Regulations for functioning budget development to manage trading network

Abstract

In the prevailing state of market circumstances, the revival and efficient operation of trade companies are on the basis of a proper data support system, the primary factors of which are control and budgeting. This current study attempts to focus on budgeting as an efficient means to curb and manage a retail trade network. Budgeting serves as the foundation for planning in the management procedure, for making managerial and economic decisions, evaluating financial solvency, and finally to reinforce economic disciplines. To meet the study’s aim, several general methods, including synthesis, analysis, assessment, comparison, generalization method, and system analysis are taken into account. Based on the results, it can be perceived that the regulation of the budgeting tool used in management is dependent upon the company’s action type immediately. The needs are established, based on which the efficiency of that controlling and managing means is defined. They defined the particulars of network retail and the trading actions that impact the operating budgets’ structure, which is the beginning point in the procedure of budgeting.