Activity Based Management - ABM

Activity Based Management - ABM

Using an activity-based costing system to improve the operations of an organization.

Notes:

Many managers will attempt to use an activity-based costing system to identify the source of deficiencies in the system. Once the deficiency is identified, the manager can then attempt to correct it to improve efficiency.

See also: Activity Based Budgeting, Accounting, Supply-Chain Management, Zero-Based Budgeting