20Feb 2018

THE EFFECT OF APPLICATION OF STRATEGIC COST ANALYSIS METHODS ON MAKING DECISIONS OF PRODUCTION IN SUDANESE INDUSTRIAL FIRMS.

  • Assistant Professor of Accounting and Finance.
  • Bayan College for Science and Technology.
Crossref Cited-by Linking logo

  • Abstract
  • Keywords
  • References
  • Cite This Article as
  • Corresponding Author

This study aimed primarily to explain the effects of implementation of strategic cost analysis methods, on decisions making in the industrial firms. The research used both the analytical descriptive approach and the case study approach. The research community, comprised the employees of both the Sudanese Malaysian Factory and the Egyptian Irion Factory, the number of whom amounts to (360) individuals. The study sample size thus amounts to (44) individuals reached out by using the purposive sampling and to whom the questionnaire form had actually been distributed. The respondents have been (40) individuals, that is to say, (91%) out of group. The study was found that the strategic cost analysis methods have provided relevant and accurate information to reduce and control the cost and make rational productive decisions. The use of strategic analysis methods has led to increase the competitive ability of the Sudanese industrial firms by enabling them to reduce the cost of products and make additional improvements in the production processes. The use of strategic cost analysis methods has enabled the Sudanese industrial firms to make effective decisions in the process of productive planning and implementation of the strategic plan for production. The research highly recommended the Sudanese firms? management to apply the modern tools of cost management, since the same have a positive effect on the productive decisions and the achievement of competitive advantage.

  1. Ibrahim Khalid Adly Ahmed. (2013).?The role of strategic cost analysis in increasing the competitive advantage of firms under modern manufacturing environment, unpublished Master degree in accounting Khartoum: Alneelain University, 2013, p.70.
  2. Ibrahim Mahmoud Ahmad. (2010)?strategic cost analysis under modern manufacturing environment and support of competitive advantage.? Magazine of development of Mesopotamia,?Iraq:?Mosul University, Vol. 32, No. 101,?p. 98.
  3. Al bshtawi, Suleiman Hussein and Garira Talal Suleiman. (2015). Significance of applying strategic cost management and competition strategies to achieve the competitive advantage of Jordanian public industrial firms. Journal of Administrative Science Studies, Jordan: The Jordanian University, Vol. 42, issue, No. 1, p. 181. Bin Saeed Amin and Ahmad Gadar, (2013). The role of cost management from a strategic perspective to enhance the competitive position.?Journal of Economic and Financial Studies, Algeria:? Alwadi University, vol. I, No. 6, p. 8.
  4. Gumoa Abu Anga Mahmoud Abdallah, (2015)?Strategic analysis methods and their role in achieving costs in industrial firms, unpublished PhD in accounting, Khartoum: Sudan University of Science and Technology.
  5. Afaf Zahrawi. (2009). modeling and evaluating modern production methods performance in Algerian industrial firms using Terry networks. Unpublished Master Degree in Economic Sciences?,?Algeria:?Mentouri University,?p. 73.
  6. Abdul Aziz, Ahmed Saeed. (2013).?An analytical study to measure the of integration of flexible accounting system and strategic cost analysis management?(an applied study on new and renewable energy projects),?PhD?in accounting, unpublished,?Egypt:?Suez Canal University,?p. 135.
  7. Eid, Amani Ramadan Ibrahim. (2006).?A perspective of strategic cost analysis with a view to rationalizing?administrative decisions in industrial firms in modern environment,?PhD?in accounting, unpublished, Egypt: Tanta University, pp. 74-82.
  8. Fouda, Shawqi Elsaid (2007). A?Proposed Model for integration between target cost and strategic cost analysis to allocate activity-based costing through the concept of value chain, The?Journal of the faculty of commerce, for scientific research,?Alexandria: Alexandria University,?Vol. 44, No. 2, p. 178.
  9. ffAl Qanna, Ahmed Saad Abdul Aziz. (2013).?An analytical study to measure the integration of flexible accounting system and strategic cost analysis management, An applied study on new and renewable energy projects, PhD in accounting, unpublished, Egypt: Suez Canal University, p. 48.
  10. Majda Abu Zane. The effect of strategic orientation on code of ethics,?an exploratory study, Secretariat General of the Council of Notables, Journal of administration and accounting and insurance, issue No 78, fifth year, 2011.
  11. Mohamed, Mohamed Al-fayyoumi. (2012).?Strategic Accounting (financial performance evaluation of firms, responsibility accounting, quality costs, Finance prices, Theory of Constraints, strategies and methods of pricing). Alexandria: University Education publishing, printing and distribution house ,?p. 216.
  12. Nouri, Haidar Shaker, and Gomaa, Mahmoud Hassan. (2014). Strategic cost management techniques.?Research Journal, Iraq: Diyala University, No. 63, p. 289.

[Abdelmotalab osman mahmoud. (2018); THE EFFECT OF APPLICATION OF STRATEGIC COST ANALYSIS METHODS ON MAKING DECISIONS OF PRODUCTION IN SUDANESE INDUSTRIAL FIRMS. Int. J. of Adv. Res. 6 (Feb). 1183-1194] (ISSN 2320-5407). www.journalijar.com

Abdelmotalab Osman Mahmoud
Bayan College for Science and Technology

DOI:

Article DOI: 10.21474/IJAR01/6543      
DOI URL: https://dx.doi.org/10.21474/IJAR01/6543

Download Full Paper

Download PDF No. of Downloads: 5 | No. of Views: 58