Strategic cost management - Case Study Example

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Strategic cost management

It is not surprising that the plant manager describe their process as “better than anyone else” because it is guaranteed with speed and high quality, as well as reduced cost. To compete with such companies, it is important to have enough capital reserves to also engage in strategies like promotion. The paper will therefore look at how with the cost reduction strategy, the company is offered sufficient funds that were cut down from actual production cost to gain competitiveness and profitability. Firm’s competitive strategy Much of the emphasis of competitive strategy for California-Illini (CI) is placed on the ability of the company to produce high quality products at a speed that meet consumer demand and cost that meet consumer pocket. In effect, a consumer determinant strategy on demand and cost reduction is used as competitive strategy. Generally, this is a strategy that identifies the scarcity of consumers on the target market due to the number of competitors among which existing consumers may choose from (Bernanke, 2006). Knowing that the consumers are not many in number, a consumer determinant strategy generally aims at presenting the consumer with exactly what the consumer requires from the manufacturers in terms of production and cost. ...Show more


Title: STRATEGIC COST MANAGEMENT CASE STUDY Name: Institution: Professor: Course: Date: STRATEGIC COST MANAGEMENT CASE STUDY Introduction As human being, though companies are set up on individual basis with independent visions and goals, they are considered social entities that are obliged to behave in certain ways that are dictated by other companies (Gartner, 1985)…
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