UNIT 3: BUSINESS FUNCTIONS OF A COMPANYpar daphne ng
1. (a) Purchasing Head Department: Purchasing Manager Function: - Buy Goods n services - Negotiate 4 best prices - research for suppliers
2. (a) Price List Contains short description of goods and current prices of goods offered for sales
2.1. (b) Catalogue Materials distributed by suppliers. It usually contains details of goods as well as photographs or drawings. Suppliers usually do not quote prices as they may change them
2.2. (c) Quotation a customer/ buyer send an inquiry to the seller asking for goods he wants. Seller replies back with a quotation indicating the prices of goods requested.
3. SOPs: Standard Operating Procedure. step by step instruction on how to do a routine. shd fllw the same way everytime in order to achieve efficiency, quality output and consistency. SOP example: Purchasing Policy.
4. MUST follow purchasing policy. WHY? In order to keep cost under control n to help business maintain a desirable profits.
5. How to purchase wisely ? 1. Buy right quality and quantity of product/material 2. Best possible price 3. Best vendor
6. UNIT 4
6.1. Purchase requisition- internal document , used within organisation. Any department require goods n services will have to send a PR to the procurement department.
8. (c) Administration HD: Administration Manager Functions:" - office planning and organisations - manage legal affairs n insurance matters - office systems
9. (d) Human Resource HD: HR manager Functions: - recruiting employees - Training n development of employees - handling staff records" - Salary administration and benefits
11. (f) Manufacturing HD: Manufacturing/ Operations manager Functions: - Maintenance of plant and equipment - Production planning - Quality control - Research n development
