We are about to make a huge decision and change of ERP. The current solution is outdated and failing on us. The burning question is: Do we buy a solution like SAP, PeopleSoft, Oracle or do we extend our already existing sales software with ERP functionallity ?
As I just said, we already have a custom software solution which is being used in almost the whole company. We also have 3 developers working on this. We are only interested in the financial/accounting part of an ERP system, so I am not talking about a complete ERP.
The other option is to buy an ERP system and come up with some kind of interface between our sales software and the ERP system. According to SAP this is possible.
I came up with some pros and cons:
- 100% fits business needs
- Cheap customization
- 1 solution for the entire company
- Flexibility in future changes
- Low initial investment
- We can make it so that the people using it don't have to change the way they are used to work.
- Faster implementation
- Less risk
Build vs. Buy Analysis
I already have some pros and cons listed, but don't have a formal risk assessment. What is a workable process for comparing a build vs. buy decision for this type of project?