Cost Estimate and Accounting in ERP
February 12, 2025
What is the Hindu Rate of Growth and is the Indian Economy returning to it? For a long time from Independence to the mid 1980s, the Indian Economy used to grow at 3-4% or at the most, 5% a year. Indeed, in the decades following Independence, economists were fond of saying that India is not […]
Perhaps the most frequently used and the most important type of processes in any company are the operational processes. These are processes which define the primary activities that a company needs to perform in order to successfully execute its business. It is very important to understand the concept of value stream and map the same […]
Business Intelligence (BI) – An ERP product provides hundreds of standard reports, generated weekly or monthly or year end basis which acted as a hardcopy dashboards within the organization. In order to improve report generation functionality, an ERP system provides various report writing tools (such as crystal report writer, safari report writer) as well as […]
Donald Trump has positioned himself to be a populist leader. Although in reality, he is an opportunist leader. He has promised his voters that he will stop outsourcing and protect their jobs from cheap foreign labor. Most political pundits did not believe Trump will be able to achieve anything of that sort. After all, even […]
Business Process Improvement Projects have become a common tool for Organizations to help review their business operational processes from time to time and to bring about necessary improvements. Organizations as well as their processes as well as their markets, customers and products keep changing. In current times, technology is playing vital role in the way […]
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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