Infographic: Budgeting Methods For Your Laboratory
Laboratories use various budgeting methods to arrive at their operational expenses.
| INCREMENTAL | Increment/deduct previous budget by a factor for the upcoming financial year. |
| ZERO-BASED | This method involves preparing everything from the beginning. |
| TOP-DOWN | The budget is fixed and laboratory managers are required to identify activities within the allocated budget. |
| BOTTOM-UP | The individual departments identify the budget needs and it gets added upwards till the top |
Kewaunee, the global leader in total laboratory solutions, empowers organisations to achieve competitive advantage through safe, efficient, and contemporary laboratories. In existence since 1906, Kewaunee powers the laboratories for over 5,000 customers in more than 100 countries.