Impotance of having good relationships between the finance department and logistics department
The relationship between Finance and Purchase Depatment is intertwined. Unless the orgnisation is having a sound financial base, the activity of the Purchase depatment is bound to get affected. In normal circumstances, every purchase decision is to be sanctioned by the Finance Department, in the form of full/partial release of fund.
a lateral relationship is where every one involved is equal, for example the finance manager and the HR manager. A line relationship would exist between the finance director and the finance manager. Hope this helps, I know there are int2 business prelims next week.
Hierarchy of finance department
what are the main activities involved in the finance department
Impotance of having good relationships between the finance department and logistics department
There is a direct relationship between the human resources and finance departments. Finances are used to run the human resource which is tasked with the role of ensuring that more revenue is generated into the company which makes the two departments interdependent.
The purchasing department plays a crucial role in an organization by procuring goods and services needed by other functional departments. This department works closely with departments such as finance, operations, and inventory management to ensure that the organization's needs are met efficiently and cost-effectively. Effective communication and collaboration between the purchasing department and other functional departments are essential to streamline processes, manage costs, and maintain smooth operations.
The relationship between Finance and Purchase Depatment is intertwined. Unless the orgnisation is having a sound financial base, the activity of the Purchase depatment is bound to get affected. In normal circumstances, every purchase decision is to be sanctioned by the Finance Department, in the form of full/partial release of fund.
Whats the relationship between Finance, people and marketing?
a lateral relationship is where every one involved is equal, for example the finance manager and the HR manager. A line relationship would exist between the finance director and the finance manager. Hope this helps, I know there are int2 business prelims next week.
Most of the conflicts which arise between finance and marketing include budget allocations. The marketing department may have a good plan and a budget but the finance department will downplay the idea and allocate less money.
Hierarchy of finance department
what are the main activities involved in the finance department
`i think flange is what you need son
Department of Finance - Ireland - was created in 1919.
Department of Finance - Philippines - was created in 1897.