ANALYTICAL STUDY ON STRATEGIC COST MANAGEMENT OF SELECTED AUTOMOBILE COMPANIES IN INDIA

ANALYTICAL STUDY ON STRATEGIC COST MANAGEMENT OF SELECTED AUTOMOBILE COMPANIES IN INDIA
Author(s):
Dr. Sadyojathappa S
Keywords:
Strategic Cost Management, Operating Profit Margin and Economic Order Quantity
Abstract
The strategic management of the chosen automobile firms will be the primary emphasis of the current study. The issues encountered-primarily as a result of the cost factor and market structure and the subsequent solutions in the form of alternate routes are discussed. Its applications and recommendations have been clarified. This research compares the financial performance of five Indian automobile companies using predetermined metrics before evaluating the most effective cost-management tactics for each company to use in the marketplace. The financial statement data, including the balance sheet, profit and loss statements, and quarterly statements, will essentially be used as secondary data, and via discoveries and conclusions, we should suggest the appropriate methods that should be put into practise. Since this research is largely focused on the strategic cost management of the automobile businesses, few ratios have been selected based on the "cost" criteria. Tables and graphs are used to compare the data.
Article Details
Unique Paper ID: 157774 Publication Volume & Issue: Volume 9, Issue 8 Page(s): 63 - 71
Article Preview & Download

Share This Article

NCSST-2023

AICTE Sponsored National Conference on Smart Systems and Technologies

Last Date: 25th November 2023

LATEST INNOVATION’S AND FUTURE TRENDS IN MANAGEMENT

Last Date: 7th November 2023

IJIRT.org enables door in research by providing high quality research articles in open access market.

Send us any query related to your research on editor@ijirt.org