Check & control
Give buying decisions their budget context.
A buying decision has a requirement and a financial context. Budgeting belongs alongside procurement so those conversations do not happen separately.
Start with the budget structure.
Review how the business organises budgets and who is responsible for them. That structure sets the context for how procurement should use budget information.
Connect budgets with purchase decisions.
Discuss where budget information matters in the request and approval process. Different teams may need that context at different points.
Agree how the figures are interpreted.
A planned amount, an order and an invoice represent different stages. Define the intended measures and supported workflow before using them to judge a budget position.
Questions
Where should budgeting fit in our workflow?
Start with the points where budget context affects a requirement or approval, then review the supported configuration.
What should we bring to the discussion?
A sample budget structure, ownership rules and examples of purchase decisions that depend on it.
More in Check & control
Put budget context beside the buying decision.
Review your budgeting requirements with the team.