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

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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
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This note was uploaded on 05/10/2010 for the course BUSINESS A Business taught by Professor Stevens during the Spring '10 term at Anna University Chennai - Regional Office, Coimbatore.

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

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