Question

List 5 business processes

Answer 1

A business process is series of steps performed by a group of stakeholders to achieve a concrete goal. These steps are often repeats many times, some times by multiple users and ideally in a standardized and optimized way. A business process can be manual or automated. If manual the process is achieved without the aid of an automation or assisting technology. If automated a technology aid has been put into place which assists users in implementing the process in a more accurate, standardized or optimized Manner.

A business process can often be visualize as a flow chart or work flow of logical steps. Business process management is the discipline which attempt to formalize this method

Business processes span industries both vertical and horizontal and can any type of business operations. Example includes

Manufacturing: an product assembly priproc, a quality assurance process, a corrective/preventive process

Finance: an invoicing process, a billing process, a risk management process

Health: a medical assessment, a drug approval process

Banking: customer on boarding, credit check

Travel: trip booking, agent billing

Compliance: a safety audit, a legal check

Public sector: application for government service

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