Justifying ERP As Strategic Business Initiative Amulti-dimensional Analytical Framework

S. Padmanaban

Paradigm, 2005, vol. 9, issue 1, 1-7

Abstract: Enterprise Resource Planning (ERP) systems have become a buzzword in the business world again. Investing in one has become almost an inevitable strategic initiative for businesses today. But justifying such investment involves analysis and consideration of a number of complex factors along different dimensions. Beginning with choice from among the many options and versions available, to adopting it effectively and efficiently to secure the anticipated benefits [tangible and intangible], there is a plethora of daunting issues and challenges to be faced by the enterprise. Going beyond the conventional economic justification models like NPV, IRR, and Option Pricing, this paper develops and presents a multi-dimensional framework [applicable pre-ERP through ERP phases] to help the CEO and CIO in justifying ERP as strategic business initiative.

Keywords: ERP, TCO [total cost of ownership]; TCOP [total cost of operations]; SIRO [strategic initiative with real options]; IIS [integrated information system]; MIS; EIS [Executive Information System]; OPS [Operations System]); DSS [Decision Support Systems]; Expert Systems.[CRM] Customer Relations Management; [SCM] Supply Chain Management; DM [Data Mining]; BI [Business Intelligence]; BPR [Business Process Reengineering] (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:sae:padigm:v:9:y:2005:i:1:p:1-7

DOI: 10.1177/0971890720050102

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