Articles
Cost Technology’s experts frequently share their knowledge and perspectives on relevant business principles and ideas. Learn more about the firm’s strategic vision in the articles featured below. If you have a question or area of interest not addressed in the content below, please submit an expertise inquiry.
Performance Insights – 5 Steps to Making Profitable Decisions
By Dr. Peter Turney CEO, Cost Technology Make Decisions That Count Good managers focus on developing and implementing successful strategies. They don’t take high performance for granted. They ask the right questions, test the best ideas, and make only those decisions that are proven to improve the bottom line. Testing and adopting the best ideas (Continue Reading)
Activity-Based Costing – An Emerging Foundation for Performance Management
This article examines the evolution of ABC in the context of its technology life cycle. It summarizes the history of ABC according to the phases of its life cycle, highlights its expanding functionality over time, and details the lessons learned from two decades of use. It concludes with a depiction of the current state of ABC the foundation of performance management systems. (Continue Reading)
Getting Results from Scorecards Using Business Analytics
Perform Magazine
Effective execution of strategy is a challenge for many organizations. This article describes how organizations benefit from integrating scorecards with business analytics. It shows how analytics identifies performance gaps, analyzes problems, and helps select the decisions that lead to the best results. (Continue Reading)
Creating Value in a Down Economy
sascom Magazine
What if you could deliver 400% of last year's net income without increasing revenue or laying off staff? What some might consider a pipe dream could be reality with today's technology and experience. Here, Dr. Turney explains how activity-based costing (ABC) can identify your profitable customers – helping you potentially recover your losses and survive the down economy. (Continue Reading)
Linking ABC and the Balanced Scorecard
BetterManagement.com
Linking ABC to the scorecard helps keep the spotlight on results. If people are responsible for performance measures of cost and profitability, they will pay very close attention to cost and profitability. (Continue Reading)
Extending the Value of Cost Management in Government
A White Paper by Cost Technology & SAS
Today, ABC is a management practice found in diverse organizations, including
government. The multitude of functions provided by state and local organizations, including
transit and health services, makes them just as complex and diverse as manufacturing
companies and, therefore, enables them to truly benefit from a technique that reveals the
sources of cost and profitability, non-financial performance. (Continue Reading)
Ten Myths that Create Barriers to the Implementation of Activity-Based Cost Systems
Cost Management
This article examines ten myths of product costing identified from the comments of managers and academics and identifies the conditions under which they are true and those under which they are not. (Continue Reading)
The Impact of Continuous Improvement on the Design of Activity-Based Cost Systems
Cost Management
Continuous-improvement programs are multifaceted, but they usually include steps to eliminate waste, reduce response time, simplify product design, and improve quality. To support these efforts, ABC provides valuable economic information to guide product strategy and process change. (Continue Reading)
The Drivers of Successful ABC Implementation Q&A
BetterManagement.com
Over the course of the past several years, Dr. Turney has delivered a multitude of presentations and webinars focused on successful ABC implementations. This article is a compilation of questions submitted on this topic. (Continue Reading)
The ABC Assessment Obtaining the Highest Value from Your Implementation Q&A
BetterManagement.com
Over the course of the past several years, Dr. Turney has delivered a multitude of presentations and webinars focused on maximizing the value generated by ABC implementations. This article is a compilation of questions submitted on this topic. (Continue Reading)