Research On Cost Control Of HST General Titanium Co.,Ltd. Based On Value Chain

Titanium alloys,which emerged as one of the most important structural metals in the 1950 s,are widely used in social production due to their good heat resistance,corrosion resistance and strength.Thanks to continuous innovations in science and technology,our research in titanium alloy technology has become increasingly mature.However,with the rapid development of the modern economy,competition between companies has become increasingly fierce and the old model of cost control can no longer meet the demands of business development.As a titanium alloy manufacturing enterprise,the company’s ability to control costs has become the key to its competitive advantage.The emergence of the value chain cost control model was exactly in line with the management needs of enterprises.Compared to the traditional model of cost control,value chain cost control is not limited to a single activity of the company and can better adapt to contemporary development needs.This article first provides an overview of the current state of research in the field of value chain theory,cost control theory and value chain cost control theory in Switzerland and abroad,analyses in depth the relevant knowledge of value chain cost control and thus lays the foundation for the cost control study of HST General Titanium Industry Co.The current situation of cost control and the main problems of cost control of HST General Titanium Co.are presented in this article.For the cost control of external vertical value chain,the company needs to improve the supplier management system,improve the procurement system,fully understand the needs of regular customers,and pay attention to the cultivation and management of customer relationships;by collecting information about the competitors in the value chain for external horizontal cost control,actively seeking its own advantages and disadvantages,and seeking horizontal strategic alliances.By paying attention to controllable cost points to strengthen internal value chain control,we achieve the objective of internal cost control of the value chain.Based on the value chain theory,the current cost control situation at HST General Titanium Co.,Ltd.is analysed,and the value chain helps the company find practical ways to reduce costs,which can provide a lasting competitive advantage for the company.At the same time,the value chain cost control has a benchmark significance for other titanium alloy enterprises in the industry to improve the overall value and basic competitiveness of the Chinese industry.