The illustration frameworks are now ready for use. In Part 4 we’ll deal with the financial aspects of making the forecasts, and the reiterative process of fine tuning them. We’ll also look at subsequential departmental budget allocations.
We’ll discuss the ways in which forecasts can be reviewed using actual performance data, together with the review implications for the remainder of the forecast year. Key ratios, which are shorthand means of monitoring performance, are introduced and incorporated in the forecast.
Profitability of both the whole company, and of individual products, is always of interest and we’ll use charts as necessary to help ...
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