List and illustrate the components of an ERP system

List and illustrate the components of an ERP system

Subject: General Questions    / College life    


Part 1: Answer the module review questions listed below. These questions were chosen to demonstrate your understanding and help you assess your progress.

    List and illustrate the components of an ERP system.
    Define third-part products and why are they needed?
    What is an implementation methodology and why is it important in ERP implementations?
    Explain the steps in purchasing an ERP.
    What is total cost of ownership (TCO) and why should it be a part of the ERP selection process?
    Contrast the difference between an RFI and RFB.

Part 2: Using the below elements of TCO, create two scenarios; the first where the TCO is in favor of in-house development; and the second scenario, where TCO is in favor of a software acquisition through a vendor.

    License & Subscription
    Installation & Set-up
    Customization & Integration
    Data migration
    Maintenance & Support

Part 3

Defined and documented functional requirements are a part of the bid process. Discuss why this would be beneficial in the selection of an ERP system even if a bid is not required. Justify your answer.

Part 4

        Microsoft Dynamics is a collection of popular ERP system used by many organizations. Dynamics offer five primary products, each includes one or more model. The primary products are: Microsoft Dynamics AX, Microsoft Dynamics GP, Microsoft Dynamics NAV, Microsoft Dynamics SL, and Microsoft Dynamics CRM.



    Write a minimum of three (3) page research report, using current APA formatting. The report should cover:

    the previously listed MS Dynamics ERP systems,
    a description of each ERP,
    list and description of each associated models,
    intended purpose of each ERP and model(s),
    pricing, and
    other relevant technical and functional data.

At the end of the report, create a separate section and write your own reflection of MS Dynamics. Your report should include proper references.
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