What is a chatbot? A chatbot is a computer program designed to simulate human conversations either through texts or voice. This conversation is done in natural format using artificial intelligence…
What Is Robotic Process Automation? Robotic Process Automation uses computer programs, rather than human employees, to oversee finance, accounting and general business processes. These computer programs, called software robots, use the…
Accounts payable and Accounts receivable modules are two important execution modules under finance segment of an ERP system. Financial relationship with vendors who are providing input to the organization in the form of goods and…
ERP Purchase Management software handles company purchase orders and at the same time traces vendor performance. Detailed line items indicate planned receipts to inventory or to a job, although their…
ERP Advance Bill of Materials is a comprehensive inventory of the raw materials, assemblies, subassemblies, parts and components, as well as the quantities of each, needed to manufacture a product.…
Traditional production planning and scheduling systems (such as manufacturing resource planning) use a stepwise procedure to allocate material and production capacity. This approach is simple but cumbersome, and does not readily adapt to changes in…