LO1 - Business Functional Areas

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Business functional areas

Sales
Purchasing
Manufacturing
Marketing
Finance
Human Resource
Administration

Purchasing

The purchasing department is responsible for buying materials, good and service needed to run a business.
The purchasing department is responsible for communicating with external companies supplying the goods and services to ensure they can deliver the product.

Roles of purchasing

One role of the purchasing department is to procure all necessary materials needed for production or daily operation of the company or government organization.













Finance

The finance department needs to communicate information to and from all departments to ensure the business operates successfully.

Roles of Finance

1. Budget and Forecasting
2. Bookkeeping
3. Reporting





References
Business Functional Areas - Content Writer
Content Writer. (2013). Business Functional Areas - Content Writer. [online] Available at: http://www.contentedwriter.com/business-functional-areas/ [Accessed 21 Jun. 2017].

Attach quote
What Are the Functions of a Purchasing Department in an Organization?
Smallbusiness.chron.com. (2017). What Are the Functions of a Purchasing Department in an Organization?. [online] Available at: http://smallbusiness.chron.com/functions-purchasing-department-organization-158.html [Accessed 21 Jun. 2017].

Role of Finance in a Business
Smallbusiness.chron.com. (2017). Role of Finance in a Business. [online] Available at: http://smallbusiness.chron.com/role-finance-business-290.html [Accessed 21 Jun. 2017].

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