Open AccessThe Application of Value Chain Cost Management in M Company
Author(s) -
Wu Ning,
Qing Yuan,
Mengjing Xiao,
Yeling Zhao,
Xiaoyan Chen
Publication year - 2020
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/768/5/052029
Subject(s) - business , competition (biology) , industrial organization , value (mathematics) , maximization , premise , downstream (manufacturing) , value chain , upstream (networking) , product (mathematics) , market competition , marketing , supply chain , microeconomics , economics , computer science , market economy , mathematics , ecology , linguistics , philosophy , computer network , geometry , machine learning , biology
From the perspective of competition, the competition of value chain has gradually become the main form of competition among enterprises, and is no longer merely the internal competition between enterprises. At the same time, the upstream and downstream related industries as well as the competition between peer enterprises also came. As one of the important ways to create enterprise value, cost management should adapt to the changes in the market environment. If enterprises want to reduce enterprise costs on the premise of ensuring product market demand, they can apply value chain cost management to achieve cost minimization and value maximization through strengthening and improving each link.