On the Problems and Countermeasures of Cost Management in Small and Medium-sized Enterprises (SMEs)

With the development of reform and opening up, the proportion of small and medium-sized enterprises in the national economy grows gradually in China. Although the achievements are remarkable, there are still some problems, such as, the weak leadership cost awareness of some small and medium-sized enterprises, the heavy losses caused by decision-making errors, the failure to collect the raw cost data in time, the lack of cost awareness of product design, the excessive marketing costs and the serious over-expenditure of administrative costs. Although these are the characteristics of Chinese small and medium-sized enterprises in cost management, they restrict the development of small and medium-sized enterprises in China.