The Acquisition/Payment Process

1
CHAPTER 7

• The Acquisition/Payment Process

2

• The acquisition/payment process includes the
  business events associated with buying,
  maintaining and playing for goods and services
  needed by the organizations.
• Objective of the acquisition/payment process is
  to provide needed resources for the
  organizations conversion processes when they are
  needed.
• Organizations acquire a variety of goods and
  services. These include inventory, supplies,
  human labor, property, plant, equipment and fixed
  assets.

3

• Request for Goods/Services (Monitor Need) Events
• Event description
• Event risks
• Events Documentation Real Data Maintenance
• Examples of Information Outputs
• Purchase Goods/Services Events
• Event Description
• Events Risk
• Event Documentation
• Real Data Maintenance
• Examples of Information Outputs
• Receive Goods/Services Events
• Event Risk
• Event Documentation
• Real Data Maintenance
• Examples of Information Outputs

4

• Disburse Cash Event
• Event Description
• Event Risk
• Event Documentation
• RAL Data Maintenance
• Examples of Information Outputs
• Decision Support Requirements of The
  Acquisition/Payment Process
• Traditional information customers for a typical
  acquisition/payment process include top
  management, buyers, receivers, accounting,
  treasury and vendors.
• The primary internal agents who perform the work
  of this process are buyers, receivers and
  disbursement clerks.
• Selecting the vendor is perhaps the most critical
  aspect of the buying decision
• Continuous improvement ideas relating to the
  acquisition/payment process

5
EXHIBIT 6-4 Traditional Automated
Sales/Collection Process Flowchart-Shipping
6
EXHIBIT 6-7 Traditional Automated
Sales/Collection Process Flowchart-Cashier
7
EXHIBIT 7-3 Traditional Automated
Acquisition/Payment Process Flowchart-Receiving
8
EXHIBIT 7-7 IBMs NEDS (National Employee
Disbursement Solution)
9
EXHIBIT 7-8 EDI Data Flow
10
EXHIBIT 7-9 Christopher, Inc. Acquisition/payment
REAL Model (Without relationship semantics)
11
(No Transcript)