Module 2 Flashcards
business process
a collection of events, activities, and decisions that collectively lead to an outcome that brings value to customers
business process management
methods to execute and analyze business processes
order to cash
starts with a customer submitting an order for a product or service and ends with delivery and payment.
name 5 common categories of business processes
- order to cash
- quote to order
- procedure to pay
- issue to resolution
- application to approval
issue to resolution
starts with a customer raising an issue and continues until the issue is resolved.
application to approval
starts with a request for a certain privilege, ends with approval or denial
quote to order
starts with a customer requesting a price quote and ends with a customer placing an order.
procedure to pay
starts with a determination that a given product needs to be purchased, ends with delivery and payment
name the 4 ingredients of a business process
- events
- activities
- decision points
- outcome
event
happens instantaneously (e.g. arrival of equipment).
activity
number of activities can be triggered by events. activities have a duration (e.g. checking equipment).
outcome
the execution of a process leads to an outcome
decision point
point in time when a decision is made that affects business processes
business process model and notation
widely used standard language for process modelling
what are the roles of algorithms
- assign tasks
- make processes more efficient
- reduce costs