What is an ERP system?

Technology core of ERP: A

single integrated database.
What is the main problem
solved by ERP systems?
What are the two key
benefits of ERP systems ?
Does ERP strengthen or weaken
competitive advantage ?
Big Bang Implementation
Vs
Gradually module by Module
Should we implement all the
modules or only certain modules?
Sequence in which to implement ?
Should we roll out globally or a
few regional units?
Level of local customization you
should allow?
Best of breed applications
or
A single vendor ERP solution.
How to measure the Payoff of
an ERP system ?
Why IT payoff is difficulty to
measure ?