What is one key advantage of using a Best of Breed Strategy?

A Best of Breed strategy refers to the approach of selecting the best individual tools or applications from different vendors to cater to specific organizational needs. This strategy allows companies to leverage the most effective solutions for particular business functions rather than relying on a single vendor for all needs.

One key advantage of this strategy is that it provides access to the best features across various offerings. By choosing the highest quality solutions for each specific area (such as CRM, HR, or finance), organizations can enhance their operational efficiency and effectiveness. This leads to better performance in each domain, as they are utilizing the most suitable tools available.

Additionally, the implementation costs associated with Best of Breed solutions can be lower than those of an all-encompassing ERP system, as organizations can opt for specific tools that meet their immediate requirements without the need for extensive customization often involved in larger integrated systems. Thus, organizations may find a combination of lower costs and superior features by adopting a Best of Breed strategy.

While system integration can be a concern with this strategy, the overall advantage lies in the tailored flexibility it offers through specialized solutions. Therefore, acknowledging both the improved functionality and the potential cost-effectiveness outlines why the combination of benefits is particularly advantageous for companies opting for this approach.