Title: Strategic cost management and the product life cycle concept
Abstract: This work underscores the essential connection between cost management and the realization of strategic goals related to the achievement of company competitiveness and profitability. Studious analysis points to the fact that effective cost management, especially a well-chosen and successfully realized price strategy in various phases of the product life cycle, will secure adequate placement and the achievement of planned earnings and profits. Focus is placed on calculating the costs of the life cycle, which has gained currency in recent times. The relevance of quality costs in this context is also pointed out. In addition, the role of information technologies in the process of cost management is also considered.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
Access and Citation
Cited By Count: 7
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot