Budget and Forecast, Understading and Application

Facing the turbulence economic nowadays, Company must have strong foundation. All company’s components should have to think strategically about their company’s position and about the impact of the current and foreseeable turbulent conditions. They must monitor the external environment closely enough to know when to institute strategy change to increase productivity, discipline in workplace. They must know the business and organization well enough to know what kind of manufacturing best practices. Simply said, the fundamentals of Budget and Forecasting Management need to drive the whole approach to operation and production as well as effective cost management.

After completion of this program, participants will be better able to:

• Understand the concept and variance of Budget and Forecasting Management
• Identify any possible action to be taken during application the Budget
• Formulate strategic objectives and plan in B&F
• Set up appropriate Budgeting action plan and Forecasting action for improvement