Currently, many manufacturing companies use in their activities Tehpromfinplan, which is compiled based on the data on the volume of production of finished products for the current year, on the volume of production costs and other factors.This production - the financial plan of the enterprise is an essential part of its activities and provides enterprise managers with the necessary information allowing to judge the correctness of an administrative decision, to develop measures for the adjustment of the operational activities.
Tehpromfinplana development process is directly linked with the budget planning of the enterprise.Budgeting contributes, in turn, reduce the inefficient use of funds of the company due to operational planning business operations and to monitor their actual implementation.
Usually the word "budget" is associated with the preparation of fiscal policy across the state, and not at the micro level - on the scale of the enterprise.The budget is a quantitative expression of a centrally imposed performance plan of the enterprise for a certain period of:
-Use of capital, goods -materialnyh, financial resources;
- attracting sources of financing current and investment activities;
- revenues and expenditures;
- cash flow;
-investitsiyam (capital and financial investments)
budget is developed for the enterprise as a whole and for the individual structural units for the purpose of forecasting of financial results, target setting technical and economic indicators, the limits of the most important costs justify the financial viability of those types of production and economic activitywhich is engaged in the enterprise.
In developing the budgeting process in the enterprise, it is important not only to understand the utility's financial and production planning, but also what tasks in a particular company or firm will provide budgeting.First of all, we are talking about the tasks corresponding to the main objectives of the company.
budget of the enterprise - is a kind of tomography, the highlight all the activities of the enterprise.At each stage of development of the enterprise, the company has specific tasks and functions, the implementation of which requires systematic and coherent plan of action.Moreover, in developing such a plan should involve not only specialists of leading services companies, and all employees of the company.After all, in the end, the action plan of the enterprise, the implementation of the budget of the enterprise depends on the smooth and harmonious functioning of the entire team of the enterprise.The company is a kind of mini-state, here as in every state must have a clear understanding of the basic purpose of the enterprise, the need to implement a particular policy of the enterprise.When the participants (employees) enterprises are in isolation from the enterprise management, which leads eventually to a decrease in the results of production activity
regard to the budgeting process of the enterprise it can be expressed not only in monitoring the implementation of the budget, but with reference to the stagebudgeting everyone can make suggestions to improve the use of financial resources and production.
company, according to the theory of Michael Porter may elect three options basic strategy for the successful operation of the company:
- absolute leadership in costs
- Differentsiyatsiya
- Focusing
What are the advantages for the budgeting process can give the choice of a strategy.According to the strategy of absolute cost leadership assumed firm control of production costs and reducing unit costs to a level lower than the competition.In addition, it is expected and accelerating the turnover of working capital.Even a small change in the turnover ratio can release quite large sums of money."Release" the money can be spent on additional investments in production, or use for other purposes of the enterprise.With regard to the budgeting process of the strategy involves the development of clear and detailed plans for the use of material costs for every day of the enterprise.Each employee of the enterprise should be clearly aware that at this particular moment is important and the result of the production activity and the need to introduce and develop new ways of doing business, allowing more efficient use of material costs.
differentiation strategy involves the creation of such products, which will be unique, or high-tech.Moreover, the differentiation can be carried out in various forms: technology, functionality, customer service and others.The strategy in the case of its successful implementation is an excellent tool to increase company profits.In addition, this strategy allows the company to occupy a more favorable position in relation to substitutes than its competitors.
strategy involves focusing the focus on a specific group of customers, a product or geographic market.This strategy should be applied in practice in conjunction with the first two.
Thus the process of developing industrial and financial plans of the enterprise is not only in the collection and statistical treatment of information on the planned production volume of upcoming expenses, cash flow and the accounting and tax accounting, but also in the development of business strategy and opportunities to participate inthe development and implementation of these plans for all employees.
