The Research On Integrated Cost Management Framework And Application For Steel Industry

In recent years, the economic slowed down, and the competition in the steel industry became fiercer. This led to a substantial decline in steel industry’s profits. These are in need of a best enterprise cost management.However, the concepts and methods of a single cost management has been unable to adapt to an increasingly competitive external environment, res scholars are turning to integrated cost management of modern enterprise management environments. From the view of current research on the theoretical basis of the integrated cost management, the concept and connotation of integrating cost management, cost management integrated management systems. The cost method is changing. Numerous studies promote the development of the theoretical aspects, in particular the huge role of cost management approach integrated framework for enterprise development has been played widely recognized. However, how to build an integrated framework for cost management is still a problem. in practice the difference between different industries on cost management approach put forward different demands, which illustrates the theory need further study and improvement.By studying cost management theory and integrated architecture with the steel companies external environment, production processes and cost accumulation path, and as a basis to build an integrated iron and steel enterprise cost management architecture, and integrated analysis of Fujian Sanming Steel Group through cost management architecture case to illustrate the advantages of cost management integration architecture practice in the steel industry and areas for improvement. It is expected to provide some help to make iron and steel enterprises maintain a competitive advantage, improve economic efficiency, cope with the impact of the international financial crisis and the domestic slowdown.This paper is divided into the following four parts:The first part contains Chapter 1 Introduction, Chapter Ⅱ integrated cost management framework and Chapter Ⅲ integrated iron and steel enterprise cost management framework. This section analyzes the related works about the management integration architecture, then, combined with the external environment on the accumulation, production processes and costs in the Path of China’s steel enterprises, introducing to a variety of target cost management as the core role of cost management cost management methods common integration framework to build an integrated steel enterprise cost management frameworkThe second part is made of the fourth chapter of Fujian Sanming Steel Group’s cost management structure consisting of case studies. This part aims at Fujian Sanming Steel Group as a case management approach to integrated steel companies cost structure of the practical application of research. According to Fujian Sanming Steel Group in application integration architecture for cost management methods applied in practice are analyzed based on the model combined with cost management integration frameworkThe third part consists of recommendations for improvement of Fujian Sanming Steel Group Chapter Ⅴ and Ⅵ Experience Fujian Sanming Steel Group Cost Management Integration Framework. The main part of the Fujian Integrated Architecture Group’s cost management experience in three steel summarize and make recommendations for improvements.Part Ⅳ is Chapter Ⅶ Conclusion components. This section summarizes the steel cost management integration architecture problems which need attention, to help Fujian Sanming Iron and Steel Group and other companies to improve cost management system.