Identifying and measuring the cost of error and waste

doi:N/A

eISSN: 1848-137X / ISSN: None

Journal of Cost Management

Volume 17, Issue 2 : 6-15

Research Article

Identifying and measuring the cost of error and waste

Gary Cokins

Abstract

A report on cost management systems for identifying and measuring the cost of error and wastes is presented. The activity-based cost management (ABC/M) system distinguishes the work activities by including them in a cost assignment structure or by tagging their costs as an overlay. The organizations permit and encourage ABC/M perspectives and systems at the local level to enhance operational performance and waste decision making.

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