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nyah95 nyah95
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One way to implement activity-based management is to take a fresh look at the activities performed in an organization to see if a business process can be changed so it can reduce costs. As part of a team responsible for implementing an activity-based costing system, you are to investigate business processes for your company and specifically investigate processes in products that are not profitable. You have been introduced to the terms, Process Improvement and Business Process Reengineering.
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Define activity-based management and list four ways managers use activity-based costing information and define process improvement and business process engineering.
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Managerial Accounting

Managerial Accounting


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The process of using activity-based costing information to manage a business's activities, and thus its costs, is called activity-based management. Managers use activity-based costing information for product costing and cost control and to make decisions regarding pricing, customer profitability, distribution channel profitability, and process improvement.
Process improvement is the examination of business processes to identify incremental changes that may reduce operating costs. For example, if the process of moving material to the production floor has been done in an inefficient manner, if the managers can find a less expensive way to move raw materials into the factory, the result will be a process improvement and less cost.
Business process reengineering (BPR) is a managerial tool that focuses on improving the efficiency and effectiveness of an organization's business processes through radical change.

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