Author Topic: Inventory Management and Budgetary Control System at Mahindra & Mahindra Co. Ltd  (Read 505 times)

Guru

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MBA Project Report on Inventory Management and Budgetary Control System at Mahindra & Mahindra Co. Ltd.

Abstract:

A Budget is a plan which relates to a definite period of time and which is expressed in quantitative terms. It is thus a predetermined statement which incorporates the policy of the management during a given period and serves as a standard for comparing the actual results. Thus a budget is a tool in the actual results. Thus a budget is tool in the hands of the management which serves as a guide to all the employees in achieving their goals objectives and targets.

The study of budgetary control system help business to function with planning which is related to production, sales, stocks, requirement of labors, etc. The advantage of planning is that we can anticipate the problems before hand.

Planning through budgetary control is necessary at all levels of management in which there is
the process of thinking which enables to provide new idea to the management.

Source: http://www.final-yearproject.com/2011/08/inventory-management-and-budgetary.html
« Last Edit: February 20, 2017, 07:32:08 AM by Guru »

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