FINA 3850 Strategic Cost Management

Covers long-term cost reduction strategies and value chain analysis to build competitive advantage in markets.

About this course

Strategic Cost Management moves beyond traditional accounting to look at how costs affect your company's position in the market. You will learn to identify where money is spent across the entire value chain, from design to delivery, and find ways to reduce waste without lowering quality. The course focuses on long-term planning and competitive advantage.

You will work with real-world scenarios to practice value chain analysis, target costing, and activity-based management. These tools help you understand not just what things cost, but why they cost that much and how you can improve them.

Who takes this course

• Bachelor of Applied Business — Accounting

Credits: 3 · Hours: 45

Prerequisites

• FINA 2770 Managerial Accounting Systems
• FINA 2840 Corporate Finance Theory

Learning outcomes

• Analyze the value chain to identify cost drivers and non-value-added activities across the organisation.
• Apply life-cycle costing and target costing methods to product development and pricing decisions.
• Evaluate activity-based management techniques for improving operational efficiency and resource allocation.
• Develop long-term cost reduction strategies that support sustainable competitive advantage.
• Assess the financial impact of strategic sourcing and outsourcing decisions on the bottom line.

Evaluation