Overview

Retail enterprises use two separate processes to plan for labor costs: the annual budget, and a periodic plan, which is also known as a rolling forecast. Infor has developed the Budget Creation module and the Budget Creation and Management module to support these processes. Collectively, these modules are referred to as Labor Budgeting, or the budgeting modules.

These modules enable you to create plans of labor-related costs and revenues for budgeting and periodic planning purposes. They support the multiple paradigms for creating these plans, which depend on a particular company’s business processes.

The Budget Management module supports:

• creating a top-down forecast based on any imported budget and historical actuals, such as sales and AHR (average hourly rate)
• performing a solicitation process on a budget or a periodic plan

The Budget Creation module, which is sold together with the Budget Management module as Budget Creation and Management, enables you to create a bottom-up projection of expected labor costs, based on historical actuals, AHR, driver distributions, staffing requirements, events, special days, and non-productive hours.

This guide describes both the Budget Creation module and the Budget Management module.

This section provides an overview of the labor budgeting and periodic planning processes in the retail industry, and describes how the application supports these processes.