Activity Based Management - eLearning
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What information do you need as a manager? Not what you get in your monthly management accounts, which is a record of how input costs – such as people, consumables, rent and rates – vary against a prediction – the budget – made twelve to eighteen months previously.
Activity Based Management (ABM) provides the information you require for making the key decisions that boost business performance. This includes information such as the true cost of making products, providing services and the costs of servicing customers. It looks at which products, services and customers are profitable and which are not, as well as the level of resource required in future periods to make predicted volumes of products and provide planned levels of customer service.
Packed with detailed examples, drawn from practice, this course will help you to put these challenging ideas into practice in your own or your clients' organisations.
Upon satisfactory completion of this activity you will be able to:
• Measure and identify opportunities to enhance product and customer profitability.
• Plan resource requirements, improve processes and reduce output costs.
• Use the data in the business to identify areas for financial improvement and model the outcome of different actions.
This course provides you with the information you need to consider when implementing a course of action to improve efficiency and profitability.
No materials distributed.
No assessments required.
Topic: Business Mindset
Sub-Topic: Operational Excellence, Strategy
Proficiency Level: Intermediate
CPD: 4 hours