There are a few factors that determine whether an ERP project succeeds or fails. Poor planning, a lack of consultant or function specialist, a disorganized structure and a variety of other factors can cause ERP failure. Lack of information, research and lack of visibility also leads to ERP deployment failure, as the system is unable to identify errors.
There will be several restrictions in terms of ERP implementation, while working with a limited budget. These limitations might not be good for further scalability. Low budget ERP may cause some crucial limitations such as gap in features, lack of compliance with functional requirements, inexperienced consultants and among others.
In an ideal ERP, all data from all types of software modules could well be stored in a single database. It can help a business achieve its long and short-term objectives while also meeting its criteria. ERP that is accessible and adaptable for a business is said to be ideal ERP. There are various ERPs that are acknowledged as ideal ERPs in the local and international market, however they are not in any chronological sequence.
An ERP can be the right choice for an organization to make sure the effectiveness of decision making. Generally speaking, if management makes the proper choice, time will be saved and resources will be used to their fullest potential. ERP has figured out the finest method for assembling all the resources in a single database so that they can be used effectively. Instead of doing that, ERP enables its user to quickly and easily access any data with the appropriate authorization.