Chapter 9 - The acquisition/payment business process. The objective of this chapter is to encourage an in-depth understanding of the acquisition/payment business process, with a focus on the modeling of this transaction cycle with the REA enterprise ontology and querying to meet information needs for this cycle. | Chapter 9 The Acquisition/Payment Business Process Chapter Learning Objectives Identify activities and documents common to acquisition/payment business processes for various enterprises Identify the components of the REA ontology in the acquisition/payment business process Explain how the acquisition/payment business process fits into an enterprise’s value system Explain how the acquisition/payment business process fits into an enterprise’s value chain Create a REA business process level model for an enterprise’s acquisition/payment business process Identify common information needs within the acquisition/payment process Create queries to meet common information needs in the acquisition/payment process 9- Acquisition/Payment Process in an Enterprise Value System 9- Acquisition/Payment Business Process in Enterprise Value Chains Partial value chain for a manufacturer Partial value chain for a distributor 9- REA Acquisition/Payment Business Process Level Pattern 9- REA Acquisition/Payment Business Process Level Pattern: Operating Assets 9- Acquisition/Payment Process Events Instigation Events in the Expenditures Are usually internally instigated; triggered by an identified need External instigation is possible, . need may be identified as result of supplier visit Internal agents involved in acquisition cycle instigation events usually are department supervisors (who identify the need and who authorize the eventual expenditure) and purchasing agents (who process the requisitions) External agents involved in acquisition cycle instigation events usually are suppliers Typically there is no need to specifically identify a good or service for purposes of instigation events; information about the type of good or service promoted is usually sufficient 9- Purchase/Requisition Event Purchase Requisition Event An instigation event that is entirely internal; typically involves a department supervisor identifying a need for a type of good or service . | Chapter 9 The Acquisition/Payment Business Process Chapter Learning Objectives Identify activities and documents common to acquisition/payment business processes for various enterprises Identify the components of the REA ontology in the acquisition/payment business process Explain how the acquisition/payment business process fits into an enterprise’s value system Explain how the acquisition/payment business process fits into an enterprise’s value chain Create a REA business process level model for an enterprise’s acquisition/payment business process Identify common information needs within the acquisition/payment process Create queries to meet common information needs in the acquisition/payment process 9- Acquisition/Payment Process in an Enterprise Value System 9- Acquisition/Payment Business Process in Enterprise Value Chains Partial value chain for a manufacturer Partial value chain for a distributor 9- REA Acquisition/Payment Business Process Level Pattern 9- REA
