Define each of the key terms listed below. These terms can be located in the rea

Question

Define each of the key terms listed below. These terms can be located in the reading material. Upload the completed document to Blackboard.

Business Process: (the process which start with goal and ends with achievement the goal)

Configuration

Controlling (CO)

Data:(bunch of information that you collect to analysis or use for specific reason)

Effective:(illustrates how well a process achieved the organizational goals with which it is aligned)

Efficient:(how we did in our standard process from the standpoint of time, quality and resources being consumed)

Enterprise Resource Planning (ERP):

Financial Accounting (FI)

Functional Silos: (It is an individual business work which is separated to sub gatherings and has its own particular systems and works parallel with different associations)

Human Capital Management

Information:(any single thing that you think is an important to know about a specific thing)

Information System: (is a software that you allow to save, organize, and analyses data)

Integration:(the demonstration or process or an occurrence of coordinating)

Inventory Management (IM)

Latency

Manufacturing Execution (ME)

Module

Procurement (MM)

Non-value added activities

Production Planning (PP)

Sales and Distribution (SDSAP

Shared Devices

Value-added activit

Explanation / Answer

a) Business Process - Process is a set of activities which are synchronized and sequential in order to achive some predetermined objective. On other hand, business is producing/manufacturing/buiying and selling in order to make profit for ones' living. Every business has its own objective andpredefined goals. Hence any set of sequential activities which are done in order to achive some predetermined business objectives is business process.

b) Configuration is a structure of parts or elements of something in some fixed combination/patterns/figure which allows the sytem to work.

c) Controlling - Controlling is function of managemnet to assess activities, identifies flaws and correcting them through comparing it with benchmarks. IN other words it is process of making a system drive in correct direction or on right path.

d) Data - Data refers to some facts and figures which is in raw and unorganized form which once gets organized or processed leads to meaningul information.

e) Effective - A system is effective when it is able to achieve its goal. In other owrds effectiveness is gatting what is decided as result by whasever means.

f) efficeincy - It is acheiving predetermined end results in optimal manner. Optimal manner is the best way through which some thing could be achived. In other words with minium resources maxiumum result.

Note: Kindly post four subparts only per questions as per rule. Yet i have answered more than that.

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