Industry-institute interaction, training, and placement are very important aspects to be considered while designing any system to improve the methodologies for the education sector. This chapter deals with the different modules related to industry institute management, training and placement, alumni database, and management to be covered while designing an erp system for improving these most important areas for any academic institution. Some of the modules to be covered in industry-institute management are as follows: database of industries, industrial visits for enhancing knowledge of students as well as faculty, regular lectures from speakers from industry, providing technical training to staff from industry by means of workshop/seminar/small term courses, and providing technical/consultancy services to industry. Some of the modules to be covered in training and placement management are as follows: database of industries, vocational training to students for enhancing their knowledge, database of students and their academic performance, arrangement of programmes for soft skill development, guidance to students for written exam, group discussions, and personal interviews. Some of the modules to be covered in alumni management are as follows: database of alumni, networking of alumni, interaction with alumni for different issues like industrial visits, placement, guest lectures, institutional developments, et cetera.