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Functional Analysis Of Present Trade Compliance Process Essay

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4. Functional Analysis of Present Trade Compliance Process & Study of the Supply Chain Risk associated to Trade Compliance. The functional analysis is analyzing the function of the business process, a function is defined by author Modell as “a series of relative activities, involving more than one entities, performed for the direct or indirect, purpose of fulfilling one or more mission or objectives of the firm”. Modell also explains that a function should have following characteristics like i. Identifiable ii. Definable in terms of responsibility iii. Definable in terms of activity iv. Definable in terms of accountability The function also has the freedom to be any part of the business process, it can be a major control process, it can contain more sub functions, can be performed in multiple or single area, can be performed by individual or a group of people and can have dependent or independent activities. A business function has two main categories based on the level where it’s acting – business and administrative, support or overhead. The business category is where the activities which are directly involved in producing the product or providing services or which generate the revenue to the firm are classified. The operational functions which come under the business are called as the line functions. Administrative, support functions are one which are carried out for the day today wellbeing and the firm as legal entity. The functional analysis puts forward the

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