| Author | Kucuk, Melek |
| Note | A project submitted in partial fulfillment of the requirements for the
degree of Master of Business Administration (Executive), School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | Thai Indo Kordsa is one of production plants of Kordsa Global is the world's largest supplier
of industrial nylon and polyester yarn and tire cord fabric with an annual sales turnover of
over US$ 882 million and operations in Europe, Asia Pacific, North and South America,
Middle East and Africa. Thai Indo Kordsa, established as a cord fabric producer in 1990,
performs its production operations on an area of 117,600 squaremeter in Rojana Industrial
Park in Ayutthaya and serves to leading tire producers of Asia Pcific. Thai Indo Kordsa has
been integrated in Kordsa Global family in December 2006.
After joined Kordsa Global in 2006, Thai Indo Kordsa was under integration process to
Kordsa Global operational and financial systems. In many aspects financial integration
completed very successfully. But, Thai Indo Kordsa Finance Department budgeting and
forectasting performance is got good compare to Kordsa Global expectations. Besides, Thai
Indo Kordsa Top Management and Sales Departmant have also some concerns reliability of
budget numbers due to significant deviation actual versus budget. KG Finance Team evaluate
all the entities budgeting performance actual versus budgeting deviation especially for the
fixed cost. Unfortunately, Thai Indo Kordsa Finance Team planning and forecasting
performance is not good.
Uncertainties in the economy and industries are getting more; the need better management
information to improve the quality of management decision in volatile business environment
is getting more and more important. The reliability of the assumptions is very important for
the top management. The objectives of the study are to examine the budgeting processes of
Thai Indo Kordsa, and to analyze bottlenecks of the existing processes and implement new
budgeting method to improve the process. |
| Year | 2010 |
| Type | Project |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (Executive)-(EMBA) (Publication code = ESM) |
| Chairperson(s) | Dimmit, Nicholas J.; |
| Examination Committee(s) | Venkatesh, Sundar;Muller, Logan ; |