Wednesday, November 28, 2012

What happened to the budget?

The holidays are officially here and I’m not going to lie, I love it! I love putting my list together of the gifts I want to get for my family and friends and now that my son is three, it’s even more exciting to walk through the toy aisles and pick out gifts from his wish list. In order to get everything on my list I have to be pretty good at putting a plan in place so that I can accomplish all of this without breaking the budget.  I’m (almost) always successful at this because I start early and can (typically) avoid the last minute run to the store on Christmas Eve which inevitably ends up in paying more for a gift I hadn’t originally planned on getting.  However, it never fails that once all the bills come in my husband and I are always over our budget.  How can that be when I’ve made a plan, stuck to my plan, and even found some ways to come in under my budget?

I’m assuming this is a frustration felt by a lot of you, and not just with your holiday spending, but in your facilities and plants where you work.  How is it that after all of your budgeting efforts, after implementing technology and process improvements, maybe you’ve even added in an ultrasound condition monitoring program to help cut costs, that at the end of the year your numbers just aren’t adding up?  Whether you’re the plant engineer or maintenance manager, you’ve made promises and investments throughout the year and yet your budgetary goals weren’t met and now you’re worried you might lose credibility, or worse, funding for the next year.  Well, if this sounds familiar, then you need to make plans to attend our 9th annual Ultrasound World conference where presenter, Steve Mikolajcik of Cargill, will demonstrate how your savings are likely being offset by actions of other departments. He’ll also discuss the effects of an isolated budgeting process.

It turns out that every year while I’m working hard and early to save money on my Christmas shopping, my husband is procrastinating and waiting until the last minute, which as we all know, is a great way to go over budget. I suppose this year I’ll be sure to get my husband my wish list a little earlier!
Maureen Gribble
maureeng@uesystems.com

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