Transcription of Activity-Based Management - An Overview …
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Activity-Based Management - An Overview …
Activity-Based Management and Activity-Based costing (ABM/ABC)have brought about radical change in cost Management has grown largely out of the work of the Texas-basedConsortium for Advanced Manufacturing-International (CAM-I). Nolonger is ABM s applicability limited to manufacturing principles and philosophies of Activity-Based thinking applyequally to service companies, government agencies and processindustries. The acronym itself has evolved from ABC to ABCM (activ-ity- based cost Management ) to ABM, and the application of ABCevolved from a manufacturing product costing orientation to a man-agement philosophy of activity Management applied in industries andorganisations other than manufacturing. Activity-Based costing and Activity-Based Management have beenaround for more than fifteen years. Most forward-thinking compa-nies have implemented them, or are in the process of doing so. ABC is not a method of costing , but a technique for managing theorganisation better. It is a one-off exercise which measures thecost and performance of activities, resources and the objects whichconsume them in order to generate more accurate and meaningfulinformation for decision-making.
Activity-based management and activity-based costing (ABM/ABC) have brought about radical change in cost management systems. ABM has grown largely out of the work of the Texas-based
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