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    There Was A Girl Name

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    Valdez, Kaycee M.
    The steps in purchasing an ERP include vendor research, demonstrations and evaluation, needs assessment, developing a request for bid, releasing the request to vendors, analysis and selection, negotiation, and purchase. The ERP selection process generally involves department managers, subject matter experts, end-users, IT staff, and contractors to gather diverse perspectives and ensure alignment with needs. Total cost of ownership, which includes initial and ongoing expenses, should be considered to assess long-term financial implications of a system. Key components of contract negotiation are products/services included, maintenance terms, implementation services, and deliverables.

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    There Was A Girl Name

    Uploaded by

    Valdez, Kaycee M.
    24 views2 pages
    The steps in purchasing an ERP include vendor research, demonstrations and evaluation, needs assessment, developing a request for bid, releasing the request to vendors, analysis and selection, negotiation, and purchase. The ERP selection process generally involves department managers, subject matter experts, end-users, IT staff, and contractors to gather diverse perspectives and ensure alignment with needs. Total cost of ownership, which includes initial and ongoing expenses, should be considered to assess long-term financial implications of a system. Key components of contract negotiation are products/services included, maintenance terms, implementation services, and deliverables.

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    The steps in purchasing an ERP include vendor research, demonstrations and evaluation, needs assessment, developing a request for bid, releasing the request to vendors, analysis and selection, negotiation, and purchase. The ERP selection process generally involves department managers, subject matter experts, end-users, IT staff, and contractors to gather diverse perspectives and ensure alignment with needs. Total cost of ownership, which includes initial and ongoing expenses, should be considered to assess long-term financial implications of a system. Key components of contract negotiation are products/services included, maintenance terms, implementation services, and deliverables.

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    24 views2 pages

    There Was A Girl Name

    Uploaded by

    Valdez, Kaycee M.
    The steps in purchasing an ERP include vendor research, demonstrations and evaluation, needs assessment, developing a request for bid, releasing the request to vendors, analysis and selection, negotiation, and purchase. The ERP selection process generally involves department managers, subject matter experts, end-users, IT staff, and contractors to gather diverse perspectives and ensure alignment with needs. Total cost of ownership, which includes initial and ongoing expenses, should be considered to assess long-term financial implications of a system. Key components of contract negotiation are products/services included, maintenance terms, implementation services, and deliverables.

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    Activity 6

    1. What are the steps in purchasing an ERP?


    The steps in purchasing an ERP include vendor research, high-level vendor
    demonstrations and evaluation, needs and requirements assessment, development of a
    request for bid or proposal, release request for bid to vendors, analysis and selection,
    vendor negotiation (contract review, pricing), and finally, the purchase of the system.

    2. Who generally needs to be involved in the ERP selection process and why?
    The ERP selection process generally involves the participation of various
    stakeholders, including department managers, subject matter experts, end-users, IT
    staff, and contract staff. Involving a wide range of individuals helps gather diverse
    perspectives and ensures that the chosen ERP system aligns with the company's
    needs.

    3. What is total cost of ownership (TCO) and why should it be a part of the ERP
    selection process?
    Total cost of ownership (TCO) refers to the comprehensive cost of owning and
    operating an ERP system over its entire lifecycle. It should be a part of the ERP
    selection process to assess the long-term financial implications of implementing a
    particular system, including initial purchase costs, maintenance, support, training, and
    any other related expenses.

    4. What are the key components in the contract negotiation and licensing?
    Key components in contract negotiation and licensing include defining the
    products and services included in the purchase, specifying maintenance terms,
    determining professional services for implementation, addressing contract life cycle
    management, and clearly identifying deliverables and acceptance criteria. Additionally,
    both parties should establish responsibilities for contract management and authority for
    authorizing changes.

    5. Why is it important in the request for bid process to make the vendors reply in a
    specified format?
    In the request for bid process, making vendors reply in a specified format is
    essential for ensuring consistency, comparability, and clarity in the responses from
    different vendors. This allows for a more effective evaluation and comparison of bids.
    6. Why is communication important in this phase?
    Communication is important in this phase because it helps keep all involved
    parties informed of progress, maintains momentum, and ensures that everyone is
    aligned with the project's goals and expectations.

    7. What is the difference between RFI and RFB?


    The main difference between RFI (Request for Information) and RFB (Request
    for Bid or Request for Proposal) is their purpose. An RFI is used to gather general
    information about potential vendors and their capabilities, while an RFB is a formal
    request for detailed proposals or bids from vendors, specifying the company's
    requirements.

    8. What are the benefits of a bidding process to purchase an ERP?


    The benefits of a bidding process for purchasing an ERP include the potential for
    cost savings, a structured approach to evaluating vendor proposals, the ability to gather
    comprehensive information about vendors, and the opportunity to assess how well
    vendors' offerings align with the company's requirements.

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