COST MANAGEMENT

Strategic Cost Management is an in-depth exploration of cost management as a strategic tool, going beyond traditional cost-cutting practices to view cost management as integral to building competitive advantage. The book emphasizes a holistic approach to understanding costs within an organization’s strategic framework, offering methods to align cost structures with business goals and achieve a balanced, value-driven approach. With insights into the latest practices and theories, the book covers a broad spectrum of topics, including cost analysis, activity-based costing, value chain analysis, and performance measurement. It also explores how to identify value- additive activities, optimize resource allocation, and refine operations to maximize profitability without compromising quality. Through real-world case studies and hands-on tools, Strategic Cost Management provides actionable strategies for managers and leaders to drive innovation and operational efficiency