Comprehensive Strategic Cost Management Perspective For Cost Management Optimization Of Xin’Ao’s Coal Chemical Enterprises

Since the international financial crisis in2008, the world economic recovery is very slow, It’s tough job for the enterprises to maintain core competitiveness in the fierce market competition, and which also put forward higher requirements for the top management to encounter the various challenges, especially for the Coal-Chemical industry which has the complex manufacturing process with much more by-products, As now the whole industry was under the condition of the overall excess production capacity, if you want to keep the market position in the future, Cost optimization is the key to enterprise to go alive and obtain the substantial development, but in the past, the average level of cost management of the coal chemical industry is not too high, which was mainly because that under the background of high speed development of the industry in the past, the companies focus on how to enlarge the production scales and sales promotion instead of the cost management, and also the longer production value chain generate too many difficulties for the cost management, but the development modern was facing the severe challenges if you cannot do better in cost management, you can survive at this time and will be defeated by other competitors, companies must attach great importance about cost management in strategic level, to build up the advanced cost management mechanism on the multiple perspectives of organization, process and IT systems, and apply to go live for stable operation as soon as possible, which can fundamentally improve the cost management level of enterprises, lay the solid foundation for the enterprise’s sustainable development. Based on the modern cost management theory, this essay combined the theoretical and practical analysis, from the perspective of comprehensive strategic to analysis the cost management of coal chemical industry, and combining with the actual operation case of Xin/Ao’s coal chemical subsidiaries, to build up the comprehensive strategic cost management model, and apply it to optimize the purchasing-inventory costs management of the companies, and also put forward the specific management measures based on the new comprehensive strategic cost management model.The essay’s main work includes:firstly, to illustrate the research situation for this topic in domestic and abroad and research method and framework, also include the basic theory of cost management. Second, through the on-site interview about the Xin’ Ao’s current cost management position to comb and summarize the problems about cost management and provide the primary optimization direction; Third, to set up the future optimized strategic cost management model for Xin’Ao based on the advanced strategic cost management theory and the companies’ actual operation, and also suggest the specific cost optimization. Fourth, to analysis the feasibility of the application of strategic model by the actual case.