Learning Unit 1

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Across
  1. 2. Business functions encompass multiple processes that align with their respective areas. For example, the finance function includes processes like budgeting, financial reporting, and auditing.
  2. 4. is a software system that integrates and manages various business processes and functions across an organization into a unified and centralized system. ERP systems provide a comprehensive suite of applications that facilitate the flow of information and streamline business operations, enabling efficient decision-making and resource management.
  3. 5. this function oversees the day-to-day operations of the business and is responsible for producing goods or delivering services efficiently.
  4. 8. are specific sets of activities that are carried out to achieve a particular business goal.
  5. 10. focuses on innovation and creating new products or improving existing ones. It involves research, testing, and development efforts to stay competitive and meet customer demands.
  6. 11. This function involves activities related to promoting and selling products or services. It includes market research, advertising, branding, sales, and customer relationship management.
  7. 14. ERP systems integrate data and processes from various departments, eliminating data silos and improving data accuracy and consistency.
  8. 16. is responsible for recruitment, employee onboarding, training and development, payroll, benefits administration, and ensuring compliance with labor laws and regulations.
  9. 17. are broad areas of responsibility within an organization, such as marketing, finance, and HR.
  10. 18. ERP systems enforce standardized business processes across the organization, promoting best practices and consistent operations.
Down
  1. 1. Monitoring project progress, resource allocation, and budgeting.
  2. 3. This process encompasses the stages involved in creating a new product, from conceptualization to design, testing, and launch.
  3. 6. Business processes often cut across various functions. For instance, the order-to-cash process involves coordination between sales, finance, and operations functions.
  4. 7. ERP systems are designed to grow with the organization, allowing businesses to expand their operations without significant disruptions.
  5. 9. This function manages financial transactions, budgeting, financial reporting, and analysis. It ensures that the organization's financial resources are well-managed and accounted for.
  6. 12. Business functions are managed by specific departments or teams, while business processes involve multiple stakeholders collaborating to achieve a particular outcome.
  7. 13. Business functions are ongoing and long-term in nature, while business processes are often temporary and executed for specific objectives.
  8. 15. Handling employee information, recruitment, onboarding, training, performance management, and benefits administration.