A Study On Optimization Of Budget Benchmark Management In T Company

Budget management,as an important tool for enterprises to achieve their strategic objectives,is becoming more and more common in modern enterprises.In the practice of enterprises to further realize the effectiveness of budget management,modern enterprises have made many attempts,and benchmarking management is one of the key tools.Therefore,it can be seen that the benchmarking management and budget management are organically combined to establish Budget benchmarking management system,while playing the role of two management methods,is a good management innovation for enterprises.T company is a large private automobile enterprise in China.At present,the budget benchmarking management,the establishment of the organization can not effectively guarantee the implementation and adjustment of the budget benchmarking management,the benchmarking index system is not perfect,the selection of indicators and benchmarking enterprises lacks integrity,can not guide the company’s future budget decisions and other issues.Based on the basic principles of budget management and benchmarking management,this paper analyzes the present situation of T company’s budget benchmarking management system by means of theoretical research method and case analysis method,and sums up the problems existing in the budget benchmarking management report system.By optimizing the selection of benchmarking enterprises and the DuPont index system based on expansion,the benchmarking management index system has been improved.Taking benchmarking management as a tool,the paper analyzes and analyzes the multi-level and multi-faceted indexes to T benchmarking enterprises and historical benchmarking.First,T the establishment of corporate structures,including implementation and regulation and other aspects of the establishment and division of functions and responsibilities,the second is the improvement of the index system and the process of calibration and related operational mechanisms.The third is to optimize the suggestions for each link of benchmarking management with enterprises,including index formulation,index setting and adjustment,and transmission channels of all kinds of information.Fourth,staff level training and professional guidance recommendations to ensure the professional benchmarking management and full participation.The fifth is to integrate the incentive mechanism into the benchmarking management process to improve the efficiency and sustainability of budget benchmarking management.The main contribution of this paper is that,on the one hand,combined with the currentmanagement needs of enterprises,it provides a set of system benchmarking index system for enterprises to improve and provide a set of system benchmarking index system,and forms a set of system database for enterprises to refer to.Furthermore,the research on the optimization of budget benchmarking management of T companies can also provide guidance and reference for other enterprises in this work.