Who develop activity based costing?

Activity-based management and activity-based costing (ABM/ABC)

have brought about radical change in cost management systems.

ABM has grown largely out of the work of the Texas-based

Consortium for Advanced Manufacturing-International (CAM-I). No

longer is ABM's applicability limited to manufacturing organisations.

The principles and philosophies of activity-based thinking apply

equally to service companies, government agencies and process

industries. The acronym itself has evolved from ABC to ABCM (activity-based cost management) to ABM, and the application of ABC

evolved from a manufacturing product costing orientation to a management philosophy of activity management applied in industries and

organisations other than manufacturing.