Considering an ERP investment ? When we speak with manufacturing organizations, we note that many of these companies are challenged to take the important step of justifying their ERP investment.
The effort involves determining an expected return on investment, anticipating total costs and fully documenting the business case for investing in a new or upgraded system.
To build an effective business case for ERP, it’s critical to document the business reasons for an investment in ERP, as well as the expected value to offset the cost. Identifying risk is part of the process, as is putting in plans to mitigate risk.
Few organizations can effectively manage this effort alone.
The infographic below showcases the five critical areas to work through when making a business case for ERP.
For further insight, download a guide entitled “Five Considerations for Justifying an Investment in ERP” that leverages Ultra Consultants’ significant experience helping mid-market manufacturers and distributors drive an effective justification process.