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| Author: | Cokins, G. |
| Title: | Identifying and measuring the cost of error and waste |
| Journal: | Journal of Cost Management
2003 : MAR/APR, VOL. 17:2, p. 6-15 |
| Index terms: | Cost accounting Measurement |
| Language: | eng |
| Abstract: | This article places waste management in its proper perspective - as a local management responsibility. As software companies pitch products based on the management advantages of system-wide cost and performance management information perspectives, the article reminds that costs are measurements of performance. When those costs can be characterized in terms of precise performance attributes, people can use this information to improve performance. Local operations know their cost and activities best, and this article demonstrates the waste management and performance advantages organizations accrue when the overall activity-based cost management (ABC/M) system plays parent to carefully selected offspring ABC/M systems. |
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