Ques:- Your company installed an ERP system 3 years ago, spending a cumulative $100M to do so. The CEO asks you, was this a financially sound investment?
Asked In :-
Winsoft Technologies India Pvt. Ltd, Hidden Brains InfoTech, Born Commerce, Clear Trail Technologies, Sun Dew Solutions, Energytech Global, RAKUTEN INDIA ENTERPRISE PVT, Grapelime Infotech, Mass Software Solutions, Cyber Infrastructure (P),
Right Answer:
To determine if the ERP system was a financially sound investment, we need to analyze the return on investment (ROI). We should compare the cumulative benefits gained from the ERP system over the past 3 years against the $100M spent. If the benefits exceed $100M, it was a sound investment; if not, it was not financially sound.
To determine if the ERP system was a financially sound investment, we need to analyze the return on investment (ROI). We should compare the cumulative benefits gained from the ERP system over the past 3 years against the $100M spent. If the benefits exceed $100M, it was a sound investment; if not, it was not financially sound.