Scenario

Print this page

Conclusion

view media playerview media player

Conclusion

After weighing the scenarios, Elke decides that finding ways to decrease materials cost 5% would be best. She asks the purchasing department to create a plan for getting discounts from suppliers in return for a commitment to purchase from them for the next two years. Several suppliers agree to the deal. When Elke shows her revised budget to Ahmed, he approves of her new projections.

Though preparing a budget can seem like mere number crunching, a budget actually serves as an action plan. Behind the numbers are real people who are making informed assumptions, analyzing future situations, and aligning their group goals with their company's objectives.

Click here to exit the program. Warning, this will close your session. You will be able to return to the course, but any evaluation of your progress/performance will not count after you have clicked this button.