Designer Wear Shop is a retailer of all types of fashions. Prior to upgrading to full-featured ERP,

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Designer Wear Shop is a retailer of all types of fashions. Prior to upgrading to full-featured ERP, the enterprise tracked its inventory in a spreadsheet and its financial data in desktop accounting software, Sage Live. When the company began doubling sales overtime, management felt its current processes weren't efficient. Spreadsheets couldn't account for changing inventory costs, and the accounting software didn't have the workflows necessary to record the cost of goods sold an important financial function. As a result, Designer Wear Shop team did double data entry manually. To centralize all work in one place, the company's management implemented NetSuite ERP. After a three-week implementation process, changes were immediate, according to team members. Finally, the Designer Wear Shop team was able to: Catch and correct bookkeeping mistakes related to inventory. Stop working with external accountants, growing both unit and income volumes significantly with no extra headcount. Increase sales roughly 50% year-over-year without increasing headcount. Get a more accurate picture of margins and inventory, which helped grow its commerce operation. In light of the above; What is the difference between Enterprise Resource Planning (ERP) and Enterprise Resource Planning systems? Discuss the benefits and challenges of having an ERP system in an organization Describe the various examples of ERP components/functions in organizations What are the various considerations Designer Wear Shop Could have taken note of while evaluating ERP software? Discuss the several implementation approaches Designer Wear Shop could have employed to implement NetSuite ERP. What are the major phases of ERP implementation