A Critical Evaluation of Budget Practices Applied in the Manufacturing Sector for Optimal Production

M. M. Manyuchi; N. Sukdeo

A Critical Evaluation of Budget Practices Applied in the Manufacturing Sector for Optimal Production

Quality and Operations Management

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

This work focused on the assessment of budget practices applied in the manufacturing sector. Two companies in the sector, Company A and Company B were used as the case studies where the budget implications for producing 100 500 pallets of a lager beer and 200 000 pallets of baby cereal respectively. The budget planning process, budget development, types of budget to be used were discussed. The short range type of budget over a monthly period was chosen. From the analysis: the budget implications in the manufacturing sector are highly depended on the direct materials, direct labor and plant overheads budgets.

Original language	English
Title of host publication	Proceedings - 4th European Rome Conference 2021
Editors	Mario Fargnoli, Mara Lombardi, Massimo Tronci, Patrick Dallasega, Matteo Mario Savino, Francesco Costantino, Giulio Di Gravio, Riccardo Patriarca
Publisher	IEOM Society
Pages	421-431
Number of pages	11
ISBN (Print)	9781792361272
Publication status	Published - 2021
Event	4th European International Conference on Industrial Engineering and Operations Management, IEOM 2021 - Virtual, Online Duration: 2 Aug 2021 → 5 Aug 2021

Publication series

Name	Proceedings of the International Conference on Industrial Engineering and Operations Management
ISSN (Electronic)	2169-8767

Conference

Conference	4th European International Conference on Industrial Engineering and Operations Management, IEOM 2021
City	Virtual, Online
Period	2/08/21 → 5/08/21

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

Keywords

Budgeting practices
Manufacturing sector
Monitoring
Planning

ASJC Scopus subject areas

Strategy and Management
Management Science and Operations Research
Control and Systems Engineering
Industrial and Manufacturing Engineering

Cite this

Manyuchi, M. M., & Sukdeo, N. (2021). A Critical Evaluation of Budget Practices Applied in the Manufacturing Sector for Optimal Production. In M. Fargnoli, M. Lombardi, M. Tronci, P. Dallasega, M. M. Savino, F. Costantino, G. Di Gravio, & R. Patriarca (Eds.), Proceedings - 4th European Rome Conference 2021 (pp. 421-431). (Proceedings of the International Conference on Industrial Engineering and Operations Management). IEOM Society.

Manyuchi, M. M. ; Sukdeo, N. / A Critical Evaluation of Budget Practices Applied in the Manufacturing Sector for Optimal Production. Proceedings - 4th European Rome Conference 2021. editor / Mario Fargnoli ; Mara Lombardi ; Massimo Tronci ; Patrick Dallasega ; Matteo Mario Savino ; Francesco Costantino ; Giulio Di Gravio ; Riccardo Patriarca. IEOM Society, 2021. pp. 421-431 (Proceedings of the International Conference on Industrial Engineering and Operations Management).

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title = "A Critical Evaluation of Budget Practices Applied in the Manufacturing Sector for Optimal Production",

abstract = "This work focused on the assessment of budget practices applied in the manufacturing sector. Two companies in the sector, Company A and Company B were used as the case studies where the budget implications for producing 100 500 pallets of a lager beer and 200 000 pallets of baby cereal respectively. The budget planning process, budget development, types of budget to be used were discussed. The short range type of budget over a monthly period was chosen. From the analysis: the budget implications in the manufacturing sector are highly depended on the direct materials, direct labor and plant overheads budgets.",

keywords = "Budgeting practices, Manufacturing sector, Monitoring, Planning",

author = "Manyuchi, \{M. M.\} and N. Sukdeo",

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year = "2021",

language = "English",

isbn = "9781792361272",

series = "Proceedings of the International Conference on Industrial Engineering and Operations Management",

publisher = "IEOM Society",

pages = "421--431",

editor = "Mario Fargnoli and Mara Lombardi and Massimo Tronci and Patrick Dallasega and Savino, \{Matteo Mario\} and Francesco Costantino and \{Di Gravio\}, Giulio and Riccardo Patriarca",

