MIS 304 Exam 3 (100% Accurate Answers)

Traditional business functions correct answers - Marketing and sales - Supply chain management - Accounting and finance - Human resources - not distinct independent, but highly interrelated - cross boundaries of business functions What happens when you shop at Amazon? correct answers - Create customer record and create order transaction with card information - Warehouse takes order and packages and ships Order-to-Cash correct answers - traditional sales model - selling goods then collecting revenue 1. Create customer record 2. Check credit 3. Create order 4. Allocate stock 5. Pick, pack, and ship 6. Prepare and send invoice 7. Collect payment Functional Areas: - Marketing and sales - Accounting and finance Procure-to-Pay correct answers - process of ordering goods or services and paying for them 1. Negotiate price and terms 2. Issue purchase order 3. Receive goods 4. Receive invoice 5. Settle payment Functional Areas: - Supply chain management - Accounting and finance - Manufacturing and operations Make-to-Stock/Make-to-Order correct answers - process of manufacturing goods either based on forecasts or orders Make-to-Stock (push)