Student Instructions: TimeCorp, a division of Radiant Systems, is one of the leading developers and marketers of labor management and executive management software solutions. Its software programs are used in over 10,000 supermarkets, department retail, specialty retail and hospitality stores worldwide. In addition to tools for sales and service planning, control, and performance management, its systems include budgeting, operational benchmarking, and what-if analysis capabilities. 1. Go to the company's web site at http://www.timecorp.com/solutions/budgetng.htm and read about top-down/bottom-up budgeting. Briefly summarize the limitations of the top-down approach and the bottom up approach to budgeting. Indicate how the "Top-down/bottom-Up" approach avoids these limitations.
2. Read the success story about LenCrafters http://www.timecorp.com/success/lenscrafters.htm and indicate (1) what essential factor needed to be part of its scheduling system, and (2) the benefit that LensCrafters was hoping for in an automated labor management system. |
2002 McGraw-Hill Higher Education