Cost Management

Many factors such as the acceleration of global competition, shortening of product life cycles, and technological advances have resulted in cost management acquiring critical importance for the survival of firms.

Cost management can be defined as the combined use of cost management tools to reduce the costs of an organization and to make it superior to its competitors. In order for cost management to provide both financial and competitive advantage, multiple and compatible cost management processes should be used as a whole.

Hedef Holding primarily designs a cost accounting system for the production of accurate cost information in enterprises, identifies cost reduction areas and contributes to the management of costs.