Department

The term “department” refers to a organizational division of personnel within a company. Different departments within a company specialise in particular operations or areas of professional focus, and each department is often allocated with its own funding to be assigned to budgets and projects. Companies may have multiple branches within them (often divided by different physical operating locations), and each branch may have multiple departments within it. Companies that have no branch divisions may still have department divisions within their organization structure. On Tradogram, each branch within a company may have multiple departments. If only a single branch is used, multiple departments can be created within that branch. Each department can have its own budgets and approval processes configured and associated with it. See the definitions for “centralized procurement” and “decentralized procurement” for more information and clarification about organizational methods for procurement processes.