Professional Documents
Culture Documents
Chepter 3
Chepter 3
1. Operation department
2. Production department
3. Accounting department
4. Finance department
5. Seles & marketing department
6. Import & export department
7. Dispatch department
1. Operation department/management
The field of operations management is vast and complex, but it has some key
functions that are important to understand for anyone wanting to implement
such strategies into their manufacturing facility. Operation - This function of
operations management is concerned with planning, organizing, directing, and
overall control of all activities within the
functions, let us first find out what the production department is.
The production department often works very closely with the purchasing
department. The purchasing department is responsible for understanding what
clients want and providing it to them at a price that is comfortable. The
purchasing department will tell the production department what needs to be
produced, how much it needs to cost to make it and will give an idea of how
many pieces of products are needed in order to satisfy the demand of
customers. The production department uses labor, machinery and a variety of
techniques to be able to produce what the customers need or want. The
production department also relies on the purchasing department to get them the
materials and accessories that are necessary for the production of goods. The
production department is often responsible for the maintenance and proper
care of the machinery and equipment that it uses to produce the goods.
There are so many functions of the production department. Below are some of
the most common functions of this department:
Continuous improvement: In the third stage of the production life cycle, the
function of operations management is to analyze data and develop more
efficient ways of producing the goods or delivering the services.
The production department is also responsible for the designing of the goods
or products of the business which are sold to other businesses or to the general
public.
Every aspect of production is controlled by the production department. By
controlling production, the department efficiently uses things such as labor,
machines and materials judiciously in order to prevent any wastage.
The department improves on the products of the business by bringing changes
and innovations.
The production department makes sure that it produces goods or products at
very low costs in order to maximize profit.
The production department works in collaboration with the purchasing
department of the company in order to make sure that materials needed for
production are always available.
1. Payroll – quickly. At the very least, AP should be scheduled to assure that the
least amount of money has to go out per payment, i.e., no late payment
charges!
2. Accounts Receivable and Revenue Tracking (money in) – Another critical
duty of the accounting department is to account for and track receivables,
including outstanding invoices and any required collection actions. Accounts
receivable is responsible for creating and tracking invoices. The responsibility
here includes assuring that customers pay those invoices on time, so a system
of friendly reminders is crucial.
3. Payroll – Payroll is a critical function of the accounting department and
includes making sure all employees are paid accurately and timely. In addition,
proper tax is assessed and tax payments are on time with state and federal
government agencies.
4. Reporting and Financial Statements – The primary reason you collect data
properly in your accounting software is to prepare financial reports that can be
used for budgeting, forecasting and other decision making processes. In
addition, these and other reports are needed for communication to investors,
banks and other professionals that play a role in the growth of your business.
5. Financial Controls – Financial controls include reconciliations, dividing the
responsibilities and following the GAAP standards of accounting principles,
all of which are implemented with view toward compliance, fraud and theft
prevention. The role of the Controller is to ensure procedures are set up
properly to manage that process without errors.
The role of a sales manager is rather nuanced, with very few people having a
clear idea of what exactly a sales manager does. For starters, a sales manager
and a salesperson are completely different. The salesperson is responsible for
making sales.
The sales manager is accountable for making sure that salespeople are doing
their jobs properly (selling). The term ‘sales management’ refers to the
administration of the personnel and resources used in the process of selling a
company’s products and/or services.
Concept of marketing
Sales and Marketing management begins with developing the right products,
setting the optimal prices and distributing in the right locations. It also
encompasses customer service, marketing messaging and other selling efforts.
Marketing professionals should add to their knowledge repository by enrolling
in cutting edge .
Market Research
Product, Promotion, Price and Place are the key functions of marketing
management. The qualitative aspect of sales and marketing management
Next comes the making of the product. The right raw materials, fabrication
and making of prototypes are critical details that need to be planned out with
the manufacturing units. A key function of marketing management is good
inventory management.
The product development encompasses the Product Life Cycle (PLC) which
includes product development to product saturation. Marketing management
should ensure the extension of PLC through advertising and value addition to
products to alter the client’s perception levels.
The pivotal aspect of the business process is sales and distribution. Marketing
management techniques should ensure that the products reach the intended
markets through robust distribution channels like regional distributors, retailers
6.dispech department
Meaning of Dispatching:
Functions of Dispatching:
(i) To check the availability of input materials and ensure the movement of
material from store to first process and then from process to process.
ADVERTISEMENTS:
(v) The issue of job orders authorising operations in accordance with dates and
times previously planned and entered on load charts and route sheets.
(vi) The issue of time tickets, instruction cards and other required items to the
workers who are to perform the various activities.
(vii) The issue of inspection orders after each operation in order to determine
result regarding the quality of products if excessive spoilage occurs, to find out
its causes.
MOLDING
DEPARTMENT BILLING
DEPARETMENT
VIDYABHARTI TRUST COLLEGE OF BUSINESS, COMPUTER-SCIENCE & RESEARCH, UMRAKH 13
RUBBER
ROLLER
DEPARTMENT
Key personnel in each department
Although companies are legal entities in their own right, they can only act
through human agents. Company directors fulfil this role and the operation and
management of the company is typically delegated to them. The directors’
powers to manage the company are subject to the terms of its constitution and
any restrictions that may be contained within it.
Responsibilities
Hiring, training, and motivating accounting staff members while supervising and
delegating department tasks.
Overseeing the daily activities of the accounting department and ensuring that all
major projects, month-end, and year-end reports are completed accurately and on
time.
Ensuring that all accounting processes align with GAAP and current financial
legislation.
Analysing financial data and creating reports for management, stakeholders, and
external parties, such as vendors or lenders.
Raising of funds: to meet the needs of the business, it is essential to have cash
and liquidity so, that a firm can raise funds by way of equity or debt. A
Allocation of funds: After the funds are raised, the next important thing is to
allocate the funds. The best possible manner of allocating the funds:
These types of financial decisions can, directly and indirectly, influence other
activities.
They have to do some tasks that are specific to their organization or industry
Sales Responsibilities
Targeting Accounts and Defining Prospects – Being on the frontlines of
interaction, sales provides marketing with the necessary insights to iterate and
scale the ABM account.
Providing Sales Cycle Insights – The sales team also needs to provide
insights regarding sales cycle lengths to the ABM team, thus enabling them to
generate the proper materials to the right accounts, at the right time.
Territory Configuration – Sales also needs to make sure that their territory
configuration and account delegation is sustainable based on the capacity
and abilities of each of the sales team members.
Managing Accounts – Sales needs to retain them as customers, upsell
whenever possible, as well as close the accounts when the situation calls for
it.
RESPONSIBILITIES
Utilize GPS tracking system in order to manage, trace and locate drivers
within their assign locations.
Conduct defensive driving training classes and CDL license procedures and
pretesting for qualify individuals.
Generate quotes and orders for repairs to storefronts, windows, doors, etc.
Assist area supervisor with dispatching and routing emergency road service.
Make entries of stolen property, missing people, want people into NCIC.