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European Researcher 2013
Strategic Aspects of Cost ManagementKeywords: Strategic Cost Management (SCM) , Life Cycle Costing (LCC) , agreed definition , "cradle-to-grave costing" , competitive advantage , three dimensional way , internal and external linkage , rapid changes , introduction to growth , maturity , and decline Abstract: This report is a summary of a research done on the area of Strategic Cost Management (SCM). This report includes a detailed discussion and application of Life Cycle Costing (LCC) which a company can use to achieve its strategic objects in today's dynamic business environment. Hence, the main focus of this report is on LCC as mentioned
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