Karachi Institute of Economics and Technology – City Campus

Course: Enterprise Resource Planning

Faculty: Ebadullah Choudhary
Class ID: 108071 Total Marks: 05
Examination: Assignment-2 Due Date: 12-12-2021

Student Name: HASNAIN SAATI Student ID: 10842

Find out the answers of the following questions.

1. How much does an ERP system cost?

2. Should every business buy an ERP package?

3. Is ERP software inflexible?

4. What return can a company expect from its ERP investment?

5. How long does it take to see a return on an ERP investment?

6. Why do some companies have more success with ERP than others?

QUESTION NO 1

An ERP system is a system of data collection system which is based on the data base system it an
provide complete information about internal or external information related to your company or
organization

It may be cost 75000$ to 10 million$ so it is million dollars project which is useful for any company

Question NO 2

It is necessary for any company to save their data without any fault and without any misplace of data and
to watch every thing what ever happening in company

As a company growing and there is large amount of data is generated and data source track managing all
that information across multiple platform becomes costly time consuming and prone to mismanagement

So its is necessary to all grow8ng business to buy ERP system to be up to date and track data

QUESTION NO 3
Some ERP system are more customizable then others but in a nutshell what you expect when you
implement an ERP is usually a system that is uncommonly flexible compared to any other application
system being flexible is the part that ensure that the ERP can adapt to changes in your business

It is not necessary that ERP is the field that is always flexible sometimes it is but not every time

QUESTION NO 4

Company which invests million of dollars to implement this system they expect that the system what they
are buying it will help them to reduce cost and save time and make work faster so they can expect many
things from the implementation of the ERP system

QUESTION NO 5

ERP can be implement between 3 months to 1year plus because it is the heavy work and biggest data
base so it will take some time to implement in a perfect way to it may be take 3 months or forward it to 1
year plus

Question no 6

Some companies are more successful then other to implement ERP system because they got some great
software and some great training With good employees who understood this system perfectly so this is
the reason why some companies are more successful to implement ERP