Hilton • Maher • Selto Activity-Based Management McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc., All Rights Reserved. 5-3 Activity-Based Management (ABM) Evaluates the costs and values of process activities . . . Activity-Based Costing + . . . To identify opportunities to improve efficiency. Valued-Added Analysis = Process Improvements, Customer Value, & Reduced Costs 5-4 Activity-Based Management ABM adds: 4 Basic Steps Identify & classify the activities related to the company’s products or services. Estimate the costs associated with each activity. Calculate a cost-driver rate for each activity. Assign activity costs to products using the costdriver rate. Identification of value-added and non-value-added activities Identifies the customer perceived value of each activity Identifies opportunities to enhance value-added activities and reduce or eliminate non-value-added activities ? 5-5 The Steps Of ABC 5. Analyze the profitability of products using ABC unit-level and full costing. 4. Use cost-driver rates to assign activity costs to products, jobs, services, and projects by multiplying the use of cost driver base(s) by the cost driver rates 3. Identify cost-driver bases and measure activity cost-driver rates 2. Measure the costs of individual activities 1. Identify and measure the different levels of resource spending 5-6 The Importance Of Customer Value Activities Create outcomes and consume resources VALUE-ADDED ACTIVITIES enhance the value of products and services in the eyes of the customer while meeting the goals of the organization NON-VALUE-ADDED ACTIVITIES do not contribute to customer perceived value 5-7 Non-value Added Activities Why do organizations have incentives to eliminate non-value added activities? Competitors are constantly striving to create more value for customers at lower cost Competition can appear quickly The organization can apply the freed- up resources to valueadded activities or distribute them to the employees of the organization. 5-8 Most Likely Sources of NonValue-Added Activities 5-9 Identifying Value-Added Activities The test for value added activities “Would an external customer encourage the organization to do more of the activity?” YES NO “Would the organization be more likely to reach its goal by performing that activity?” If the answer If the answer is “no” to is “yes” to both or either both it is it is nonvalue-added. value-added. YES NO 5-10 How Should An Organization Measure Value-Added? 5 4 VALUEADDED 3 2 1 NONVALUEADDED Rate on a scale of 1 to 5 Necessary Activities Neither value-added nor non-value-added Technological Requirements Policy Requirements Regulatory Requirements 5-11 Who Should Perform The Measurement Activity? Use a team approach Everyone’s knowledge is limited Everyone is potentially biased in his or her response 5-12 Tasks Required by ActivityBased Management Twin objectives of ABM Identify non-value-added activities to be eliminated or reduced Identify value-added activities to be enhanced Redesign processes to eliminate wasteful spending on non-value-added activities 5-13 Sorting Activities By Cost And Value By comparing the cost to the value of the task, we can identify oversupplied non-value-added activities and undersupplied valueadded activities. By focusing on those low-value tasks with high resource allocation, we can improve efficiency. 5 (highest) 4 3 2 1 (lowest) Total Oversupplied non-value-added activities $100 0 1,200 700 1,000 $3,000 3.3% 0.0% 40.0% 23.3% 33.3% 100.0% 5-14 Sub-Activity Trim excess plastic Recycle trimmings Put piece in box Log out completed order Move order to warehouse Register order in inventory Total elapsed time Identifying Opportunities For Process Improvement Before Process Improvements Elapsed Time: 83 min. 60 min. 25 min. 30 min. 60 min. 28 min. 286 min. Ask “Why?” for each Before Process Improvements step in the process. Elapsed Time: Why do employees need to trim excess plastic from molded 0 min. products? 0 min. and product function Why#1: Appearance requires removal of the excess 25 min. Why#2: Under high-injection pressure, plastic leaks from the edges of the mold Why#3: High pressure is required to mold the min. products15.1 properly Why#4: The design of the molds permits leakage 30 min. Why#5: The molds are based on old designs 12.1 min. SOLUTION: Rework or replace old molds with improved molds to eliminate 82.2 min. the need for trimming and recycling. 5-15 Sub-Activity Trim excess plastic Recycle trimmings Put piece in box Log out completed order Move order to warehouse Register order in inventory Total elapsed time Identifying Opportunities For Process Improvement Before Process Improvements Elapsed Time: 83 min. 60 min. 25 min. 30 min. 60 min. 28 min. 286 min. Ask “Why?” for each Before Process Improvements step in the process. Elapsed Time: 0 min. Why are we spending so much time on non-value-added record keeping and min. the 0correction of recording errors? 25 min. SOLUTION: Install a bar-coding system to mark and track all 15.1 min. orders electronically 30 min. A bar-coding system creates a unique bar code for each order 12.1 min. and allows the company to mark and track 82.2 min. all orders electronically 5-16 Sub-Activity Trim excess plastic Recycle trimmings Put piece in box Log out completed order Move order to warehouse Register order in inventory Total elapsed time Identifying Opportunities For Process Improvement Before Process Improvements Elapsed Time: Before Process Improvements Elapsed Time: 83 min. 0 min. 60 min. 0 min. 25 min. 25 min. 30 min. 15.1 min. 60 min. 30 min. 28 min. 12.1 min. 286 min. 82.2 min. After process improvements, total elapsed time has been reduced to 82.2 minutes. If we assume a cost of $10 per hour, what is the cost savings? 5-17 Sub-Activity Trim excess plastic Recycle trimmings Put piece in box Log out completed order Move order to warehouse Register order in inventory Total elapsed time Identifying Opportunities For Process Improvement Before Process Improvements Elapsed Time: Before Process Improvements Elapsed Time: 83 min. 0 min. 60 min. 0 min. 25 min. 25 min. 30 min. 15.1 min. 60 min. 30 min. 28 min. 12.1 min. 286 min. 82.2 min. Time Saved: 286 min. - 82.2 min. 203.8 min. ÷ 60 min/hr 3.397 hrs. Cost Savings: 3.397 hrs. × $10/hr. $33.97 5-18 Implementation Of ActivityBased Costing & Management The Focus of ABC The Focus of ABM Developing improved product or service costs given current processes Identifying opportunities for improving processes Consider cost-benefits 5-19 Implementation Of ActivityBased Costing And Management What Organizations Adopt ABC and ABM? Companies facing price competition Companies producing many different, complex products from common facilities 5-20 Can You Be Sure That ABC And ABM Will Be Successful? What is the scope of the ABC or ABM project? Pilot Project Organizationwide System What is a “pilot project”? Why use a “pilot project”? A project of limited scope that is intended to be a small-scale model of an organizational system. Anticipate the linkages across departments, groups and processes. Anticipate the data gathering and reporting requirements. 5-21 Can You Be Sure That ABC And ABM Will Be Successful? What resources are necessary? Management Commitment Educate top management as to cost/benefits Technology Begin with existing commercial software Personnel and Time Significant projects will require a threeto four-person, cross-functional team at least four to six months of full-time effort 5-22 Can You Be Sure That ABC And ABM Will Be Successful? How can you anticipate and overcome resistance to change? Education and Training Prevent or Minimize Resistance by: Incentives that Encourage and Reward Change Widespread Sponsorship and Participation Effects of Culture Be Sensitive to Differences in National Cultures 5-23 Can You Be Sure That ABC And ABM Will Be Successful? How do you gather information? ABC and ABM require information that is not normally available from an organization’s information systems Observation This information can be generated by: Interview Survey 5-24 END