ERP Project Justification: Return on Investment (ROI)
When it comes to unlocking your business potential, ROI analysis is a key component. But knowing what direct and indirect costs of the project and being able to anticipate all the benefits can be a challenge. Of course, every company is unique and will have different costs and benefits—but having a handle on both initial purchase and implementation costs, as well as ongoing costs, will help you come out in the black after everything is balanced.
As the ROI guide describes, all benefits from ERP flow from these improvements:
- Greater coordination of resources to deliver the right products in the right quantities at the right time
- Greater visibility to demand and schedules
- Better management of workflow and production schedules
- Closer management of materials, equipment, and personnel
A realistic projection of ROI can also help you better understand the benefits your company can look forward to by investing in your business technology. The ROI guide will ensure you don’t overlook an essential component in understanding how ERP can help you excel. Download now to learn more: