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Superthread LXV - Honouring Alex McKinnon

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butchmcdick

butchmcdick

Post Whore
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52,232
Off to visit the olds in Cairns on Monday and grandparents in Townsville on Wednesday

Come at me cyclone

Been through several when I lived in Ayr and Townsville.

They scare the shit out of u
 
Drew-Sta

Drew-Sta

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So. I spent nearly 12 months when I arrived at McWilliam's arguing with them that the budget and the forecast are two different things, and we need to keep them separate. Why? Cause financial targets are just that - targets rather than reality.

I finally get them, last year, to put in a preliminary 12 month forecast that they can base the budget on, and build everything from there, and the year goes well. We actually hit the forecast aspect of the budget (or thereabouts) but look to miss our budget due to growth targets not being met. Things like new products etc not coming off; so not great, but at least its not our core business.

In February I try to get the process for 2015 budget off the ground and get road blocked like a mofo by finance. They say 'No, we're going to do everything from the top down - we don't have the time to do it properly.'

I argue then get overriden by my boss. Who then comes back to me three weeks to say I was right - finance have come back and discovered they can't do it properly and have to start again by DFU.

Except they forget to again include the forecaster and go off half cocked with their own forecast.

I've now been told we're loading the budget in as the forecast for 2015 and that my role is to now scruitinise it and adjust where we need. Essentially, we've thrown a massive blanket over our number and we can no longer determine where we have gaps. Its like driving on a race track with only half a metres visibility; you never know when you're going to hit a sharp corner.

So f**king frustrating. #-o](*,):fist::BDH:
 
O

Ozzy

First Grade
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9,017
Drew-Sta said:
So. I spent nearly 12 months when I arrived at McWilliam's arguing with them that the budget and the forecast are two different things, and we need to keep them separate. Why? Cause financial targets are just that - targets rather than reality.

I finally get them, last year, to put in a preliminary 12 month forecast that they can base the budget on, and build everything from there, and the year goes well. We actually hit the forecast aspect of the budget (or thereabouts) but look to miss our budget due to growth targets not being met. Things like new products etc not coming off; so not great, but at least its not our core business.

In February I try to get the process for 2015 budget off the ground and get road blocked like a mofo by finance. They say 'No, we're going to do everything from the top down - we don't have the time to do it properly.'

I argue then get overriden by my boss. Who then comes back to me three weeks to say I was right - finance have come back and discovered they can't do it properly and have to start again by DFU.

Except they forget to again include the forecaster and go off half cocked with their own forecast.

I've now been told we're loading the budget in as the forecast for 2015 and that my role is to now scruitinise it and adjust where we need. Essentially, we've thrown a massive blanket over our number and we can no longer determine where we have gaps. Its like driving on a race track with only half a metres visibility; you never know when you're going to hit a sharp corner.

So f**king frustrating. #-o](*,):fist::BDH:
Click to expand...
:shock: This is the biggest mistake to any industry. You don't save time as you come back and waste time correcting errors.
 
Skinner

Skinner

Coach
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13,581
Top down forecasting rarely works. I spent many years of my working life arguing with the bean counters on that very point. Yep, you are knocking your head on the wall with that lot though.

I always found it helped if your CEO had a non-finance background. Operations and Logistics folks knew where it was at. I miss the good old political games.
 
Bulldog Force

Bulldog Force

Referee
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Superintendent_Chalmers_by_LQCTim.png
 
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