Why do organizations perform business processes?
→ to reach strategic business goals
How is a business event related to a business process?
→ By analyzing business events, we can more easily identify the data needs of a business
process.
Name and describe the three core interdependent bus...
BUAD 342 EXAM 1 QUESTIONS AND
ANSWERS 2024/2025
Why do organizations perform business processes?
→ to reach strategic business goals
How is a business event related to a business process?
→ By analyzing business events, we can more easily identify the data needs of a business
process.
Name and describe the three core interdependent business processes that are common to all
organizations.
→ Procure to Pay (selling)
→ Order to Cash (buying)
→ Conversion (making)
Name and describe the four common business events for the business process Order to Cash.
→ 1) provide a quote to the customer (and other forms of marketing and customer
service)
→ 2) negotiate a sales order with a customer (a pre-sale event)
→ 3) deliver goods or services to the customer (the sale)
→ 4) receive payment for goods/services from the customer
Name and describe the four common business events for the business process Procure to Pay.
→ 1) identify a need for goods or services (including monitoring inventory levels) and
possibly request purchase
→ 2) negotiate a purchase order with a vendor (a pre-sale purchase event)
→ 3) receive goods/services from a vendor (the purchase)
→ 4) pay a vendor for goods/services
Name and describe some common business events for the business process Conversion.
→ - assembling a product
→ - growing a crop
→ - transforming knowledge into valued intellectual property
→ - steps in educating or training
→ - discovering (e.g. research and development activities)
Business Process
→ collections of related activities that combine different resources and inputs to create
valuable outputs (including products or services)
Business Event
→ activities performed within a business process
Decomposition (decompose processes)
→ the way that business processes are simplified
→
→ break down processes into pieces called events
Economic Event (a business process event)
→ the transfer of control of an economic resource from one party to another
For Profit Organizations
→ generating a profit is the primary objective
Examples of For Profit:
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