Continued from Part 1 & 2 on Sales and Production Forecast, append below a suggested checklist of what factors and the sources might be considered when constructing the Cash Forecast
 
Cash Forecast
 
Factors:

How long a period the forecast will cover?
Past cash forecasts;
Demand for the products;
Supply of raw material;
Credit control policy of company and government;
Overtrading condition;
Influence of external […]

Continued from Part 1 on Sales Forecast, append below a suggested checklist of what factors and the sources might be considered when constructing the Production Forecast
 
Production Forecast
 
Factors:

Sales activity;
Availability of resources such as labor and materials;
Rate of inflation;
Influence of the market forces on resources;
Industrial relations;
Union agreements such as productivity, redundancy, union membership and industry agreements;
Finance or […]

To plan, we need to put up forecasts. By doing so, Management can better anticipate major opportunities, challenges, etc that may impact the company’s performance
Managers use economic and statistical techniques to anticipate the future. There are many varied method of forecasting which include Delphi method, econometics, simulation, correlation. Forecasting techniques are qualitative or quantitative.
 
However, to […]