Week 6 discussion .
Link to article https://www.reuters.
The last three lectures this week focused on strategic cost management. Below I am providing you a few articles in this area. Please comment on these articles, and/or post further articles, with your brief summary, covering aspects related to strategic cost management
- Post your comments about this week’s article(s) in the discussion board. Comments can include an evaluation of the content of the article(s), opinions and thoughts about the content, the sharing of related experiences, or the posting of similar articles that deal with the same issues
- Comments should be thoughtful and need to be 100–200 words
Solution Preview
Article one
Strategic Cost Management also called SCM is a cost administration method that tries to reduce the costs as it strengthens the business position. Boeing Co’s (BA.N) has recently attempted to apply the strategic Cost Management to safe sum funds. The company should expect more profit as the inputs have been minimized.
(400 words)