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Business Item Diagram captures the relationships and correlations among various business items. Here, business items can be products, manufacturing equipments, real estate properties, and anything that is related to daily business operation of a company. Well-run businesses normally have good definitions of these business items and people from various functional groups use the common terminology when they communicate to one another.

How does this business model analysis help in terms of ECM Modeling? Business events and processes are strongly tied to the dynamics of these business items. Business events, business processes, and business items all spring the need for documentation. Most of the times, taking one-step back and capturing these business item diagrams allow us to develop a convention with which we can build a desirable taxonomy (folder structure) for business documents.