Planning for the future.

If we want to be unbeatable in this competitive market, we need to set goals for the future – and in this constantly varying world, how much information do we have about the future that we can really count on? Probably not much.

In some form or another, almost every organisation uses a process of forecasting, to project the way things will develop for them in future. This will mould into reality, If goals set are clear.

Demand for services are usually uncertain.

Forecasting will be based on :

• Strategic planning (long term planning)
• Finance and accounting (budget and cost control)
• Marketing (future sales, new products)
• Production and operations