Across
- 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.
- 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.
- 5. this function oversees the day-to-day operations of the business and is responsible for producing goods or delivering services efficiently.
- 8. are specific sets of activities that are carried out to achieve a particular business goal.
- 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.
- 11. This function involves activities related to promoting and selling products or services. It includes market research, advertising, branding, sales, and customer relationship management.
- 14. ERP systems integrate data and processes from various departments, eliminating data silos and improving data accuracy and consistency.
- 16. is responsible for recruitment, employee onboarding, training and development, payroll, benefits administration, and ensuring compliance with labor laws and regulations.
- 17. are broad areas of responsibility within an organization, such as marketing, finance, and HR.
- 18. ERP systems enforce standardized business processes across the organization, promoting best practices and consistent operations.
Down
- 1. Monitoring project progress, resource allocation, and budgeting.
- 3. This process encompasses the stages involved in creating a new product, from conceptualization to design, testing, and launch.
- 6. Business processes often cut across various functions. For instance, the order-to-cash process involves coordination between sales, finance, and operations functions.
- 7. ERP systems are designed to grow with the organization, allowing businesses to expand their operations without significant disruptions.
- 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.
- 12. Business functions are managed by specific departments or teams, while business processes involve multiple stakeholders collaborating to achieve a particular outcome.
- 13. Business functions are ongoing and long-term in nature, while business processes are often temporary and executed for specific objectives.
- 15. Handling employee information, recruitment, onboarding, training, performance management, and benefits administration.