Question

In: Economics

Link the following steps logically based on business processes, assuming the company does not have any...

Link the following steps logically based on business processes, assuming the company does not have any inventory right now. You may use the same words several times. Also, you may connect one word to several words.

E.g.

Availability Check, Completion Confirmation, Demand Management, Goods Issue,

Goods Receipt, History of sales, Invoice Receipt, Invoice, MPS, MRP, Order Settlement,

Outbound Delivery, Packing, Payment Receipt, Payment, Picking, Planned Order,

Production Order, Purchase Order, Purchase Requisition, Reservation, Sales Order,

SOP, Transportation

Solutions

Expert Solution

Basic Steps of Business Process Implementation :-

Step 1: Define Your Goals

At this stage, you will first define the basic purpose of the process as well as the reasons for creating it.

Step 2: Plan and Map Your Process

Here you ruminate on effective strategies you can adopt to achieve the set goals

Step 3: Set Actions and Assign People that will handle it

Who are the best individuals to handle the tasks? What are the machines they will need to execute the plan? These and more are what you will make decisions about here

Step 4: Test the Process

The goal here is to first scrutinize the process at a low-key level and see how it faired.

Step 5: Implement the Process

If you are convinced with the results you get after testing the process, then it is time to run it on a global level. At this stage, you must communicate properly with all those who will be handling the tasks and you will also need to train them for better results.

Step 6: Monitor the Results

Try reviewing the process and check for any threats it may later bring, and find a way to mitigate the risk.

Step 7: Repeat

If you were able to achieve the set goals with the process, continue to replicate it and always track its effectiveness and progress along the line

EXAMPLE -

STEP- 1

Availability Check, Completion Confirmation, Demand Management, Goods Issue,

STEP- 2

Production Order, Purchase Order, Purchase Requisition, Reservation, Sales Order,

STEP -3

Goods Receipt, History of sales, Invoice Receipt, Invoice, MPS, MRP, Order Settlement,

STEP -4

Outbound Delivery, Packing, Payment Receipt, Payment, Picking, Planned Order,

STEP-5

SOP, Transportation

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