Risk Mitigation for SMEs Implementing ERPs

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Date

2019

Authors

Stewart, Tyler

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Publisher

University of Oregon

Abstract

ERP systems offer benefits to businesses through cost reductions, efficiencies, and building competitive advantages (Aversano, Di Brino, Guardabascio, Salerno, & Tortorella, 2015). However, research indicates ERP implementations have high failure rates (Saxena, Dempsey, & Mcdonagh, 2016; Iskanius, 2009). SMEs evaluating ERP adoption face risks different from larger enterprises (Stefanou, 2013). SMEs can make better decisions towards ERP implementations through risk management. This study presents information about ERP implementation risks for SMEs and risk mitigation approaches.

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Keywords

enterprise resource planning, ERP, small and medium enterprises, SME, small business, risk management, risk mitigation, open source ERP, ERP implementation failures, critical failure factors

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