ABC – Activity Based Costing is the basic tool to know which products or services make or lose money. Generally, ABC is designed to provide profitability information for each segment of their product or service market matrix. Knowing this information, managers can design an effective course of action to pursue, such as changes to price, product distribution and sources of supply.

Resource Module and Drivers

Cost Management (Activity Based Management) – Cost management is a set of practical skills centered on activity-based costing and business insight that can be understood and continuously used by management on the decision making process. Cost management gives management an enterprise view of all costs and their relationships to one another. It identifies trends and variances in activities and their costs, thus, enabling management to operate proactively and manage costs more efficiently.

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