Finance

Quantum Costing: The Better Alternative to ABC (and the Cost Model You Always Wanted)

In many sectors, Activity-Based Costing is being replaced by Quantum Costing, a newer and more accurate alternative that adds power and benefits to cost analysis. Randy MacLean explains the differences here.

February 23, 2023

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For decades, Activity-Based Costing (ABC) has been an important tool for analysts and business leaders to assess their production and make course corrections necessary for survival and success.  Today, there’s a much more detailed and accurate alternative — Quantum Costing — which calculates precise costs and profits at every level of detail.  For many companies, this has been a game-changer. To understand the advantages and benefits of Quantum Costing, let me provide some groundwork…

My Costing History

Fifteen years ago, I set out to create the kind of costing and profit analysis system…

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