The Approaches to Decrease the Cost Level of EnterDrises

The establishment of modern enterprise system demands the emphasis on cost management. A comparative study is made between the traditional concept of cost management and the modern one. It is concluded that the innovation of cost-managing concepts is of vital importance for a good performance in cost management and the fulfillment of cost management goals in enterprises. Besides, a brief analysis is made on the approaches to establish modern concept of cost management and decrease the cost level of enterprises with new ideas on cost control put forward.