This part of the course was where I learned the most. There are several different business models; they include Make-to-stock, made to order, engineer to order, and ship to order. Walmart is an example of make to stock; they stock all of their products on their shelves. A restaurant is an example of make to order; usually restaurants make their food based on orders. Apple computers is an example of assemble to order; computers usually have to be assembled. Sports stadium are an example of Engineer to order. Tige boats is an example of ship to order.
Another great thing to learn about business processes was that we made our own process through the Adobe voice. My process was how to get ready for a golf tournament. It is important to understand each activity involved in a business process. An overall process can be improved if one activity in the process is improved. There are 3 different processes and I have them listed below.
Primary/Core business processes are what we do to provide a product or service. They define who we are as a business entity. This area operates as a Profit Center and involves revenue generating processes.
Administrative processes are common business processes that are required to operate any business (accounting, marketing, customer service, business management, etc.). This area operates as a Cost Center and involves properly allocating costs to activities.
Support processes are those required as part of my operation, but are not why I am in business. Examples are IT support, water management, building maintenance, etc. These areas also operate as Cost Centers and involves properly allocating costs to activities.
