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A growing company needs an ERP system so that they can standardize things. However, it is quite costly and time consuming so smaller companies should be careful in investing in it.
Special software to create, maintain and extract needed data without having to create separate files or data definitions.
Models simplify processes and make it possible to study and design certain aspects, concepts or activities
R stands for "real time" to have your information as soon as you need themTo know things as: what is the exact number of inventories, debts, loans...
- Responsible for revenue generation and cost containment- Evaluated on profit or return on investment
Designed to collect transactional data that provides a foundation for preparing internal reports that support decision-making within the enterprise.Includes : o Cost center performanceo Profit center performanceo Budgets analyses
- Functions have exactly one incoming and exactly one outgoing edge.- A function is always followed by an event and vice versa. - Functions usually do not follow each other directly- Trivial events (simple events) can be deleted if this improves the readability of the model. In this case, two functions may follow each other.
Management Information System (MIS) and Transaction Processing Systems (TPS)
Arise through the consumption of production factors that are sourced externally
Arise through the consumption of production factors that are provided internally.
We need to transfer the physical processes into Information System understandable languages, using a tool called "process modelling".
- Temporary cost collector responsible for cost containment, not responsible for revenue generation- Used to plan, collect, and monitor the costs associated with a distinct short-term event, activity, or project
the other resources we need for the production (ex: machines, planes for transportation, resources like HR)
- Master data: provides context to transactions, infos about customer, people working in the company...- Transaction data: is derived from transactions, it has a time dimension and may lose its relevance over time- Organisational data : who did the product, where was the product produced, how did we distribute it, who purchased it, how do we have to spict revenues and costs...
Intra-company processes (between railways) and cross- company messaging (between pools)
- Check Credit- Approve credit- Generate Invoice
- Modern alternative to EPC for process modelling- Increasingly widespread, standard in many countries
x : Exclusive-Or-connector+ : And-connectoro : Or-connector
Input - Processing - OutputDescribe the basic principle and sequence of data processing
Fulfilling a customer order involves a complex set of steps that requires the close coordination of the sales, accounting, human ressources and manufacturing functions.ERP systems integrate the business processes of an entire firm into a single software system that enables information to flow seamlessly throughout the organization.

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