control – > Material Requirements Planning (MRP) – > Manufacturing resource planning ll (MRP Il) – > Enterprise resource planning Components of ERP: HR- Human Resources – HR management:(applicant tracking) – Payroll – Planning (Workforce & shift) Financials: – General Ledger – Asset & Treasury Management – Accounts (Receivable & Payable) – Controlling Sales and Distribution – Customer Management – Sales order mgmt – Billing, invoice & dispatch – Sales history Materials Management – Procurement – Inventory Management Logistics – Warehouse management – Transport Management