Jurnal Multidisiplin Indonesia
Vol. 3 No. 10 (2024): Jurnal Multidisiplin Indonesia

Evaluation of the Effectiveness of Cost Leadership Strategies in Reducing Operating Costs of Manufacturing Companies

Christina Situmorang, Vera (Unknown)



Article Info

Publish Date
31 Oct 2024

Abstract

Evaluation of the effectiveness of a cost leadership strategy should also consider external factors that can affect the operating costs of a manufacturing company. The purpose of this study is to determine the effect of the implementation of cost leadership strategies on the reduction of raw material costs in manufacturing companies and to determine the impact of cost leadership strategies on production efficiency and product quality in manufacturing companies as well as to determine the perception of managers and employees on the effectiveness of cost leadership strategies in achieving cost savings goals in manufacturing companies. The method used in this study is qualitative descriptive. The results in this study are Internal factors that influence the success of this strategy include a corporate culture that supports innovation and efficiency, management involvement at all levels, appropriate incentive systems, and good integration with supply chain management. In addition, adaptability to external changes such as fluctuations in commodity prices is also key in maintaining the success of this strategy. In order to achieve the long-term goal of increasing profitability and sustainability, companies need to consider all of these factors holistically.

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Journal Info

Abbrev

rp

Publisher

Subject

Education Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Veterinary

Description

Journal Multidisiplin Indonesia is an national /scientific journal, double-blind peer-reviewed, open acces journal published monthly by CV Riviera Publishing. Journal Multidisiplin Indonesia provides a means for ongoing discussion of relevant issues that fall within the focus and scope of the ...