Strategic Cost Management also called SCM is a cost administration method

Strategic Cost Management also called SCM is a cost administration method

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. Several reasons make the company use
the Strategic Cost Management concept. One of them being that the biggest consumer of their

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