Discuss the below:
Implementing an ERP System Blue Dog Inc. is a leading manufacturer in the high-end sunglasses industry, reaching record revenue levels of over $250 million last year. Blue Dog is currently deciding on the possibility of implementing an ERP system to help decrease production costs and increase inventory control. Many of the executives are nervous about making such a large investment in an ERP system due to its low success rates. As a senior manager at Blue Dog Inc. you have been asked to compile a list of the potential benefits and risks associated with implementing an ERP system along with your recommendations for the steps the company can take to ensure a successful implementation.