Question: Illustrate (make clear by giving examples) 3 potential issues that a company needs to prepare for when implementing an ERP system (40 points): Define and

Illustrate (make clear by giving examples) 3 potential issues that a company needs to prepare for when implementing an ERP system (40 points):

Define and describe the components of an ERP system.

Illustrate (make clear by example) the 3 main costs associated with an ERP implementation.

Argue (make a case by appropriate evidence) why it is crucial for a company to prepare for potential issues when implementing an ERP system. Next, highlight 3 reasons for failures of ERP implementations and explain how those issues can be addressed.

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