Strategic cost management to improve enterprise efficiency using the automotive business as an example

costs are one of the key basic factors (along with price and physical sales volume) in improving the efficiency of a modern business. Strategic cost management makes it possible to reduce the cost of production without compromising its quality and consumer value. In the automotive business, the main areas of influence on costs, as an object of management, include automation of production, improvement of logistics processes, application of lean manufacturing principles and digital solutions. The relevance of the study of strategic cost management processes in the automotive business is due to the need to find new methods for optimizing costs in the context of adapting enterprises to changing market conditions. The purpose of the study: development of theoretical and methodological approaches to strategic cost management in the automotive business. Research methods: systematization of theoretical approaches, identification of cost management features, abstraction, modeling. Result: the main conceptual approaches in the field of strategic cost management in the automotive business are summarized; a cost optimization model is developed that takes into account the influence of external and internal factors; potential areas for successful integration of this model into the activities of enterprises in the automotive business are determined. Conclusion: In conclusion, it is important to note that for the most successful integration of strategic cost management processes in the automotive business, it is important to synchronize it with the operating activities of the enterprise and position it as a fundamental long-term basis for sustainable development.

economic development, strategic management, cost management, business efficiency, automotive business, cost optimization, model integration