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Advantages and Disadvantages of ERP

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Advantages and Disadvantages of ERP

Post by vipla on Tue Dec 27, 2016 6:51 pm

ERP :advantages and disadvantages

1.Allows easier global integration (barriers of currency exchange rates, language, and culture can be bridged automatically)
2.Updates only need to be done once to be implemented company-wide
3.Provides real-time information, reducing the possibility of redundancy errors
4.May create a more efficient work environment for employees
5.Vendors have past knowledge and expertise on how to best build and implement a system
6.User interface is completely customizable allowing end users to dictate the operational structure of the product

1.Locked into relationship by contract and manageability with vendor - a contract can hold a company to the vendor until it expires and it can be 2.unprofitable to switch vendors if switching costs are too high
3.Inflexibility - vendor packages may not fit a company's business model well and customization can be expensive
4.Return on Investment may take too long to be profitable
5.Implementations have a risk of project failure


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