Manufacturing Industry
ABC evolution: the next step for activity-based management. (activity-based costing)
IIE Solutions, June, 1995 by Anderson, Thomas
Activity-based costing (ABC) has been addressed in a variety of recent articles. They usually include a number of ABC-related issues - merits, theory, and techniques. While the fundamentals of the initial ABC exercise have been well documented, other areas have been neglected. Specifically, little has been said about using improved costing methods to achieve operational and strategic enhancements.
EVOLUTION IS FUNDAMENTAL
Often misunderstood, costing is just one component of activity-based management (ABM). In fact, while ABM may have many general definitions, it essentially consists of three primary components:
* Action component: ongoing analysis, opportunity identification, performance improvement, and performance measurement;
*...
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