Cost considerations are key in the ERP system selection process because they influence the affordability and overall value of the investment. It’s important to look at the total cost of ownership, which includes not just the initial software licensing fees but also implementation costs, hardware investments, training, and ongoing maintenance expenses. Understanding these costs helps businesses budget effectively and evaluate the potential return on investment. While cost is a significant factor, it should be balanced against the system’s features, scalability, and the long-term benefits it offers to ensure a decision that supports the business’s needs and growth potential.