Part of the award-winning Manufacturing Insights video series, this program shows you how activity-based costing (ABC) and activity-based management (ABM) can help you zero-in on true product costs so you can use that data to optimize your competitive advantage.
This program also demonstrates how ABC identifies and computes the cost of both activities and processes. You'll see the many advantages ABC has over traditional accounting systems and hear ways to trace resources to activities; trace activities to parts, products, and distribution channels. Discover how to identify cost drivers! You'll also see how ABM evaluates those activities performed to support concepts such as continuous improvement, total quality management and business process re-engineering.
By Philip D Rufe, CMfgE
By Ahmad K Elshennawy, Gamal S Weheba, PhD