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Core processes are business processes that have significant commercial impact for an organization. They represent the ongoing end-to-end practices that deliver the organization's goals. The following are common examples of core processes.
Record to ReportGathering financial, strategic and operational information and delivering it to internal and external stakeholders to monitor the performance of the business.Order to CashThe process from accepting a customer order to getting paid for that order. Includes order management, credit management, order fulfillment, shipping, invoicing, accounts receivable, collection and related financial accounting.
Procure to PayThe process of buying things including requirements, requesting quotations, purchase orders and payment.Hire to RetireThe complete set of human resource functions that apply over the course of an employee's career with an organization. Includes activities such as hiring, onboarding, performance management, compensation & benefits, training & development and retirement.
Plan to ProduceThe process of sales forecasting and production planning.Plan to InventoryThe process of sales forecasting and inventory management. Potentially includes production planning if you manufacture your inventory.Acquire to RetireAdministering assets including requisition, acquisition, deployment and retirement.
Issue to ResolutionThe process of managing issues including detection, tracking, problem solving, resolution, root cause analysis, improvement and communications. Potentially applies to process, service and product issues depending on your business.Idea to OfferingThe process of developing products from idea to launching an offer.
Market to OrderThe process of marketing from concept to closing sales. Includes product development, promotion, pricing, distribution and sales.
Business Processes
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