selling "things" event
→ Order to cash process
Order to cash process
→ 1. market (market goods or services)
→ 2. negotiate (negotiate terms of a sales order)
→ 3. select and inspect
→ 4. prepare (prepare goods/services for delivery)
→ 5. deliver (deliver goods/services to custo...
→ collecting data
→ at its point of origin in digital form
example of source data automation (SDA)
→ ·Magnetic Ink Character Recognition (MICR) (such as those on checks)
→ ·Bar Code Reader/Scanner
→ ·Optical Character Recognition (OCR)
→ ·Magnetic Strip on credit cards
→ ·Credit card chips
→ ·RFID - radio frequency identification devices
→ ·Touch screens
→ ·Voice recognition & other biometrics devices
EDI- Electronic Data Interchange
→ (Electronic Data Interchange) when two business companies collaborate to work
together a lot of data exchange takes place- bills, invoices, payment documents,
shipping details (no humans involved)
How is data stored?
→ DBMS- database management system
DBMS
→ Database management system, a software suite designed to organize and search
data.
→ These keys uniquely identify each record in the table and are chosen at the time of
table creation
foreign keys
→ A column or group of columns used to represent relationships. Values of the foreign
key match values of the primary key in a different (foreign) table.
Understanding Business Process Needs
→ 1. What is the business process?
→ 2. What persons, places, things and events you want to keep data about. We call
these entities.
→ 3. If, and how, these entities are related.
→ 4.The characteristics that describe the entities. We call these characteristics attributes.
Which of the following is not a typical event in the Procure to Pay business process?
All of these are typical events in the Procure to Pay process.
Identify a need
Receive and Inspect Goods/Services from a Vendor
Deliver Goods/Services to Customer
Store and Maintain Goods
→ Deliver Goods/Services to Customer
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