Research On Strategic Cost Management In Medical Device Enterprises

With the constant change of the economic market environment,enterprises are facing greater competitive pressure.In the application of cost management methods,enterprises tend to adopt a single approach,with the lack of mutual connection between these cost management methods.Strategic cost management in cludes a variety of interrelated cost management methods,and is committed to t he overall strategy of the enterprise.To enhance the competitiveness,strategic cost management provides a systematic cost management mode for the enterprise in terms of cost control.This paper describes the concept,objectives,characteristics of strategic cost management,and the application methods of strategic cost management.Based on the domestic and international theoretical research,this paper uses the case study method and the literature research method to study the strategic cost management in medical device enterprises on the basis of the case of XH medical company.This paper firstly describes the current situation of medical device industry,and then analyzes the internal and external environment of the XH company.With the implementation of strategic cost management,the paper analyzes the valu e chain management,strategic positioning and cost drivers management.With the continued profitability and stable development,XH company is more perfect,which not only provide a solid capital to carry out large-scale mergers and acquisitions,but also provide the necessary financial support for the company's research and development of science and technology.Therefore,the company made the independent innovation and acquisitions as the main direction of the development has the possibility of reality.The company's overall strategy is independent innovation and mergers and acquisitions,but the focus of the three business segments are different.Cost drivers management impacts the company's strategy of cost factors.This paper chooses the size of the company,science and technology,total quality management and production efficiency and other key factors,to make the company's strategic cost management focus clear.From the 2008 to 2015,with the implementation of strategic cost management,XH medical company gradually expanded the scale,added the profitability,and achieved good results.The research of strategic cost management in our country mainly focused on the research of the theory level,and the corresponding management methods are seldom used in the enterprise.This paper makes the medical device industry as a strategic cost management application research field,and makes the implementation of the strategic cost management of XH medical device specific as a case study.This paper puts forward suggestions of China's medical equipment enterprises to implement the strategic cost management,and analyzes the advantages and limitations on the application of strategic cost management,hoping to provide a reference for other enterprises to carry out strategic cost management.This paper argues that strategic cost management is an effective management tool,which combines the enterprise strategic and cost management system.With the continuous improvement of the market economy and the continuous improvement of enterprise management,the advantages of strategic cost management will increasingly be reflected,and will be adopted by more and more enterprises.