Reference no: EM132592013 , Length: 1200 Words

Case Study - Budget Planning - Budget Planning to Improve the Bottom Line

Objectives - At the completion of this case study, students should be able to:

1. Recognize the ongoing challenges of annual budget preparation and financial performance monitoring.

2. Describe the difference between top-line and bottom-line growth.

3. Recognize the benefits of benchmarking with peer businesses.

Questions - Upon completion of the information from the participating businesses, Colleen needs to analyze the differences.

Revenue/Sales

1. Do any of the benchmark businesses have higher sales or income than Colleen's business? What are the differences? Can Colleen initiate additional products or services to increase her own top-line sales?

Payroll Costs and Full-Time Equivalents

2. Do any of the benchmark businesses have lower labor hours than Colleen's business? Can Colleen implement systems or processes that would reduce the overall labor-hour requirements and as a result lower her payroll costs?

Non-Labor Expenses

3. Do any of the benchmark businesses have lower expenses in any of the major categories of food or supplies? What purchasing practices can Colleen implement to lower her food and supply costs-group purchasing, prime vendor, or other strategy? What utilization practices can Colleen implement to lower food and supply costs-menu planning, recipe standardization, portion control, or other strategy?

Attachment:- Case Study - Budget Planning.rar