Lecture 9 (1).pptx - Implementing ERP Systems In this module Understand the implementation of ERP systems Implementing ERP Systems ERP systems • •

Lecture 9 (1).pptx - Implementing ERP Systems In this...

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In this module Understand the implementation of ERP systems Implementing ERP Systems
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ERP systems: Implementation of ERP is an ongoing process Implementation of ERP is challenging too; as cost and time is involved Also the change in the way of doing things makes it more challenging Implementing ERP Systems
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ERP systems implementation: The implementation of ERP systems was a major challenge in late 1990s Implementation was hampered by a lack of experienced consultants Implementing ERP Systems
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ERP systems implementation: Since 2000, the pace of implementations has increased significantly Most Fortune 500 firms have implemented ERP systems Implementing ERP Systems
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ERP systems implementation: Current growth is in small to midsize business market New products include Microsoft Dynamics and SAP ERP system Implementing ERP Systems
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Many firms are looking to leverage their ERP investments by improving business processes Implementing ERP Systems
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In this module Discuss the costs of implementing ERP systems ERP Systems Costs
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ERP Systems’ Costs: The ERP system doesn’t only comes with major changes but with major costs as well ERP implementation is expensive Usually ranging between $1 million - $10 million, depending on company size ERP System Costs
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ERP Systems’ Costs: Software licensing fees Consulting fees Project team member time Employee training Productivity losses ERP System Costs
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ERP Systems’ Costs: Software licensing fees: most firms charge annual fee based on no. of users Consulting fees: implementation requires experienced consultants with extensive experience ERP System Costs
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ERP Systems’ Costs: Project team member time: key people’s participation in implementation is
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