Functional Foundation of Enterprise Resource Planning (ERP)

Explore how real life procurement maps to ERP by detailing a simple purchase, budget, invoicing, payment terms, and the flow of accounts payable and receivable.

Examine different business models—from retail to manufacturing, distribution, and franchising—and how ERP modules adapt to sourcing, making, and selling across discrete, assemble-to-order, configure-to-order, and process manufacturing.

Explore ERP's business flows from legal entities to procure-to-pay, inventory, and order-to-cash. Integrate payroll, accounting, demand planning, and CRM across manufacturing, distribution, and services.

Explore the top ERP vendors—SAP, Oracle, and Microsoft, with rising cloud players like Salesforce and NetSuite, and compare cloud versus on-premises deployment.

Explore cloud versus on-premise ERP through a real-life kitchen and restaurant analogy, highlighting asset ownership, licenses, data ownership, and security considerations.

Explore how supply chain planning now sits inside ERP, forecasting demand and ensuring adequate supply. Align with procure to pay and order to cash, optimize stock, reduce costs, boost revenue.

Explore how customers drive the to cash cycle in ERP and how customer profiling classifies buyers by creditworthiness to tailor credit limits and payment terms.

Follow the order to cash process from customer profiling and credit checks through booking, assembly or standard fulfillment, auto invoicing, receivables, and revenue recognition in the general ledger.

Explore drop shipment in order-to-cash, where the supplier ships directly to the customer and the company invoices without touching its inventory, and examine blanket sales agreements for multi-period deliveries.

Understand inventory to fulfillment across retail, distributors, and manufacturing, differentiating discrete and process manufacturing, and managing finished goods, raw materials, consignment and carry-forward inventories, serial and batch numbers, and replenishment.

Understand how item attributes define master data in ERP, enabling properties such as weight, serviceable status, unit of measure, and invoicing, and determine their use in BOM, WIP, and transactions.

Apply the ABC analysis to prioritize high-value inventory and monitor low-value items with less control, using daily replenishment and automated notifications.

Explore bill of materials, work in progress, and cost management in manufacturing ERP, covering BOM types, WIP flows, and costing methods for discrete and process manufacturing.

Explore the procure to pay cycle, from purchase requisition and supplier quotations to purchase orders, goods receipt, and three way matching before payment and ledger entries.

Explore how the general ledger centralizes payroll, procurement, projects, inventory, and assets to generate profit and loss statements and balance sheets, using the chart of accounts, accounting calendar, and currency.

Explore how assets flow into the general ledger via procure to pay and asset capitalization, including additions and construction in progress, with depreciation and retirement shaping financial statements.

Explore how assets and projects flow into the general ledger within an enterprise resource planning system, covering temporary endeavors, budgeting, cost, revenue, and milestone-based billing.

Explore how the chart of accounts in Odoo ERP organizes assets, liabilities, revenue, and expenses with account codes, enabling easy filtering and export for small and medium businesses.

Learn to create and post a journal entry, balance debit and credit, and view updated balance sheet, cash flow, capital movements, and profit loss in a simple ERP like Odoo.

Observe a practical Odoo procure-to-pay workflow from RFQ to payment, including purchase orders, three-way matching, receipt validation, general ledger entries, and payables reporting.

Learn how the order to cash cycle drives revenue and cash flow, from quotation and sales orders through delivery, invoicing, accounts receivable and accounts payable, with posting to general ledger.