The issue of whether or not to adopt an organization-wide ERP system remains a tricky question for growing businesses—and for good reason. According to Manufacturing Business Technology Magazine, 75 percent of ERP implementation projects end in failure, while 74 percent run over budget.
With outcomes like these, business owners and decision-makers likely find themselves wondering, “Why is ERP so important?” and “Is it worth the risk and cost?”
In this article, our aim is to help your business approach enterprise resource planning assessment from a position of knowledge. To that end, we cover the following sections:
- The advantages of ERP
- The disadvantages of ERP
- ERP cost considerations
- Who uses ERP
- How to decide if your business needs and ERP
First, let’s see what benefits can be gained from ERP adoption.