Part I:
How can activity based management and activity based costing (ABC) benefit an organization? Specifically, address the following points.
How does ABC differ from other allocation methods?
Describe the main characteristics of ABC.
What type of companies tends to benefit from ABC?
Comment on a company (research Internet) that has implemented ABC.
What type of company is it?
Was it successful?
Part II:
The below concepts are all applied by many business in an attempt to be more efficient and reduce costs. Create a table describing at least three of the concepts below and how implementation may benefit an organization.
Lean manufacturing
Just-in-time
Theory of constraints
Total quality control
Value chain