Research On Strategic Cost Management Based On Value Chain

The competition between modern social enterprises has become more fierce,and the ever-changing external environment of enterprises has placed higher requirements on the cost management of enterprises.As user needs become more and more personalized,today's business cooperation is increasingly strengthened and the global economic integration environment is today.The competition among enterprises is no longer limited to the price,cost,quality,etc.of the previous products or services,but gradually evolves into a competition for competitive advantages among enterprises.Under such circumstances,enterprises must find a way to The method to reduce the cost of the enterprise while maintaining the competitive advantage of the company.At this time,the strategic cost management based on the value chain is a method that can effectively control the cost,Through the integration of the company's value chain and coordination of internal and external resources of the company can help companies create cost advantages,the purpose of creating a cost advantage for the enterprise is achieved.This strategic cost management based on the value chain has become a new type of cost management model for enterprises,which occupies a more prominent position in enterprise management.This article uses induction,deductive method and case analysis method to analyze the case of YOUNGOR 's strategic cost management.Analyze the practices of each link in YOUNGOR 's value chain,and how to optimize resources allocation.In order to improve the company's overall profits and the efficiency of the use of resources and how to carry out various technological innovation and talent strategy,in order to maintain the company's long-term competitive advantage.This article first describes the related concepts and theories of value chain and strategic cost management,and focuses on the application of the links between them,and leads to the strategic cost management based on the value chain.For the case section,it first introduces the basic situation of YOUNGOR,including the analysis of some financial indicators of YOUNGOR and its core competitiveness.The company's internal value chain,industry value chain and competitor value chain are elaborated.In terms of internal value chain,YOUNGOR strengthens technological innovation,introduces advanced foreign automation equipment and information technology,implements human resource strategy to optimize logistics costs,optimizes logistics system and configuration,and for industrial value chain,it cooperates with upstream suppliers to create Supply chain,optimize the transformation of downstream customer value chain,and at the same time optimize and adjust its own organizational structure;for the competitor value chain,it is through the merger and mutual cooperation to further strengthen its own strength.From the analysis,the strategic cost management of the company's implementation of the value chain can save costs and enhance the competitiveness of the company.Through the specific analysis of YOUNGOR 's company,we can conclude that the implementation of strategic cost management is an inevitable trend for enterprises,which helps companies to create cost advantages,improve the efficiency of business management,enhance the company's core competitiveness,in line with the sustainable development of enterprises demand.By summarizing the experience of YOUNGOR 's strategic cost management,we can conclude that an enterprise wants to maintain its competitive advantage in development,and that it should pay attention to the technological innovation of the enterprise itself in production and operation management,because science and technology are the primary productive forces,and a company's development can not be separated from technological innovation.Only technological innovation can enable enterprises to gain core competitiveness and maintain competitive advantage in market competition.Furthermore,enterprises need to adjust and optimize their own value chains in a timely manner according to the external economic environment.This will help companies maintain their competitiveness.Horizontal companies can use complementary forms of cooperation to learn from the strengths of other companies to make up for their own shortcomings..At the end of this paper,we also provide suggestions for YOUNGOR 's strategic cost management.First,we will strive to improve the lean production of the company to achieve the company's own differentiated strategic needs.Secondly,strengthen the channel construction to obtain more stable customer resources;Finally,through the benchmarking Learning methods,learning the advantages and experience of excellent companies in the apparel industry to maintain their competitive advantages.This article combines examples,discusses and analyzes YOUNGOR's strategic cost management on the basis of the value chain,and puts forward their own opinions on the strategic cost management practices of the company.Summing up experiences and inspirations that are worth learning from.In fact,as an internationally renowned chain company,YOUNGOR has developed through many years and has its own unique management methods and philosophy.It can be seen from the above that the strategic cost management theory has become more and more important among enterprises.With the further development of the market,it will certainly exert greater influence.