Cost Estimate and Accounting in ERP
February 12, 2025
Carlos Ghosn is a 64-year-old French citizen who is the head of three major automobile companies viz. Mitsubishi, Nissan as well as Renault. To people who are familiar with the automobile industry, Carlos Ghosn is not a name that needs any introduction. He is the wonder executive who has rescued automotive firms from the brink […]
Globally outsourcing 3PL Market is growing fast. In the US, the industry is expected to reach over $150 billion as compared to a global estimate standing at $450 billion as per industry experts estimates. Companies aiming for aggressive growth in global scenario recognize the need to partner with 3PL logistics providers to be able to […]
The state of the American economy is deteriorating at a rapid pace. This is large because of the indiscriminate spending being undertaken by the American government. In order to understand the true scale of this spending, let’s have a look at some numbers. In 1987, the entire budget controlled by the United States government amounted […]
The automobile industry all over the world is facing an unexpected challenge. Diesel vehicles which were the star performers in many countries across the world are now rapidly losing market share. Diesel vehicles are being shun by regulators and consumers alike. This has caused problems for many automobile companies around the world. For instance, Jaguar […]
Introduction: What is Systemic Risk and How Does it Affect Business Globalization has brought the world together and the rapid spread of Information Technology or IT has made us all interconnected, networked, and always on in a 24/7 paradigm. This means that the convergence of globalization and IT has resulted in businesses being able to […]
ERP systems are complex, time consuming and expensive. Instances of failure of ERP projects abound including some high ticket failures such as Hershey, (largest chocolate maker of USA), where a SAP implementation was abandoned after three years. There are various “Dos” and “Dont’s” effecting success or failures of an ERP implementation. Some of critical success factors, needing focused initiative, are appended below:
Critical failure factors: Critical factors for failure may be defined as contrary to critical success factors. Some specific concerns of failures are mentioned below:
Success and failure factors encompass pre-implementation planning, phases of implementation and managing post implementation scenario. There are many instances of failures resulting bitter legal battle with the vendor. Although vendor plays an important role, organisations are mostly responsible for success or otherwise of the project.
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