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What are the functions of the procurement department in a production company?
Wiki User
∙ 13y ago
Main function of Procurement department in a Production company are
1. Checking of requisitions/purchase indents.
2. Selection of suppliers for issue of enquiries.
3. Issuing enquiries/tenders and obtaining quotations.
4. Analysing quotations and bids etc., and preparation of comparative
statement (quotation charts).
5. Consultation with the Indenture for selection and approval of quotations and
with Accounts Officer for pre-audit.
6. Negotiating contracts.
7. Checking legal conditions of contracts.
8. Followup of purchase orders for delivery in due time
9. Verification and passing of suppliers' bills to see that payments are made
promptly.
10. Correspondence and dealing with suppliers, carriers etc., regarding
shortages, rejections etc., reported by the Stores Department.
11. Maintenance of purchase records.
12.Maintenance of vendor performance records/data.
13. Keeping various Departments/Divisions informed of the progress of their
indents in case of delay in obtaining supplies.
13. Serving as an information center on the materials' knowledge i.e. their
prices, source of supply, specification and other allied matters.
Wiki User
∙ 13y ago
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What is the relationship between production department and other department in organisation?
"production" is the part of a company that produces what the company sells, and "marketing" is the part of a company that sells the product for the company. This is a very short explantion of your question. It can be much more complicated.
The differences between private and public procurement?
Private sector procurement is usually controlled by the head of the company or a department they have established. Usually, the person needing a supply just asks for permission to buy it. Public sector procurement is governed by lawmakers and often bids have to be taken.
Why the production department is important?
it is important because with out produciton there is no products. ther produciton department plays a important role in a company they come up with new ideas.
What s procurement?
it has something to do with the buying of things needed by a company ...
Is company stocks a factor of production?
No, company stocks represent ownership in a firm, usually, and are not inputs in production.
What is the procurement entity?
The procurement entity is usually the department that is responsible for purchases. In a company the procurement entity would be the purchasing department, also called procurement. The larger the company the more likely there is one department that coordinates all purchases, especially bidding them our, actual purchase, receipts and possible also inventory.
Why do you want to study procurement?
I Want to study procurement in order to work in a big company in stores department.
What is the procures?
The procurement entity is usually the department that is responsible for purchases. In a company the procurement entity would be the purchasing department, also called procurement. The larger the company the more likely there is one department that coordinates all purchases, especially bidding them our, actual purchase, receipts and possible also inventory.
What is the Marketing department of computer manufacturing company?
the marketing department is the responsible department for the advertisement, procurement and finding a range of product market and selling of the product.
What is the relationship between production department and other department in organisation?
"production" is the part of a company that produces what the company sells, and "marketing" is the part of a company that sells the product for the company. This is a very short explantion of your question. It can be much more complicated.
Relationship between purchasing department and production department?
Describe the relationship between the purchasing and production of a manufacturing company
Objectives of production department of a company?
research and consultancy
Functions of insurance company's legal department?
An insurance company's legal department is there to handle situations that require court appearances or may involve lawsuits. The legal department will represent the company.
The differences between private and public procurement?
Private sector procurement is usually controlled by the head of the company or a department they have established. Usually, the person needing a supply just asks for permission to buy it. Public sector procurement is governed by lawmakers and often bids have to be taken.
What are the function of a finance department?
The main functions of the finance department are to put in place an effective financial cost effective control system including trimming wasteful expenditure, centralized accounting system, and help in boosting production output of the company.
What are the functions of sales?
The functions of sales is to generate revenue to a company. This is a department that would have to work hand in hand with marketing.
Sales department functions?
The sales department functions as the primary selling force of a company or organization. They usually promote, market and sell the products or services and overcome objections to sales.
