The budgeting process at Carrefour

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The budgeting process at Carrefour

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Abstract

The Carrefour Group, which is listed on the CAC 40, is a leader in European supermarkets. The Carrefour Group is not only well known throughout France but also in many parts of the world. This is the company we are interested in and have decided to contact.

Carrefour was founded 1959 by the Fournier and Defforey families. The company became an LLC in 1961. Today, Carrefour is registered as a Société par actions simplifiées (SAS) company, This Company was formed to revolutionize the distribution of goods and in 1963 they invented the concept of the hypermarket. In 1969, Carrefour launched its international expansion by opening its first store abroad (Belgium).

Introduction: Company identification
1. Crossroads
2. The different versions of bulk selling stores
Group organization
1. Presentation of the interviewee
2. Budgetary procedure within the company
The contributions and disadvantages of budget management and monitoring
1. Benefits
2. Disadvantages
3. Recommendations
Conclusion

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[...] - Proximity (3133): The Proximity stores within the Carrefour group. Proximity offers an alternative to offer multi-group Carrefour. The goal is to establish the leading position in free food and to be the reference point for local business. To achieve these objectives, the firm has a regular practice of keeping the expectations of their customers in mind in order to save them time. They adapt their, proposed offer according to everyday needs. Their offer is good value for money and all in a friendly atmosphere. [...]

[...] Given that the group operates worldwide, consolidation should be done at specific times and specific days to avoid the problems of delay due to time zone differences. Mr. Puravet stated timeliness forms the base of proper management. IV / The Contributions and Disadvantages of Budget Management and Monitoring A. Benefits Fiscal management will develop into manual exchanges. Indeed, the work of a management controller is not only to analyze the numbers. To create budgets, the management controller must, for example, see how organized the baker and the baking sector is (which product it uses and try to see how to reduce waste, etc . [...]

[...] Puravet told us that the budget is a means of assessing the performance of the company because it provides a historical analysis. He said that it was unthinkable for him to run a business without a budget. According to Mr. Puravet, reporting tools, tools margin, sales and analysis, all may be combined with fiscal management. Conclusion Firstly we would like to thank Mr. Puravet who, despite his busy schedule, took the time to answer our questions. We believe, at the end of our [...]

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