Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Erp functions
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3. Marketing and Sales Function Sales Order Product data and Order Status Sales Forecasts and Sales Order Order Status Cost /Profit Analysis Sales order data Legal Requirements Hiring needs
4. Supply Chain Management Function Legal Requirements Hiring needs Product data and Order Status Sales Forecasts and Sales Order Prod. Plans, materials and Inventory Order for new R/m and Packaging R/m Availability and delivery Sales data and Manufacturing cost Analysis
5. Accounting and Finance Function Legal Requirements, Payroll and benefits exp. data Hiring needs and emp. Info. Cost/profit Analysis Sales order data Prod. Plans, materials and Inventory Invoices and Credit Memo Payments Sales data and Manufacturing cost Analysis
6. Human Resources Function Legal Requirements and Job Info. Hiring needs and emp. Info. Legal Requirements and Job Info. Hiring needs and emp. Info. Hiring needs and emp. Info. Legal Requirements, Payroll and benefits exp. data
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Editor's Notes
A business process is a collection of related structural activities that produce a specific outcome for a particular customer. A business process is a recipe for achieving a commercial result. Each business process has inputs, method and outputs. The inputs are a pre-requisite that must be in place before the method can be put into practice. When the method is applied to the inputs, then certain outputs will be created. A business process can be part of a larger, encompassing process and can include other business processes that have to be included in its method. A business process can be thought of as a cookbook for running a business; "Answer the phone", "place an order", "produce an invoice" might all be examples of a Business Process. 2
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