Budget Case 11-3
Kenneth Stoneback
INF 336 Project Procurement Management
Lori Deere
June 17, 2013

Based on this information and the increases from the previous quarters should be around $3104.00. This budget will allow for any sudden increases in the different supplies and materials that may occur throughout the quarter or the year.

Each organization should emphasize the importance of material supply budget. A comprehensive budget is very important part to the success of any organization. A supply budget is normally set after a forecast of actions and the resourcing needed in the upcoming goals set by the company. Supply budgets are normally separated into 4 separate budgets
Materials (operations) purchase budget which is based on estimates of expected operations, sales forecasts and plans. The advantages of this are it identifies cash flow designations, and isolates or separates issues or problems well in advance.
MRO Budget, this covers a purchase plan that normally runs in a 12 month periods. These are normally set up for maintenance, repair, and operating supplies. Since there are so many line items on this set up it is difficult to budget each item.
In capital expenditure they are planned over many for 1 year or our 3-4 years as well based on the strategic plan of the product lines and production needs. The companies projected capital purchases, obsolescence equipment, equipment replacements needs, expansion plans and new ventures are all important to the choices that best fit the company.
Administrative or operating budget is a very important administrative budget in my opinion. Its function is to anticipate operate workloads, included as expenses incurred during supply operations. These expenses are what it takes to operate, lights, heat, wages, salaries, equipment cost, IT costs, office supplies, telephone