Research On Baling Petrochemical Comprehensive Budget Management Improvement

With China's market and international standards,business management has also undergone profound changes.Internationally advanced management tools such as flexible management,agile manufacturing,comprehensive budget management,and ERP are rapidly spreading among Chinese enterprises.In September 2000,the State Economic and Trade Commission issued "The state-owned enterprises have strengthened the basic norms of management(for trial implementation)”,which explicitly requires the establishment of a comprehensive budget management system for state-owned enterprises.As a brand-new management model,comprehensive budget management has gradually become the core of management control.Baling Petrochemical Company,a subsidiary of Sinopec,which produces petroleum products and petrochemical products.It's linkage of upstream and downstream industries have determined that Baling Company needs a powerful management tool to help it coordinate resource scheduling,to improve internal cost management and to enhance product competition.Through internship period,it was found that the company had a complete budget system and implemented it with an early time.However,various problems were found.This was reflected in the unreasonable budget target setting,unscientific compilation methods,poor budget control,poor resource coordination function,singleness of budget assessment indicators and insufficient incentive.Combining with the actual situation,comprehensive budget management and related theory as a guide to improve the budget management of all aspects.The full staff,the whole process and the overall characteristics of the budget can be implemented.It will play an important role in business management,resource integration,and strategic landing.This article is starting from the actual situation of Baling Company's budget implementation.Based on the characteristics of the petrochemical industry,the article analyzed reasons for the incomplete and poor performance of the budget,identified control defects and proposed optimization solutions for the effectiveness of Baling Petrochemical comprehensive budget operation.The research content has a very good industry orientation and play a reference role for other companies in the industry.