Research On Cost Management Of XC Thermal Power Company Based On Value Chain

With the continuous adjustment and renewal of the national industrial structure,the competition in the existing thermal power industry has become increasingly fierce.At the same time,the implementation of the new energy concept and the “energy consumption per unit of GDP and major pollutants” at the third meeting of the National People’s Congress in2020.Emissions continue to decline,and efforts to complete the "13th Five-Year Plan" goals and tasks" have increased the challenge for traditional high-energy-consuming industries such as thermal power.Due to the special nature of the thermal power industry,companies have no autonomy in output and prices,while the cost of coal burning is increasing with market fluctuations.Therefore,corporate cost management leads to the healthy development of thermal power companies and is important to enhance the competitiveness of companies in the industry factor.Cost analysis and management through the value chain can comprehensively and accurately find the core links that companies need to pay attention to in cost management,and make targeted improvements to them,effectively helping target companies reduce costs and increase economic benefits.This research is aimed at the cost management of XC Thermal Power Company,referring to a large number of relevant domestic and foreign documents.First,the basic situation of the company is explained,and its current cost structure,cost management system and current cost management status in the past three years are described accordingly.Analyzed the problems existing in cost management of XC Thermal Power Company,including the lack of awareness of full participation in cost management,the lack of specific and systematic cost management content,the imperfect scope of cost management,and the neglect of upstream and downstream links,fuel costs and maintenance costs.Too high,discussed the necessity and feasibility of XC Thermal Power Company’s use of value chain cost management.Secondly,according to the actual situation of XC Thermal Power Company,its cost management is analyzed based on the value chain,and its internal,horizontal,and vertical value chains are analyzed in detail.By dividing its internal value chain and determining the cost of main operations in the value chain The value coefficient is calculated,and the result is compared with the standard value to find out the low-efficiency operations such as internal coal storage,power consumption,maintenance and personnel management of XC Thermal Power Company and general operations that can be improved,namely water replenishment operations;in the horizontal value chain analysis,Used the comparative analysis method to compare the XC Thermal Power Company with the same regional homogenous company SX Company and the average level of the thermal power industry,and found that the XC Thermal Power Company’s shortcomings were found;through the vertical value chain analysis of upstream suppliers and downstream users Relations and discover the problems existing between XC Thermal Power Company and its suppliers and customers.Finally,in view of the problems in the analysis of the cost management of the value chain of XC Thermal Power Company,it is clearly stated that the use of the EOQ model to strengthen coal storage management,the use of energy-saving equipment to reduce power consumption costs,the use of visual analysis and positioning technology to reduce water loss,and the promotion of coal supplier online Tendering methods,construction of material supplier evaluation system and other solutions,and put forward safeguard measures at the conceptualand institutional levels.Based on the theory of value chain cost management,this research analyzes the cost management of XC Thermal Power Company from internal,horizontal and vertical aspects.Based on the analysis results,it points out the improvement direction of XC Thermal Power Company in cost management and lists corresponding improvement measures.And safeguard measures have played a positive role in reducing company costs and increasing revenue.