Does it make sense to do a monthly forecast of canteen Cost?
It is a common mistake to think that adding detail in planning will automatically produce more accurate planning data and will reduce risks. Sometimes the opposite might even be the case.
Requesting more and more detail in planning will increase the number of data some user has to capture:
Assuming an employee has got a limited timeframe for planning, this will mean that less time is spent per record that is planned. If planning is done too detailed, it might degenerate into copying and pasting instead of thinking about the future development of a company’s key ratios. On the other hand, a certain level of detail is necessary for later analytics and reports. How does your company balance this?