APPROPRIATE STRATEGIES FOR STRATEGIC COST MANAGEMENT AND ITS ROLE IN ACHIEVING COMPETITIVE ADVANTAGE-AN APPLIED STUDY IN A LIGHT INDUSTRIES COMPANY

Abstract

Reducing costs is considered one of the most prominent concerns of management, companies use the following traditional tools or strategies such as cost accounting styles or approaches administrative styles or approaches, operations studies and research strategies, industrial engineer in strategies styles or approaches it developments in comp rose of the faller garter meteor and changes, have become useless because they focus on cost without focusing on quality on the one hand, and as a result of changing the composition of cost elements thanks to automation on the other stay hand, comp rose of the faller garter meteor cost management in these companies had to adopt modern strategies that keep pace with the current changes and focus on both dimensions. The comp rose of the faller garter meteor modern cost management strategies are the activity-based costing system and reverse flow, on-time production, target cost improvement value engineering analyses comp stay rose of the faller garter meteor total quality management for metros and cycle cost analysis products life.