Research On Strategic Cost Management Of CH Chemical Co., Ltd

With the accelerated pace of technological progress and globalization,China’s economic system reform has also been further deepened.At present,the development of the chemical industry is at an important node in history.Influenced by the COVID-19 epidemic and the international trade situation,the development of the phosphorus chemical industry is facing the threat of severe situations such as rising resource costs and increasing pressure on safety and environmental protection.Strengthening its own strength and green development have become the top priority for phosphorus chemical enterprises.With the changes in the global economic situation,the phosphorus chemical industry is experiencing a series of challenges.On the one hand,phosphorus chemical enterprises need to cope with external challenges,and on the other hand,they also need to withstand internal pressure.Due to the limitations of investment cycle and production scale,many phosphating enterprises are difficult to achieve rapid growth in the short term.With the rapid growth of the phosphating industry today,most enterprises have begun to attach importance to cost management,but this traditional approach centered on internal cost control cannot effectively respond to the current market environment.Therefore,these enterprises must transform their original cost management methods and place themselves in a new and sustainable environment to achieve their sustainable development.CH Chemical Co.,Ltd.needs to transform its cost management philosophy from simple internal control to comprehensive,effective,and sustainable long-term strategic planning.Companies need to strive to explore new cost control methods and actively seek new ways of economic growth to improve their competitiveness.After systematic research,we carefully explore the company’s cost control situation from the perspective of strategic positioning,value chain,and cost analysis,combined with the actual situation and annual reports of CH Chemical Co.,Ltd.The results show that the company’s cost control ability needs to be improved,and there is a lack of effective human resource construction planning.Through PESTE analysis method,SWOT analysis method,and various other analysis tools,we deeply explore the strategic cost management of CH Chemical Co.,Ltd.,as well as various factors that affect the company’s development.We will comprehensively consider the company’s financial situation at the macro,micro,and overall levels in order to develop effective financial strategies.By adopting the Sanke model,CH Chemical Co.,Ltd.can effectively improve its value chain,and through continuous innovation,achieve leading positions in multiple dimensions such as production technology,cost control,competitiveness,and ultimately achieve the development goal of differentiation.After in-depth research,we have launched a series of complete production process control systems and various effective marketing strategies,aimed at helping this company and other peer companies better achieve their strategic objectives.After in-depth analysis,we have decided to take CH Chemical Co.,Ltd.as our research object and conduct strategic cost management for the company in the application of the Sanke model.We hope that this exploration can bring beneficial enlightenment to CH Chemical Co.,Ltd.’s strategic cost management and effectively promote the sustainable growth of the entire chemical industry.