THE EFFECT OF APPLICATION OF STRATEGIC COST ANALYSIS METHODS ON MAKING DECISIONS OF PRODUCTION IN SUDANESE INDUSTRIAL FIRMS
Journal: International Journal of Advanced Research (Vol.6, No. 1)Publication Date: 2018-01-20
Authors : Abdelmotalab osman mahmoud.;
Page : 1183-1194
Keywords : Strategic Cost analysis Value chain Strategic plan.;
Abstract
This study aimed primarily to explain the effects of implementation of strategic cost analysis methods, on decisions making in the industrial firms. The research used both the analytical descriptive approach and the case study approach. The research community, comprised the employees of both the Sudanese Malaysian Factory and the Egyptian Irion Factory, the number of whom amounts to (360) individuals. The study sample size thus amounts to (44) individuals reached out by using the purposive sampling and to whom the questionnaire form had actually been distributed. The respondents have been (40) individuals, that is to say, (91%) out of group. The study was found that the strategic cost analysis methods have provided relevant and accurate information to reduce and control the cost and make rational productive decisions. The use of strategic analysis methods has led to increase the competitive ability of the Sudanese industrial firms by enabling them to reduce the cost of products and make additional improvements in the production processes. The use of strategic cost analysis methods has enabled the Sudanese industrial firms to make effective decisions in the process of productive planning and implementation of the strategic plan for production. The research highly recommended the Sudanese firms? management to apply the modern tools of cost management, since the same have a positive effect on the productive decisions and the achievement of competitive advantage.
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