Question

Study the advantages and disadvantages of ERP. Based on these lists and the other information do you think that installing an ERP system would be worth it, even at a cost of, say $100 million (for a fairly large firm)?

Answer 1

Advantages and disadvantages of Enterprise Resource Planning (ERP)

Advantages:

Better hierarchical control, particularly in substantial organizations, where the volume of data is more than in a little organization.

Duplication of data is maintained a strategic distance from.

Improved correspondence, both inside and remotely.

Organization gainfulness investigation can be done to dissect where costs are higher and where there are more deals.

Improved basic leadership process inside the organization.

The organization can respond better to any unexpected issue or circumstance.

Better utilization of time.

Disadvantages:

The staggering expense of execution and upkeep. (High starting venture)

Adjustment to the equipment in the organization.

It is important to prepare all workers in the organization with the goal that the framework is utilized productively. This is an expense for the organization just as the time and exertion required for it.

Joining with different applications in the enterprise required.

Resoluteness of the framework, since this is a nonexclusive framework.

There are not many specialists in this framework.

On the off chance that the framework isn't connected accurately, it very well may be unfavorable to the organization.