You shall draft a concise memo to Fiona's Fireworks senior management to summarize the key considerations, challenges, concerns and potential risks surrounding the purchase and installation of a new ERP software package. Also, succinctly explain the advantages and disadvantages relating to different implementation approaches and include some brief, general recommendations for senior management to consider

Case Background: Fiona's Fireworks, LLC, is a small manufacturing company that has been in business for over 3 years, with annual revenues now exceeding $10 million. With the continued success of the business and the expectation of increasing customer demand, the company's senior management is considering implementation of a new Enterprise Resource Planning (ERP) system to better integrate the functions across the enterprise and "scale up" to meet the needs of its growing operations. You work for the company controller, and you've been tasked to conduct initial research into available ERP solutions and document a brief report to inform the company's management of relevant issues so they can make an informed decision as to how to best proceed.