Activity Based Management

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Activity Based Management

An area of management accounting that evaluates business activities so that management can make better-informed business decisions, especially by streamlining activity to reduce costs. ABM utilizes activity-based costing, which attempts to allocate overhead costs to specific goods and services and find ways to reduce them.
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Its strategy was to put in place an internal auditing procedure, known as activity-based management, to analyze who does what in terms of revenue cycle management tasks at the hospital.
Cost-to-serve is a utilities-specific version of activity-based management 2
We're working to tie our risk management information more closely to our activity-based management and financial systems information, so that rather than making decisions annually or in POM cycle, we can make them quarterly, monthly, or perhaps even more frequently than that.
As companies expand activity-based management systems in areas beyond the production cycle, industrial managers can expect to find more zero-based activities.
Using this information, managers are able to make strategic activity-based management (ABM) decisions based on a complete picture of how their organization consumes resources and the results produced from the consumption of those resources," observes accounting firm Grant Thornton LLP.
Activity-based management gives you the tool set to accomplish this.
In addition to financial services and human resources, PeopleSoft's activity-based management systems provide solutions for manufacturers and other types of service companies.
Examples included: suppliers and manufacturers forecasting demand and its effect on inventory at each point in the chain; third-party consolidation for LTL shipping; and activity-based management for logistics.
This is why so many cooperatives are moving in the direction of "unbundling," an activity-based costing (ABC) or activity-based management (ABM) accounting system.
Other performance-based initiatives such as re-engineering, just-in-time, activity-based management, and so forth are tools for eliminating waste.
Transition to a program- and activity-based management system involves Peel's management and staff in much debate on issues of cost allocation, technology, and the corporate culture.
ExactCost develops performance management solutions based on activity-based cost analysis and activity-based management for the healthcare industry.

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