Research On Strategic Cost Management Of W Catering Company

The catering industry is supposed to play a growing important role in consumption growth in China in recent years due to the rapid development of the catering industry and the dramatically increasing consumer demand.However,within this situation,W catering company,are confronted with challenges: increasing competition pressure and costs.The company’s cost management system is backward and lacks an advanced cost management system,which severely restricts the company’s development.Therefore,improving cost management is the key to promoting the healthy and stable development of W Catering Company,and it is also one of the necessary factors to ensure that W Catering Company obtains a competitive advantage.It is of great significance to improve the accuracy of cost accounting,reduce the company’s operating costs,and maximize the company’s benefits by constructing the strategic cost management system of W Catering Company.The research is divided into three parts.The first part will analyze the domestic and foreign research status of cost management and catering enterprise cost management,expounds the theories of strategic cost management,standard costing and activity-based costing.In another part,the research is expected to focus on the current status of cost management system of W catering company,analyzes the system existing problems and improve the company’s cost management by constructing a strategic cost management system.In this step,it is expected to analyze the company’s strategic cost and design the W Catering Company’s strategic cost management system firstly.Then,researchers will use standard operating cost management system to analyze the cost of materials of the dishes.This method will show the problem of cost management by analyzing the difference between the actual cost and the standard cost,which can lead to a more effective cost management.For the dishes that cannot be directly calculated by costs,the activity-based costing method could be another choice,in which cost is allocated twice for resources-operations-products.It is easier for manager to learn which step of cost management can be controlled and optimized,which contributes to more scientific cost management.Finally,the performance appraisal is carried out through the balanced scorecard,which realizes the participation of all staff in cost management and carries out effective supervision and control.At the end of the article,it puts forward the safeguard measures of the strategic cost management system from three aspects:establishing the concept of strategic cost management,implementing the whole process cost management and improving the cost management awareness of all staff of W Catering Company.This article aims to explore the possibility of using standard operating cost management system method in catering industry based on strategic cost management.at the same time,the article is also to provide an instance for the cost management of corporate catering companies by setting up a standard operating cost management system to optimize the cost management system of W Catering Company.