Inmt 341 - Study guides, Class notes & Summaries

INMT 341 Final Exam Questions and Answers

INMT 341 test 1 with correct answers

INMT 341 Exam 2 Complete Questions And Answers | 100% Rated

INMT 341 EXAM ONE QUESTIONS AND ANSWERS

INMT 341 FINAL EXAM- GRC 1 Complete Questions And Answers

Order to Cash Process -A series of business events that collectively serve to attract customers, help customers select goods and services, deliver the goods and service requested, and collect payments for the goods and services -Also called Order to Payment, Revenue, and/or Sales process -Often viewed as the heart of a company's value chain and is typically the only time the customer directly interacts with the organization -Long term ability of an organization to retain existing customers a...

INMT 341 Test Questions and Answers What are the 3 business processes? - Answer-Procure to pay, conversion, and order to cash What is a business process? - Answer-A collection of related activities performed by a group of stakeholders to achieve a concrete goal. The stakeholders combine different resources and inputs to create an output that is of value to the organization, its stakeholders, and/or its customers. What are the events for the order to cash process? - Answer-- MARKET good...

INMT 341 Exam 1 Study Set Questions and Answers

Procure to Pay Business Process Includes the business events associated with buying, maintaining, and paying for goods and services needed by the organization -Goods and services include: inventory (raw materials and finished goods), services (utilities, insurance, repairs, maintenance, research, development, professional/legal services), supplies, human resources, financial instruments, PP&E, or fixed assets -Referred to as Order to Pay, Purchase to Pay, and/or Expenditure process Primary Ob...

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