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123586239 Body Glove Essay

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Body Glove

Objective
• Planning and budgeting system in a small
company that has a high need for planning
– Operates in a rapidly growing industry
– Competitive industry
– Fashion conscious customers and
– Significant seasonal sales fluctuations

CSF
• Designs that satisfy customer needs
• Produce styles and colors to demand
– Adequate production capacity, production
flexibility

• React quickly to changing trends
• Control costs (manufacturing, inventory)

TIME LINE OF BG BUDGETING PROCESS
1 = Management team estimates total sales growth for following year 2 = Sales manager breaks down total sales estimate by month and by product 3 = Department managers develop monthly projections of key expenses 4 = Presentation to and approval by president

Characteristics of budgeting at BG
• The BG process is highly condensed.
• Man...

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Keywords

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