After the preliminary ltering, there are two ways of selecting a vendor:
Competitive bidding
Two-phase acquisition
In competitive bidding, the vendors bid and the most competitive one is awarded the contract provided
he fullls the requirements. In two-phase acquisition, the seleted bidders are asked to do some addi-
tional work on which they are evaluated and awarded the contract. ERP vendors are generally selected
through competitive bidding only.
8.6 PARAMETERS FOR ERP SELECTION
Following factors are considered important for ERP selection:
1. Business process support or functionality: An important ...
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