Are the ERP systems discussed in the chapter appropriate for use in all firms? Explain

All firm that wants to maximize profit from data and process integration enabled by their information system should use an ERP systems. Benefits include the removal of unnecessary procedures, enhanced information accuracy, superior processes, and quicker response time to client needs.

An ERP software system can be developed from many suppliers and software components or acquired from a single vendor. A multivendor strategy can enable you to buy the "best in class" of each module. However, this frequently comes at the trade-off of higher costs and resources required to create and integrate the functional modules.

A single-vendor strategy, however, maybe simpler to install, but the features and functionality may not be the best available. ERP systems provide integrated planning across a company's functional areas. ERP also enables integrated performance across functional areas, which is perhaps more significant. Today, the focus is shifting to cross-company planning and execution. ERP systems are used to help with this activity.