Activity Based Management - ABM
Using an activity-based costing system to improve the operations of an organization.
Investopedia Commentary
Many managers will attempt to use an activity-based costing system to identify the source of deficiencies in the system. Once the deficiency is identified, the manager can then attempt to correct it to improve efficiency.
Related Links
Evaluating A Company's Management
See also: Accounting, Activity Based Budgeting, Supply-Chain Management, Zero-Based Budgeting
Also spelled: ABM