Ted isn't sure if he should implement an Enterprise Resource Planning (ERP) solution. Identify and explain three benefits of an ERP for Old Dominion Trail Bikes. Identify and explain two important considerations in implementing an ERP. Reduced lead times Improved inventory system Customer satisfaction and faster decision making9). If Ted implements an ERP for Old Dominion Trail Bikes, he will need to know if the project was successful. List and explain three metrics (or measures) you can use to determine whether the project was a success. Inventory numbers: If the company's inventory levels change negatively or positively, the ERP implementations have been a success New customer conversion: If the customer conversion rate improves, the ERP would have led to these improvements. Objective: The company can determine whether objectives are achieved. Positive and/or negative performances should be analyzed 10). Since neither Ted nor any member of his staff has any experience with information technology, list and explain five things he should consider or address as he proceeds with his IT projects. Costs: The cost associated with the project is significant to the success of the project. Management should ensure that costs are correct