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Key Business Process
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Those central processes within a business that are broadly
understood as vital to the business. These key processes are always
supported by core competencies.
Ironically, the carrying out of these Key Business Processes is
usually scattered among various organizational units, so that smaller
functional processes that can be run by tan individual organizational
unit, viz. the accounting system, are more visible than the real Key Business
Processes!
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Process Map
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A visual explanation of how the business process works
when it is working well. The Process Map almost always takes the form
of a flowchart.
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PLM,
Product Line Management
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A business process that manages all of the products offered
in a product line portfolio. These portfolios typically include products
that compete with each other, as well as products that may be offered and
used synergistically.
Also called Product Portfolio Management.
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PLCM (or PLM),
Product Lifecycle Management
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Originally, a term used in much the same way as Product
Line Management (above). PLCM, or simply PLM, is now being used by
software vendors to describe software systems that enable managing
the lifecycle of individual products.
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NPD,
New Product
Development
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A business process that typically includes establishing
product targets, building prototypes, testing, developing marketing plans,
and frequently includes earlier and later steps as well.
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Supply Chain
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A business process that always includes the acquiring
or manufacturing of the goods or services and their delivery to customers,
and frequently includes earlier and later steps as well.
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Value Chain
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An analysis of the chain of production from raw materials
to final application which describes where value is added in the manufacturing
chain. Value Chain is usually a financial analysis rather than a business
process.
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Strategic Planning
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A business process that allocates resources accross the
range of activities in existing strategic business units (SBUs) and opportunities
in new markets.
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Business Development
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A business process that creates new pieces of business
for a company or business unit. Usually these efforts must be above
a certain size or be conceptually different from existing businesses.
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Core vs. Contextual Processes
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A management theory that "core" processes are specialities
that differentiate one from competitors, while "contextual" processes are
effectively commodities that everyone has. The follow-on is that contextual
processes should be outsourced to reliable vendors.
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MRP,
Materials
Requirements/
Resource
Planning
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Computerized prediction and control systems that attempt
to utilize manufacturing capacity while minimizing inventory levels at all
stages of the manufacturing process.
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Class A,
MRP II Class A
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An operations or supply chain certification that requires
that all functions in an organization are engaged in materials requirements
Planning. This includes the developing of new products and that product
targets are derived from customer needs. Both internal and external are
active in the development process.
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ERP,
Enterprise Resource
Planning
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Forecasting the needs of, and organizing the resources
of, an entire organization in carrying out its strategies. The term was
basically invented to support the concept that computer software could potentiate
such integrated planning and compete with compartmentalized techniques.
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Taylor, Taylorism,
School of Scientific
Management
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Frederick Wilson Taylor is ultimately the grandfather
of understanding the modern business as a network of processes that could
be defined, studied and improved. Taylor's ideas unfortunately were
taken to mean that workers should be forced to work harder and faster.
His real intent was that organizations should work smarter.
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Disagree with our definition? Send us yours!
This is how the language is built.
TheInnovators@Inngenuity.com
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