Budget and Planning Management

 

Budget, which means "the table showing the revenues to be obtained and the expenses to be made in the next period"  It is the plan that expresses the results after the future sales and costs of the enterprises in monetary terms.

 Since budget planning is prepared by anticipating the events and situations expected to occur, we prepare the company goals and objectives in the most inclusive way, jointly with all departments of the company.

 While planning the budget, it is important to determine the period to be covered first.  Since the budget plans prepared for long time intervals will not be realistic, we act with a 1-year budget planning prepared for 3-month periods, which is ideal.

 At the stage of determining the budget strategy, we aim the sales amounts for the planned budget period, taking into account the previous period data.  In this process, we ensure that targets such as production costs, fixed and variable expenses, income, margin and working capital are clarified.  We determine the cost items of the budget from bottom to top, taking into account the future business needs of all departments and employees.

 We do not think the budget independently from the cash flow, we anticipate the deviations that may occur in the future periods and make the necessary revisions.  At this stage, we take into account the seasonality and make deviation analyzes and consider the periods in which more intensive production and sales are expected in the budget.  After the budget planning is completed and the final budget is approved, we manage the process of reporting budget targets to all departments in the organization and sharing them with all stakeholders.

 We follow the prepared budget plan periodically, determine the deviations that occur, and review and re-plan the budget according to these deviations or create strategies to eliminate the causes of these deviations.

 We aim to unite all the departments around a common purpose, while providing budget planning and predicting possible problems to be experienced in the future.  With budgeting;  We contribute to the measurable efficiency of departments, managers and employees, and to the business management to behave more economically.