Ventura Vehicle ~ Acquisition Cycle ~

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Ventura Vehicle Acquisition Cycle

• Team Alpha
• Cathy
• Cui
• Steve

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Basic Class Diagram
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Extension 1 add commitments
Economic Contract
Commitment to Delivery
Commitment to Pay
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Extension 2 add leasing
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Extension 3 add purchase return
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Business Events Phases
BP Phase Example Business Event
Planning Buyers list out potential vendors for required raw materials, facility and trucks leasing
Buyers ask those vendors for their product catalogs
Vendors send their catalogs to the buyers
Identification Buyers asked those potential vendors for their product availability and price
Vendors give response to the buyers
Negotiation Supervisors monitor enterprise activities, such as production level, sales level, and sales forecast
Supervisors identify needs for raw materials, facilities, or trucks
Supervisors communicate their needs to buyers via purchase requisitions
Buyers identify suitable sellers and send offers to those venders
Venders send counter offers to buyers
Buyers accept the offers and sign contracts with vendors
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Business Events Phases-contd
BP Phase Example Business Event
Actualization When those products ordered are ready to ship, vendors would give a notification to buyers
Buyers give response to that notification
Vendors send those ordered goods to buyers
Buyers send receiving reports to sellers when those inspected goods are accepted
Buyers return those unacceptable goods to vendors and issue purchase return report
Vendors send invoice to buyers
Buyers send remittance advice to vendors
Post-Actualization Vendors have warranties and after-sale services for those goods
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Accounting reporting control issues

• Authorization of purchases
• Segregation of duties
• Timely recording of the liability for
  acquisitions