MCS 2020 Chapter Notes - Chapter 2: Business Process Model And Notation, Object Management Group, Business Process

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 2020
• Professor: Nicole Mc Callum

Document Summary

Chapter 2 business processes and decision making. A business process is a series of activities, tasks, or steps designed to produce a product or service. Sometimes it is referred to as a business system. Enterprise resource planning (erp) systems are used by many organizations to support their business processes. Inventory management processes: manufacturing processes, sales processes, customer support processes too much inventory with the inventory purchases from suppliers. Managing inventory is a business process and the goal of it is to ensure that there is. The inventory management process works to balance the demands of customers. Sales and inventory elements are often considered part of a (cid:498)supply chain(cid:499) enough inventory to fulfill customers" request while making sure that there is not. Reorder point is when stock in inventory hits a critical point time to order new. An inventory database keeps track of what the customers have ordered (quantity ordered) and what is currently in inventory (quantity on demand) supplies.