Abstract
Activity-based costing (ABC) plays a major role in identifying the various sources of waste in manufacturing and process industries, thus helping to improve productivity and quality. In this article we describe how ABC works, the advantages of ABC as compared with a conventional accounting system, and how management can use ABC to improve the performance of the company with the help of activity-based management (ABM).
| Original language | English (US) |
|---|---|
| Pages (from-to) | 63-68 |
| Number of pages | 6 |
| Journal | Production and Inventory Management Journal |
| Volume | 37 |
| Issue number | 4 |
| State | Published - 1996 |
All Science Journal Classification (ASJC) codes
- Industrial and Manufacturing Engineering