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- Title
Cost-System Redesign at a Medium-Sized Company: Getting the Right Numbers to Drive Improvements in Business Performance.
- Authors
Stout, David E.; Bedenis, Gregory P.
- Abstract
The article examines how activity-based costing (ABC) system has improved the pricing and product decisions of XYZ company and how it spurred business process improvements, which allowed the company to become more effective. Proper inventory management in every company supports organizational objectives of customer service, productivity, profit and return on investment (ROI). The company found that ABC systems provide better estimates of the resource demands of their output, customers and the distribution channels. The general elements of the ABC system includes resource drivers, cost objects, resources and activity cost drivers.
- Subjects
ACTIVITY-based costing; BUSINESS planning; CORPORATE finance; ORGANIZATIONAL change; INVENTORY control; FINANCIAL management; CORPORATE profits
- Publication
Management Accounting Quarterly, 2007, Vol 8, Issue 4, p9
- ISSN
1528-5359
- Publication type
Article