Applying Pareto’s Principle to ERP Selections

The Pareto principle (also known as the 80-20 rule), states that, for many events, roughly 80% of the effects comes from 20% of the causes. The principle was developed to explain income and wealth distribution in Italy. This principle has evolved into a “rule of thumb” in business. In the software industry the Pareto principle has been applied to several areas:

Bron : ERP the Right Way!
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