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An ABC Initiative is Only as Effective as the Software That Supports It
Rajendra Patil, Consultant, India, Member
For any change initiative or performance improvement initiative that is taken in an organization, it is always important that the goal of the initiative has to be finalized first. This is true for Activity Based Costing (ABC) initiative also. While finalizing this goal or objective, the organization should consider the requirement and target outcome of each functional group of the organization. Any conflicts that arise should be resolved against the common objective of the organization. During this part, there has to be management’s buy-in for the initiative as well as the objectives.
Whatever is the method used for this, the primary objective of the organizations for implementing ABC is to provide the various functions in the organizations better and more relevant information to help them take business decisions. For this it is not necessary to have good participation but it is also important that the software that is going to be used is supporting the overall and individual obje... Read more? Sign up for free
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