Research On Y Telecom's "Four-wheel Drive" Cost Management System

With the continuous reform of China's telecommunications market and the rapid development of information technologies such as the Internet and big data,the business of telecommunications companies has gradually diversified.With the rapid development of emerging businesses,the original cost management method is difficult to effectively control costs It is also difficult to provide effective decision-making for enterprises' strategic investment,product pricing and other investment and management related activities.Therefore,under the current situation,establishing a perfect and effective cost management system is the key to the sustainable development of telecommunications companies.This article firstly used the literature research method to sort out the relevant literature of cost management and made a literature review.Then,the case study method was used to take Y Telecom Company as an example to study in detail the situation of Y Telecom Company building a "four-wheel drive" cost management system.The "four-wheel drive" cost management system divides business costs from four paths: network line,market line,labor cost line,and integrated line,and uses different cost accounting methods to collect them into four markets: individual,family,government,and new business.Secondly,the questionnaire survey method and interview method were used to deeply investigate the actual implementation of the "four-wheel drive" cost management system,which promotes the integration of refined cost management and industry finance,improves the accuracy and efficiency of resource allocation,and supports key points.Business profitability analysis and investment decision-making,support for marketing decision-making,and line-based business performance evaluation,but at the same time,it also found that there are limitations in data acquisition during the implementation process,assumptions of cost accounting methods,the issuance of reports in a timely manner,low coordination of business departments,The IT system is not well-suited and so on.Driven "problems encountered were analyzed,and the specific methods to deal with the above problems,and give some suggestions to the" four-wheel drive "Cost Management System.