Summarize Best Bikes Business operations using the provided information and Define business processes and give three examples

Best Bikes negotiates with vendors to supply parts at given prices and under certain terms. Once it has a commitment from a vendor to provide parts, it places the parts' descriptions, photos, prices, and related sales data on its website. Best Bikes then orders an initial quantity of parts, receives them from the vendor, and places them in inventory. When customers order parts, operations personnel remove items from inventory and ship them to the customers. From time to time, parts need to be ordered to restock inventory, but we will not consider the reorder process in this example. Of course, Best Bikes must keep records of all these activities in order to pay vendors, bill customers, check inventory levels, pay taxes, and so forth. Best Bikes' business activities are typical of a small online retailer with a relatively simple inventory. Even so, you will see there are ways for Best Bikes to improve what it is doing, even if it does not pursue 3D printing. The Existing Best Bikes Process A business process is a network of activities for accomplishing a business function. Figure KE2- 10 shows a diagram of the existing Best Bikes process. This diagram, which is a model, or an abstraction, of Best Bikes' activities, is constructed using the symbols of Business Process Modelling Notation (BPMN). This notation is an international standard for creating business process diagrams.? A key to these symbols is shown in Figure KE2-20. Vendor Buyer Website Sales Operations Customer Vendor and Product data Product Data Product Marketing Materials (Website, etc.) Select Vendor Product Purchases Purchase from Website Vendor and Product data Vendor Data Repository Set Up Product Offering on Website Item Ready To Sell Determine Order Quantity Vendor Order Sell Products Negotiation Negotiation Negotiate Prices and Terms Item Descriptions, Specifications, Photos, Prices Customer Order Order Goods from Vendor Vendor Order Receive Ordered Items Ship Goods Vendor Shipment Vendor Order Repository Vendor Order Revised Vendor Order 1 1 1 1 Receive Goods, Place in Inventory Customer Shipment Customer Order o-Customer Repository Order Ship Orders To Customers