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31 Terms
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Transaction Processing System (TPS)
An operational-level system that captures and processes raw data from day-to-day business activities (e.g., payroll, point-of-sale). Focuses on efficiency/accuracy.
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Management Information System (MIS)
A tactical-level system that aggregates TPS data to produce routine scheduled reports for middle managers to monitor performance.
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Decision Support System (DSS)
A tactical/strategic system that helps solve semi-structured or unstructured problems using models, "what-if" analysis, and simulations.
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Executive Support System (ESS)
A strategic-level system for senior executives that presents high-level dashboards and structured info for long-term decisions.
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Supply Chain Management (SCM)
Manages flow of goods/data from supplier to consumer. Key functions: logistics, inventory optimization, procurement.
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Customer Relationship Management (CRM)
Manages interactions with customers (marketing, sales, support) to improve loyalty and retention.
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Enterprise Resource Planning (ERP)
Integrated software modules managing core business processes (Finance, HR, Manufacturing) in a single system to ensure data consistency.
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Data
Raw facts and figures (e.g., "ID: 123", "Price: $50").
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Information
Processed data with context and meaning (e.g., "Order #123 confirmed", "Inventory Low").
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Knowledge
Insights/understanding applied to action (e.g., "Identifying fraud patterns", "Adjusting logistics based on delay history").
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Explicit Knowledge
Objective knowledge that can be codified in manuals, reports, or databases.
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Tacit Knowledge
Subjective, experiential knowledge difficult to document (e.g., intuition, skills).
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BPMN Pool
Represents a distinct participant or organization (e.g., "Credit Card Company").
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BPMN Lane
Represents a specific department or role *within* a pool (e.g., "Sales Dept" inside "Amazon").
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Syntactic Error (BPMN)
Violation of language rules (e.g., Message flow inside a pool, Sequence flow crossing pools, no outgoing flow).
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Semantic Error (BPMN)
Logical error where the model doesn't match the real-world case (e.g., Missing a step, wrong gateway logic).
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Business Process Reengineering (BPR)
Radical redesign of processes to achieve dramatic improvements. Used for major overhauls.
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Continuous Improvement
Small, incremental changes to existing processes to improve efficiency over time.
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Radical Innovation
Creating entirely new paradigms/products that replace old ones (e.g., Drone delivery vs Trucks).