A company is an internal structure based on proposing firm strategies to focus externally, having in itself greater productivity in less time. That is why today we will talk to you about which departments in a company must have for its proper functioning.
When talking about a department, it refers to the globalization of a series of divided and subdivided activities to fulfill a certain function to obtain greater effectiveness, efficiency, and competitiveness from the company.
Types of Departments in a company
A company has different departments according to its size. For it to continue growing, it is important to know how to manage them according to the organization’s needs.
Finance department
It must be borne in mind that these are general guidelines and that each company could be managed differently due to the needs of the business and the company’s idiosyncrasy.
The finance department obtains financing for the needs of the company (investments or working capital), plans so that it always has money to meet its payments on time and has a healthy financial situation, and controls that the activity is profitable.
Regarding the accounting functions, they control the part that has to do with inventories, costs, records, balance sheets, financial statements and business statistics.
Accounting functions:
- Inventory valuation.
- Cost accounting.
- Records.
- Balance sheets.
- Preparation of financial statements.
- Business statistics.
The finance area is also responsible for preparing all the information necessary to comply with the legal reporting requirements:
- Balance
- Income statement
- Statement of Changes in Equity
- Statement of cash flows
- Intrastat
- Green Point
- Taxes:
- Corporation tax, etc.
The functions of the finance department are:
Financing
Control
General Accounting
Cost accounting
Budgets
Internal audit
HR department
The objective of the human resources department is to achieve and maintain a human workgroup whose characteristics are by the objectives of the company through appropriate programs and recruitment, selection, training, and development. Keep reading: Marketing video production
This department manages people to guarantee the fulfillment of the different functions on each day and that the positions are always covered, applies the most appropriate hiring formulas in each case, remunerates the workers and keeps them motivated.
Its main functions are:
- Hiring and employment
- Training and development
- Wages and salaries
- Labor relations
- Services and benefits
- Hygiene and industrial safety
- Human resource planning
Marketing department
The marketing department collaborates with the commercial department to achieve more sales and better serve customers. Some companies combine both areas, marketing and commercial, in a single department.
It brings together the factors and facts that influence the market to create what the consumer wants, wants, and needs, distributing it so that it is available at the right time, in the right form and quantity, in the right place and at the right place and at the right place a price suitable.
The main functions of the marketing department:
- Marketing Management.
- Market research.
- Product planning and development.
- Design of the Plaza or point of sale.
- Price.
- Sale promotion.
- Distribution and logistics.
- Sales.
- Communication.
- Commercial department
The functions of the commercial department are marked by the strategies set in the marketing area.
Purchasing department
The main function of the purchasing department is to acquire good raw materials, at a good price, as long as it is necessary, without out of stock.
Every company has a purchasing department responsible for acquiring the inputs (raw materials, parts, tools, office supplies and equipment) essential for the production of goods and services.
The quality. It is not measured by price. It has been proven so many times that the higher price does not denote higher quality in the product.
The price. It is important but not imperative to decide to make a purchase, which indicates that it is no longer a reliable guide for a buyer.
The functionality. As in any purchasing process, the first step to prepare the specifications is to analyze the parts or materials and determine what function they will perform to benefit the final product.
Purchasing department functions:
Acquisitions. Action that consists of acquiring the supplies, materials and equipment necessary to achieve the objectives of the company, which must comply with the following guidelines: price, quality, quantity, delivery conditions and payment conditions; once the goods have been received, it is necessary to verify that they meet the requirements above, and finally accept them.
Save and storage. It is the reception, classification, inventory and control of the goods according to their dimensions (weight and measurements). There will be companies that the functions of “Guarding and storage” are managed by the logistics department.
Provide to the other areas. Once the purchasing department has supplied all the necessary materials, it must supply the other areas: their class, quantity and dimensions.
However, each company meets objectives that allow them to have the direction, organization, planning and growth of their work environment; hence the importance of these four departments.