ABC is then presented as a means for SMEs to achieve cost savings and transparency in their operations that can help them achieve competitiveness in the global marketplace.A literature review outlines what previous researchers have found during investigations of ABC implementations in SMEs and presents a framework that shows the impact of SME characteristics and ABC implementation challenges on the implementation process and outcomes achieved.
ABC is then presented as a means for SMEs to achieve cost savings and transparency in their operations that can help them achieve competitiveness in the global marketplace.Tags: R Daction D'Une DissertationCollege Essay ConsultantsVirtual Team Research PaperProblem Solving LessonHow To Write An Essay On A FilmEntrepreneurship Essay TopicsLiteratures Review
ABC enables companies to achieve and maintain competitiveness in the global marketplace of the twenty-first century.
ABC has been successfully implemented in large firms, and researchers are now finding that ABC can be the key to creating a competitive edge in small to medium enterprises, which, worldwide, represent close to ninety-seven per cent of all permanent, full-time jobs .
The above facts indicate that SMEs, the world’s civil society builders, represent a significant segment of commerce worldwide, providing employment to the most people worldwide, fostering innovation, attracting talent, stimulating economic growth, serving as suppliers and incubators for larger firms, providing opportunities to fight poverty, and contributing to economic development.
Over the past few years, global competition, volatile markets, and a demanding cost accounting environment have put pressure on SMEs which, in many cases, threatens their success [19,20].
traditional costing systems and presents arguments for the potential benefits to the world’s millions of small to medium business (SMEs) from implementing ABC.
Issues related to the implementation of ABC are discussed.
This paper presents a simulation study of a re-manufacturing system for electronic devices, which applies an activity-based costing (ABC) method to evaluate different system configurations.
Unlike the typical metrics such as resource utilization and throughput used for simulations of processes to guide system improvements, the utilization of the cost aspect has been explicitly considered in this paper, as it is directly related to practice.
A real data set obtained from actual re-manufacturing operations has been used for our case study.
We quantitatively show how utilizing the concept of ABC to capture the direct labor cost and material labor cost can help make better decisions in selecting re-manufacturing system configurations.