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Tuesday, December 28, 2010

3 Days Left to Spend Your 2010 Budget for Scrubs and Uniforms

If you are a manager, the phrase "if you don't use it, you lose it" takes on new meaning this time of year.  Don't lose the remaining dollars in your 2010 budget for uniforms, lab coats and scrubs.  The art and science of budgeting for a planning analyst is to base next year's budget on a factor of your current year's spending.  In most cases, the factor is a fraction that will make next year's spending allowance smaller than this year's budget.

For example, let's assume that your 2010 budget for uniforms and scrubs is $3,000 but you've only spent $1,500 to date.  Your planning analyst will use the amount you've spent, $1,500, as the base amount for setting your 2011 budget.  The $1,500 is also the amount that will show up for all of your year-over-year expense analysis -- not the $3,000.  Let's say that your planning analyst has decided to apply a 15% expense reduction to your 2010 spending to set your 2011 budget.  This would mean that your 2011 budget for uniforms would be $1,500 * (1 - 15%), or  just $1,275, while the 2011 budget based on your full utilization of your 2010 budget would be almost twice that amount, or $2,550.  Which dollar amount do you need to work with for your 2011 budget uniform needs:  $1,275 or $2,550?  Which amount do you want your 2011 spending to be compared against:  $1,275 or $2,550? 

EZ Uniforms and Scrubs is the fastest and most convenient way to survive the last 3 days of the 2010 budget crunch!  We have the best prices and a wide selection of uniforms, work pants, work shirts, scrub skirts, chef pants, chef coats, lab coats, disposable lab coats and scrubs.  Our online store is open 24/7 which means you have up until the very last second of the 2010 calendar year to use your 2010 budget.  We have a color to match the "trade name" colors of all of the big, branded, uniform stores and our quality is equal or better.  The only difference is our price and our convenience!

Not using your 2010 budget for uniforms means losing the dollars for 2010, and for 2011, and the ripple effect could last for years.  It also means being compared to an extra-low threshold in your year-over-year expense analysis for the following year.  Managing your department's budget is all about strategy -- not just for this year, but for years to come.

Don't let this happen to you or your team!  Use the final days of 2010 and the final dollars of your 2010 budget wisely!

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