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Activity-based Cost Management: An Executive's Guide

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Activity-based Cost Management: An Executive's Guide

(11 customer reviews)

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ACOMMP2_book_usedgood_047144328X

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Proven strategy for reducing production and operating costs while increasing profits
As the growth of the Internet shifts power to consumers, the pressure on companies to keep prices low will continue to mount. Increasingly corporations are relying on "margin management" and supply chain management as a means of keeping prices low while raising profits. Activity-based costing and management (ABC/M) data is key to succeeding in both these critical management strategies. This book explains how executives can effectively use the information furnished by cutting-edge ABC/M systems. The author, an acknowledged expert in the field, clearly defines the ABC/M system and explains how to use the information it provides for best results. He provides a rational framework for understanding the fifteen key defining characteristics of ABC/M and arms readers with an ABC/M Readiness Assessment test along with extremely user-friendly exhibits.
Gary Cokins (Far Bingham Farms, MI) is Director of Industry Relations at ABC Technologies, the world's leading supplier of activity-based information software. He is an internationally recognized expert, speaker, and author.

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Product Details

Author:	Gary Cokins
Hardcover:	384 pages
Publisher:	Wiley
Publication Date:	September 07, 2001
Language:	English
ISBN:	047144328X
Product Length:	9.54 inches
Product Width:	6.62 inches
Product Height:	1.27 inches
Product Weight:	1.58 pounds
Package Length:	9.3 inches
Package Width:	6.2 inches
Package Height:	1.1 inches
Package Weight:	2.15 pounds
Average Customer Rating:	based on 11 reviews

Features

ISBN13: 9780471443285
Condition: New
Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!

Customer Reviews

Average Customer Review: 5.0

( 11 customer reviews )
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Most Helpful Customer Reviews

15 of 15 found the following review helpful:

Great starting point and continuing reference Dec 20, 2002 By Michael Frank
This book is an excellent resource for learning and understanding ABC accounting. Unlike many web articles and white papers, Gary's book is a practical not academic approach from someone who has been there, done that, and has the t-shirt. It's filled with lots of explanatory diagrams which help to visualize the concepts presented and are useful when presenting on a high-level to executives under time constraints for reading. Chapter 1 clearly presents ABC basic concepts while Chapter 2 is a direct follow-on expanding the depth and breath of those basic concepts. Chapter 3 addresses the question that all senior management wants to know: Are all your trading partners worth it to you? Subsequent chapters focus on typical ABC modeling applications most relevant to organizations. Chapter 6 gives a very good cross-comparison of project/work order costing vs. ABC that is very helpful to project-centric organizations in understanding how ABC differentiates itself. Chapter 7 succinctly places ABC software in the reengineering software spectrum without getting lost in a technological morass. Chapter 9 addresses rapid prototyping for getting initial results from the methodology that can be tweaked iteratively to grow a more sophisticated ABC model. In conclusion, I highly recommend this book and look forward to Gary's "ABC Management - Making it Work" which is next on my ABC must-read list.

6 of 6 found the following review helpful:

Gary has brought ABC into the new Millenia Jun 04, 2002 By Rod MacPherson
Gary has consistently led the pack by not only illustrating the realities and benefits of ABC, but by explaining how to apply and develop it within new and emerging integrated management environments. This book addresses issues such as Strategic Cost Management, TOC and Capacity management to show how these multiple and complimentary methodologies can be harmonized. Another winner !

Rod MacPherson
President,
StratiSys Consulting Inc.

6 of 6 found the following review helpful:

Activity-Based Cost Management -- An Exucutive's Guide Jan 24, 2002 By Crystal Cobb
This is an excellent, informative, easy-to-read reference book. I refer to it as a reference book as opposed to an end-to-end text book because you don't have to start at the beginning and read the chapters sequentially in order to understand what you are reading. In today's business world of capitalilzing on your supply chain by measuring internal processes as well as customer/vendor performances, executives need a tool such as this book to use as a quick "help desk" to learn how to measure complete processes to see how profitably resources are being deployed. Having a tool that explains how to figure out which of your customers, vendors, and internal processes are profitable to your business is invaluable.

3 of 3 found the following review helpful:

Outstanding Executive's Guide to Understanding ABC/M Nov 13, 2002 By John A Kreuser
Gary does a wonderful job in explaining not only what is ABC/M but also why it is needed is today's competitive environment. I enjoyed the discussions on defining and measuring capacity as well as the cost of quality. If you're looking for a book that describes ABC/M and it's uses, this is it!

3 of 3 found the following review helpful:

There is something for everyone Jun 05, 2002 By JAIR KITNER
As a matter of fact, I have only read the three first chapters of the book, because my objective was to have an overview of the subject. In this sense, I would for sure give 5 stars to the book, and recommend it for every manager that should have not only and overview of ABC/M, but also would be looking for valuable insights regarding the implementation of ABC/M initiatives.

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