Managerial_Accounting - SCM and VCH

Managerial_Accounting - SCM and VCH - PETER SEDK F2...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
PETER ŠEDÍK F2 STRATEGIC COST MANAGEMENT AND THE VALUE CHAIN Main Objectives Strategic cost management and Value chain Value chain versus traditional management approach (value-added analysis) Concept of value chain and value chain framework Methodology of value chain analysis Advantages of value chain analysis Cost driver concept Important Findings Value chain is a linked set of value creating activities Value chain framework is a method for breaking down the chain into strategically  relevant activities Life-cycle costing is a concept that includes all the costs incurred for the product Lower life-cycle can be a great competitive advantage Various activities within a firm are interdependent Strategic cost management provides better view on value-added of the company’s  products Distributions channels have a significant impact on a company’s value activities
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

Managerial_Accounting - SCM and VCH - PETER SEDK F2...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online