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First, I must admit that you have embarked on an initiative that usually makes people break into beads of sweat. Obviously, you have done your homework well enough before considering this effort. The key element is to get the basics right, and by that I mean the key processes of procure-to-pay, order-to-cash, financial supply chain and reporting.
Here is brief implementation strategy that I would embark on:
1) Get core processes up and running: OTC, PTP, financial supply chain
2) Get basic reporting up and running: BW
3) Get incremental core R/3 functions: ATP, MRP, CO-PA
4) Get BW Analytics built on top of BW
5) SEM (planning functions)
6) APO, Supply-Chain, SRM, SRM
There is no preference for implementation of the technical components like portal, XI, etc., but I would usually do portal after step 3 above.
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