MTU Cork Library Catalogue

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Activity-based management : today's powerful new tool for controlling costs and creating profits / William H. Wiersema.

By: Wiersema, William H.
Material type: materialTypeLabelBookPublisher: New York : AMACOM, c1995Description: xxi, 234 p. : ill ; 26 cm. + hbk.ISBN: 0814402518.Subject(s): Activity-based costing | Managerial accountingDDC classification: 658.1511
Contents:
Part I: Activity-based management: What it is and how it works -- Managing costs based on fast, real information -- Integrating ABM into your organization -- Completing the picture: The five steps in designing and implementing an ABM model -- Monitoring key data with ABM cost-cause grids and resource usage paths -- Pinpointing inefficiencies via ABM: Task-oriented operations under the microscope -- Honing in on the true costs of activities -- Insourcing and outsourcing: Flagging cost leaks -- Improving bidding, estimating and pricing with ABM -- Incentive compensation: The importance of accuracy -- The right data for product or service design -- Compendium I: Key cost-cause indicators -- Compedium II: Checklists, forms and rules of thumb to help you track costs -- Part II: ABM in action: Practical applications -- Case studies and their cost-cause models -- Sustaining high productivity and service with ABM.
Holdings
Item type Current library Call number Copy number Status Date due Barcode Item holds
General Lending MTU Bishopstown Library Lending 658.1511 (Browse shelf(Opens below)) 1 Available 00016261
General Lending MTU Bishopstown Library Lending 658.1511 (Browse shelf(Opens below)) 1 Available 00016268
Total holds: 0

Includes index.

Part I: Activity-based management: What it is and how it works -- Managing costs based on fast, real information -- Integrating ABM into your organization -- Completing the picture: The five steps in designing and implementing an ABM model -- Monitoring key data with ABM cost-cause grids and resource usage paths -- Pinpointing inefficiencies via ABM: Task-oriented operations under the microscope -- Honing in on the true costs of activities -- Insourcing and outsourcing: Flagging cost leaks -- Improving bidding, estimating and pricing with ABM -- Incentive compensation: The importance of accuracy -- The right data for product or service design -- Compendium I: Key cost-cause indicators -- Compedium II: Checklists, forms and rules of thumb to help you track costs -- Part II: ABM in action: Practical applications -- Case studies and their cost-cause models -- Sustaining high productivity and service with ABM.

Reviews provided by Syndetics

CHOICE Review

Although this volume is clearly written and contains numerous exhibits, it is an unsatisfactory and extremely repetitious "cookbook" approach to activity-based costing. Chapter 4 on ABM Cost-Cause and chapter 11 on ABM Cost-Cause case studies are the heart of the book. These chapters emphasize exclusively the cost assignment view and neglect the management process view. ABM only succeeds in organizations that nurture a change culture, have a holistic view of cost in terms of value creation, and understand that a critical part of the process is partnering with customers and suppliers. Wiersema fails to discuss the architecture of an ABC system, the attributes that must be added to that system, and the critical need to validate the data gathered; rather, he exclusively emphasizes the information that must be created. Wiersema fails to mention that ownership of the ABM program with an easily maintained information system must be transferred to line management for ABM to be successful. An ABC Manager's Primer by Gary Cokins et al. (1993), a publication of the Institute of Management Accountants, Peter Turney's Common Cents: The ABC Performance System (1991), and Douglas Hicks's Activity-Based Costing for Small and Mid-Sized Businesses (1992) are significantly more comprehensive and ABM oriented. D. C. Daly; Metropolitan State University

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