Answer:
Cost-benefit analysis
Step-by-step explanation:
The company needs a cost-benefit analysis in considering whether to install an ERP system or not. The company should evaluate its strengths and weaknesses in deciding to pursue it or not.
The company must consider the benefits it will get while not compensating the quality. It should be able to assess whether the savings will benefit the company.
Cost Benefit Analysis is constructed by defining the advantages of an option as well as the related expenses and subtracting the advantages from the expenses.
Once finished, a cost-benefit analysis will produce tangible outcomes that can be used to draw logical conclusions about a choice or option's feasibility and advisability.