MGMT 320 MGMT320 Assignment 5.3 (ERAU)

MGMT 320 MGMT320 Assignment 5.3 (ERAU)

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 MGMT 320 MGMT320 Assignment 5.3 (ERAU)

Module Review Questions and Exercise

1. List and illustrate the components of an ERP system.

2. Define third-party products and why are they needed?

3. What is an implementation methodology and why is it important in ERP  Implementations?

4. Explain the steps in purchasing an ERP.

5. What is total cost of ownership (TCO) and why should it be a part of the ERP selection process?

6. Contrast the difference between an RFI and RFP.

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