Activity Based Management

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Activity Based Management

A management tool for reducing costs and improving customer value by identifying and evaluating activities that an enterprise performs using activity-based costing for value chain analysis and to improve strategic and operational decisions. Activity-based costing links overhead costs and activities to more precisely allocate those costs to specific products, services, or customer segments.
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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.
Shifting Emphasis From Activity-Based Costing to Activity-Based Management
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.
The authors may want to focus more on state-of-the-art issues dealing with technology, the theory of constraints, activity-based management, etc.
Activity-based costing and its offshoots -- activity-based management and activity-based budgeting -- are more sophisticated than ever, in part because of Internet-based tools that allow managers to share information across the entire corporation.
In fact, it is difficult to find an academic or practitioner journal that does not include at least one article on activity-based costing, activity-based management, or activity-based budgeting.
Now we're ready to explore how to use activity-based management (ABM) to measure customer lifetime value and show how you can use CLV information to establish one-to-one customer relationship strategies.
Asked about concerns in the year ahead, executives mentioned continued emphasis on such technology-related issues as ECR, category management, activity-based management, vendor-managed inventory and electronic shopping.
In addition to financial services and human resources, PeopleSoft's activity-based management systems provide solutions for manufacturers and other types of service companies.
And under a partnership with Armstrong Laing, JD Edwards will resell and integrate its Metify activity-based management solution; software which allows companies to better manage their costs by analyzing the activities which staff undertake to attain key goals.
A major message of the book is that terrific gains can be made by well-planned implementation of activity-based costing, operational and strategic activity-based management, and activity-based budgeting.
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.

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