a brief presentation on cost management.

1. Presented to Presented by
Prof rajiv nayan Pankaj &pradip

2. content
 Strategic cost management
 Cost reduction
 Value engineering

3. Strategic cost managemant
 Strategic cost management is an
approach to management accounting
that highlights strategic issues
&concerns.
 It sets cost analysis in a broader
context in which cost Information is
used to develop superior strategies.

4. Cost reduction
 Cost reduction is to be understood as
the achievement of real & permanent
reductions in the unit costs of goods
manufactured or services rendered
without impairing their suitability for
the use intended.

5. Scope
 Design
 Factory organisation & production
method
 Marketing
 Administration
 Finance

6. advantage
 To the concern
 To the industry
 To the nation

7. Value engineering
 meaning: a value analysis is a systematic
analysis & evaluation of the techniques &
functions in the various spheres of an
organisation with a view to exploring
channels of performance improvement, so
that the value in the particular product or
services can be bettered.