Study On Analysis And Improvement Of The Cost Control Of M&G Stationery

Under the increasingly competitive market economy,cost control,as an important part of the enterprise management,will be an urgent problem for the enterprise to develop.Especially for manufacturing enterprises,it is of great significance for the development of manufacturing enterprises that attach importance to the improvement of the cost control of the enterprise.The domestic stationery tycoon M&G ranked first in the market of subdivided writing instruments.It mainly relied on the continuous development of its market and distribution of sales network.Therefore,the company is winning by its sales.But as a production-oriented manufacturing industry,the cost is the fundamental.Only by paying more attention to the cost control,making a more scientific and reasonable cost control strategy which is in line with the company's actual conditions,can M&G maintain the competitive advantage and enable the company to develop in the long run.This paper first introduces the status quo of domestic manufacturing enterprises and finds that cost is the key to the sustainability of manufacturing companies' survival and development.This leads to the cost control and expounds the role and significance of cost control to the manufacturing enterprises.It shows that cost control determines the quality of the enterprise's production and business activities,so that the manufacturing enterprises can survive and develop in cruel competition.Then,this paper introduces three kinds of cost control methods,such as strategic cost control,cost control from the perspective of the value chain,and cost control with dual cost control standard.At the same time,this paper tries to find out ways from these methods to improve the cost control of M&G.In order to show the current cost control status of M&G,this paper analyzes the financial indicators and financial data of M&G by the trend analysis method,and finds that the business cost,labor cost,material cost,inventory and fixed assets of M&G are basically rising,indicating that the cost control effect of M&G is deteriorated.Afterwards,to find out the influencing factors of the cost control of M&G,this paper guided by the theory of cost control uses multiple regression analysis to analyze the total operating cost of M&G,and tries to use Eviews to identify the most significant factors that affect the cost of M&G.Through the investigation of the cost control in the operation process of M&G,the relationship between operating costs,business taxes and surcharges,sales expenses,management expenses and total operating costs is analyzed.The operating costs,sales expenses and management expenses have a significant influence on the total operating costs of M&G,among which the operating costs has the most significant impact.According to the results of multiple regression analysis,this paper finds that the focus and key point of the cost control of M&G are not the operating costs.There are obvious problems in the control of product quality costs,labor costs,material costs and inventory costs of the operating costs of M&G.Based on these problems,combined with the characteristics of M&G,this paper tries to put forward some suggestions for improving cost control methods and formulating cost control strategies.In the aspect of product quality cost control,M&G can raise the awareness of quality cost control,strengthen the management of quality cost prediction,improve the system of quality cost accounting,optimize the system of quality cost rewards and penalties,and enable M&G to quality improvement and cost reduction.In the aspect of labor cost control,M&G can combine labor cost control with salary competitiveness,human resource optimization and incentive mechanism innovation,establish a humanized labor cost monitoring system and adjust the labor cost reasonably.In the aspect of material cost control,M&G can reduce the cost of material acquisition and material consumption.In the aspect of inventory cost control,M&G can reduce the cost of material holding,optimize the cost structure of inventory and improve the management system of inventory to keep the stock in a healthy way.