Study the advantages and disadvantages of ERP. Based on these lists and the other information provided in the chapter 14, 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)?
Advantages and disadvantages of ERP
Enterprise resource planning or ERP is an information system solution that can manage all the department of a big company and make their processes efficient.
Some of its advantages are that it is used to optimize business processes. It makes the access to reliable information about system processes quick and easy.
Some its disadvantages are that it is a costly task to install the ERP. If the internal departments refuse to share information, ERP might become inefficient.
I think that for a cost of $100 million, an ERP would only be feasible for companies like Google, Facebook or Amazon. Not for companies less in volume than them.