Chapter 2: Automation Flashcards
Operational Business Processes
Static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes
Operationalized Analytics
Makes analytics part of a business process
Business Process Improvement
Attempts to understand and measure the current process and make performance improvements accordingly
Automation
The process of computerizing manual tasks
Streamlining
Improves business process efficiencies by simplifying or eliminating unnecessary steps
Bottleneck
Occur when resources reach full capacity and cannot handle any additional demands
Redundancy
Occurs when a task or activity is unnecessarily repeated
Business Process Reengineering (BPR)
Analysis and redesign of workflow within and between enterprises
Strategic Business Processes
Dynamic, non-routine, long-term, business processes such as financial planning and expansion strategies.