Research On The Cost Management Of Advanced Manufacturing Based On Value Chain

Advanced manufacturing industry become the main development trend of currentmanufacturing industry with the promotion of economic globalization and theinformation technology revolution. Advanced manufacturing industry is a new industryof automation, informationization and intellectualization formed by using high and newtechnology based on the traditional manufacturing, it’s development intrinsicallydetermines the international competitiveness in a country. The cost management plays avital role in the development of enterprises, the traditional cost management is notconducive to form cost advantage of advanced manufacturing industry. Therefore, wemust strengthen the cost management, introduce and implement the cost managementmethod that is suitable for advanced manufacturing industry. As a kind of all-round andmulti-level cost management idea, value chain cost management extend the range of thetime and space of traditional cost management, is conducive to improve the costmanagement effectiveness comprehensively of advanced manufacturing industry and toform the competitive advantage of sustainable growth. Therefore, we proposed theresearch of advanced manufacturing industry’s cost management from the perspectiveof value chain in the paper.This paper first introduces the value chain, value chain cost management, advancedmanufacturing industry and other relevant theories, summarizes the cost managementfeatures of advanced manufacturing industry under the perspective of value chain,proposes the steps to implement value chain cost management, and secondly, constructsthe internal and external cost management system under the perspective of value chain,internal cost management system includes cost budgeting, cost control, cost accountingand cost assessing, external cost management system includes the classificationmanagement of upstream and downstream, competitor analysis and the integration ofexternal value chain, makes the cost management of advanced manufacturing industrycombine with the value chain, to form the cost management system of strategic,comprehensive and forward-looking. Then uses fuzzy analytic hierarchy process toevaluate the effect of cost management, and make case analysis with an advancedmanufacturing enterprise which is given the results of the evaluation, the evaluationresult shows that the overall effect of cost management is better, and the individual evaluation is generally, for the problem still exist in implementation process, should beimproved. Finally, proposes cost management optimization strategy of advancedmanufacturing industry.