Transcription of Activity-Based Management - An Overview (Technical …
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Activity-Based Management - An Overview (Technical …
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.
crucial information output provides a focal point for improvement efforts. Activity-based performance measures In addition to cost information for business processes and activities, the ABM system must report information and data on activity performance. Knowing the total cost of activity is insufficient to measure activity performance.
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