EXPLORING BUDGETING PROCESSES AND FORECAST PRECISION AT SCHAEFFLER INDIA LTD

Sakshi Prakash Dange; Priya Satsangi

doi:10.29121/ShodhPrabandhan.v2.i2.2025.54

Authors

Sakshi Prakash Dange MBA Banking and Finance Student, Amity Business School, Amity University Maharashtra, Mumbai, India Author
Prof. Dr. Priya Satsangi Assistant Professor, Amity Business School, Amity University Maharashtra, Mumbai, India Author

DOI:

https://doi.org/10.29121/ShodhPrabandhan.v2.i2.2025.54

Keywords:

Budgeting processes, Forecast reliability, SAP systems, Cost variance tracking, Plant financial controls, Manufacturing planning

Abstract

During my six-week internship in Schaeffler India Ltd's Finance and Controlling team at the Pune plant, I closely examined how the company handles budgeting and forecasting amid automotive sector pressures. Key tools like SAP ERP, detailed Plant Cost Reports (PCRs), and driver-linked models drive their financial planning, enabling tight cost oversight and better decision support. Through hands-on involvement in budget cycles and variance reviews, I found the system delivers solid results but struggles with raw material swings, power cost hikes, and data handoffs between teams. Rolling forecasts, analytics upgrades, and smoother team coordination could lift accuracy further, making planning more adaptive.

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