I was introduced to Innovar via one of their Forecasting & Budgeting seminars, which I found most informative. A by-product of the seminar was to be added to their weekly Budgeting Tips. The Tips help to bring to the forefront of your mind things we all think we know already. The most evident practical result for 5N Plus UK has been to take the time to review actual performance compared to budget.
This has resulted in a new page being added to our monthly management pack with 8 graphs showing our performance against budget for different types of cost, being: Sales Volume, Total Costs, Production Labour, Production costs, Sales & Distribution Labour, Sales & Distribution Costs, Administration Labour & Administration Costs.
So no matter how much you think you know, a gentle reminder now and again is always worth it.