About This Book

Strategic Cost Management focuses on the use of cost analysis and management techniques to improve strategic positioning, optimize resource utilization, and enhance business performance. It extends beyond cost reduction by emphasizing value creation, process improvement, customer satisfaction, and sustainable competitive advantage. By aligning cost management practices with organizational goals, SCM enables managers to make informed decisions regarding pricing, product design, market positioning, operational efficiency, and investment strategies.

This book aims to provide a comprehensive understanding of the concepts, principles, tools, and applications of strategic cost management in contemporary organizations. It explores key topics such as cost behavior analysis, value chain analysis, activity-based costing, target costing, life-cycle costing, quality costing, benchmarking, strategic pricing, performance measurement, and cost control techniques. The text also highlights the role of strategic cost management in supporting innovation, continuous improvement, and organizational competitiveness.
Dr.V.DEEPHA