The Research Of Management-Decision Master Budgeting Support And Sensitivity Analysis In Textile Enterprises

Economic informationization is putting more and more challenges on traditional enterprises, especially on the textile enterprises which play an important role in the global market and also greatly contribute to China's national economy. Therefore, the desire of textile enterprises to strengthen the core competitiveness through informationization is getting more and more instant.The paper goes deeply into the content of master budgeting in enterprises management-decision on the basis of integrating management-decision features of the textile enterprises and analyzes application trends of master budgeting at home and abroad according to enterprises management-decision support request. Furthermore, it clarifies the content, the process and the logic of master budgeting in textile enterprises and also establishes a complete master budgeting system of enterprise management-decision system combining the existing enterprises marketing-decision support, production-decision support, material-stocking-decision support, etc. The master budgeting system includes operating budgeting, financial budgeting, financial comprehensive assessment and budget discrepancies analysis and control. In operating budgeting, the paper discusses the operating budgeting in terms of the sales budget, operational budget, direct materials budget, direct labor-force budget, manufacturing budget, overall budget and also the cash budget, profit & loss budget and balance budget for financial budgeting. Financial ratio analysis is to compare the operational results of different schemes with craft brothers, thus figuring out the benchmark for budgeting different schemes. Budget discrepancies analysis &control adoptes DuPont Analysis System to display the differences between the budgeted achievements of the schemes and the actual operating ones, further tracing the reason of the differences. After that the management schemes are determined, master budgeting support system is available for budgeting and analyzing the achievements of these schemes, through which enterprise decision-making are highly optimizedIn view of changes caused both by the market and enterprise's interior management environmental factors that might influence the original enterprise management achievement, the paper further proposed the sensitivity analysis based on the enterprise management-decision master budgeting on the foundation of above research. The sensitivity analysis puts forward amended schemes compared to the original static budgets, which provides a more scientific way to budget enterprise operating achievements and also more schemes for the decision-maker to refer to. It divides the factors determining the achievement of the operating schemes into two types: the independent factors and the dependent factors. Later, it discusses these two kinds of factors' influences on the original management achievements when they are changeable.Finally, the paper takes advantage of modern information technology to further study the management-decision master budgeting support and sensitivity analysis system. And it has completed a preliminary textile enterprise management-decision master budgeting support and sensitivity analysis system. And the test also indicates that this system does enhance the effects of enterprise decision-making and have the good model function to promote the informationization of textile enterprises.