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Organization
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Pak Rock Oil Trading Corporation (Pvt.) Ltd. has been conceived in the light of the corporate objective to market and distribute petroleum products, applying most modern methods and customer satisfaction techniques to achieve desire market participation in the first year of operation. To accomplish this objective company’s efforts will be concentrated at operating effectively as a manner that its consumer supplies activities receive maximum support and strength.
The ‘line’ and ‘staff’ activities have been determined and grouped into separate functional groups as under:
1.General Management
2.Marketing & operation
3.Finance
The main responsibilities and functional scope of the above groups are described as follows:
General Management
While the “Top Management” function will be performed by the Board of Directors, comprising of 3 functional directors. The management of the company will be run by the Chief Executive assisted by the 3 functional directors known as “Executive Committee”. The Executive Committee will formalize the ‘vision’, initiate and approve the company’s short and long term objectives, policies, operating program, plans and strategies, budgets and review performance with a view to achieve the vision. Internal Audit will report to the Chief Executive directly whereas Human Resources & Legal functions will be reporting to Director Finance and will initiate, review and approve human resources policies, development programs & plans, including organization development, manpower, planning, training, budgets, salary and benefits and compensation packages.
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Director Marketing & Operations
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The marketing group will be the front-line managers and will be the backbone of the company, acting a major force behind all the groups to achieve the sales objectives. Developing marketing plan, manpower placement, training, design / division of sales areas, setting of targets and motivating the sales force are the main role of this directorate.
The function of “operations” is mainly responsible of ensuring continuity of supplies and there are no product run-outs in the areas of operation. Therefore the dispatches from main installations will have to be timely and sufficient to ensure continued & satisfactory supply to the market / customers.
Director Finance
The financial accounting group will play an important role by developing and promoting sound and efficient accounting, budgeting and auditing policies, procedures and systems throughout the organization. These activities protect financial interest of the company and assist and guide the functional executives in assuring optimum utilization of company resources and maintaining effective cost control for meeting profit objective.
The controller function through corporate accounting, system, financial accounting, data processing and audit group provides a ‘control’ mechanism as well as a management information system. The treasury function through corporate planning, banking & exchange, cash management and investment analysis group safeguard company’s financial interest, assuring provision of adequate cash / credit and enable functional managers to meet their monetary liabilities and obligations.
The function of company secretariat, legal affairs, procurement, administration and personnel are also grouped with Finance.
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