Study On The Cost Management Of LSTH Polyester Companies

Since 2011,rapid growth of China's polyester industry capacity led to a situation of market oversupply,coupled with the impact of micro economic at home and abroad,all industries were facing new challenges and polyester industry was no exception.Challenge was stress and impetus,how to survive and grow stronger in this new challenge was a reality issue for enterprises.As a production enterprise,how to manage the cost control and tap the potential of enterprise is an imminent issue,therefore,the key consideration direction at present for polyester production enterprise was to improve enterprises' cost management level and core competitiveness comprehensively.This paper takes the example of Xinjiang Blue Ridge Tunhe Polyester Co.,Ltd,production characteristics and cost structure of polymer material production enterprises has been analyzed.Deep research and analysis on the company's cost management system has been made,it mainly applies the cost control theory such as zero-based budgeting method,lean basic theory and benchmarking cost management theory,to carry out the cost control of all personnel and full process,the current situation of production cost management of the said company has been analyzed,and to find out problems and the deficiency of production cost management,purposefully put forward improvement measures and suggestions.Cost management system could be optimized and cost management level could be improved through new cost management theory and practical application of control methods,to achieve effective optimization of production costs for company to save costs and create more benefits.