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RE: LeoThread 2025-02-09 12:40

in LeoFinance4 months ago

Part 2/10:

Spar Group, which operates on a global scale with distribution, manufacturing, and retail operations, reported a staggering loss attributed directly to its ERP project. The company announced in January 2025 that not only did it waste $100 million on its SAP S4 Hana implementation, but it also faced an additional loss of $1 million in sales. Furthermore, their inability to track and optimize crucial financial metrics such as profit margins led to even more profound operational issues, especially in an industry where margins are notoriously slim.