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Manyuchi, MM & Sukdeo, N 2021, A Critical Evaluation of Budget Practices Applied in the Manufacturing Sector for Optimal Production. in M Fargnoli, M Lombardi, M Tronci, P Dallasega, MM Savino, F Costantino, G Di Gravio & R Patriarca (eds), Proceedings - 4th European Rome Conference 2021. Proceedings of the International Conference on Industrial Engineering and Operations Management, IEOM Society, pp. 421-431, 4th European International Conference on Industrial Engineering and Operations Management, IEOM 2021, Virtual, Online, 2/08/21.

A Critical Evaluation of Budget Practices Applied in the Manufacturing Sector for Optimal Production. / Manyuchi, M. M.; Sukdeo, N.
Proceedings - 4th European Rome Conference 2021. ed. / Mario Fargnoli; Mara Lombardi; Massimo Tronci; Patrick Dallasega; Matteo Mario Savino; Francesco Costantino; Giulio Di Gravio; Riccardo Patriarca. IEOM Society, 2021. p. 421-431 (Proceedings of the International Conference on Industrial Engineering and Operations Management).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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T1 - A Critical Evaluation of Budget Practices Applied in the Manufacturing Sector for Optimal Production

AU - Manyuchi, M. M.

AU - Sukdeo, N.

N1 - Publisher Copyright: © IEOM Society International.

PY - 2021

Y1 - 2021

N2 - This work focused on the assessment of budget practices applied in the manufacturing sector. Two companies in the sector, Company A and Company B were used as the case studies where the budget implications for producing 100 500 pallets of a lager beer and 200 000 pallets of baby cereal respectively. The budget planning process, budget development, types of budget to be used were discussed. The short range type of budget over a monthly period was chosen. From the analysis: the budget implications in the manufacturing sector are highly depended on the direct materials, direct labor and plant overheads budgets.

AB - This work focused on the assessment of budget practices applied in the manufacturing sector. Two companies in the sector, Company A and Company B were used as the case studies where the budget implications for producing 100 500 pallets of a lager beer and 200 000 pallets of baby cereal respectively. The budget planning process, budget development, types of budget to be used were discussed. The short range type of budget over a monthly period was chosen. From the analysis: the budget implications in the manufacturing sector are highly depended on the direct materials, direct labor and plant overheads budgets.

KW - Budgeting practices

KW - Manufacturing sector

KW - Monitoring

KW - Planning

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M3 - Conference contribution

AN - SCOPUS:85126253001

SN - 9781792361272

T3 - Proceedings of the International Conference on Industrial Engineering and Operations Management

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A2 - Fargnoli, Mario

A2 - Lombardi, Mara

A2 - Tronci, Massimo

A2 - Dallasega, Patrick

A2 - Savino, Matteo Mario

A2 - Costantino, Francesco

A2 - Di Gravio, Giulio

A2 - Patriarca, Riccardo

PB - IEOM Society

T2 - 4th European International Conference on Industrial Engineering and Operations Management, IEOM 2021

Y2 - 2 August 2021 through 5 August 2021

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Manyuchi MM , Sukdeo N. A Critical Evaluation of Budget Practices Applied in the Manufacturing Sector for Optimal Production. In Fargnoli M, Lombardi M, Tronci M, Dallasega P, Savino MM, Costantino F, Di Gravio G, Patriarca R, editors, Proceedings - 4th European Rome Conference 2021. IEOM Society. 2021. p. 421-431. (Proceedings of the International Conference on Industrial Engineering and Operations Management).

A Critical Evaluation of Budget Practices Applied in the Manufacturing Sector for Optimal Production

Abstract

Publication series

Conference

UN SDGs

Keywords

ASJC Scopus subject areas

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