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The primary job of the purchasing department involves making actual purchases for the company. The strength of purchasing departments is often the knowledge of the financial industry. The weakness of the purchasing department is usually the lack of significance of this particular department.

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What are the role of the purchasing department in an organization?

The purchasing department is responsible for buying all the goods and services for the organization.


What is the relationship between purchasing department and finance department?

The purchasing department and finance department have a close relationship within an organization. The purchasing department is responsible for acquiring goods and services needed by the company, while the finance department manages the organization's financial resources. The finance department works closely with the purchasing department to ensure that purchases are within budget, approved, and align with the overall financial goals of the company. Effective communication and collaboration between these departments are essential to maintain financial stability and operational efficiency.


What are the Strengths and weakness of empowerment?

Empowerment is a strength for the individual, as they have a greater confidence in their ability to do a job. It can be a weakness for an organization, as it results in less control over the activities of employees.


What are my Strengths in finance department?

You are a controller of each and every activity in the organization. This is your strength.


Function of purchasing?

The function of purchasing in an organization involves acquiring goods or services from external suppliers to meet the needs of the business. This process includes identifying suppliers, negotiating contracts, placing orders, and managing supplier relationships. Effective purchasing helps ensure that the organization obtains the right quality and quantity of goods or services at the best possible price to support its operations and strategic objectives.