This is an original column from Kobelco Systems. We will provide information to resolve your questions about cost management.
This time, I will explain "What cost management that contributes to corporate management is."
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In the midst of a global recession, we are facing a harsh business environment characterized by a sharp decline in demand, diversification of values, shortening product life cycles, intensified competition, and changes in customer needs. A significant challenge is how to generate profits and sustain long-term development in such an environment. As a response, rigorous cost management is necessary to achieve the price and functionality that customers demand while managing selling prices and costs. This involves lowering selling prices, reducing costs, and still increasing profits, which is the essence of cost planning. This cost planning is a cost management method aimed at comprehensive cost reduction and has recently been adopted as a significant approach contributing to profit expansion in the manufacturing industry. (You can view the continuation of the column from the catalog download.)
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At Kobelco Systems, we have inherited the commitment to "monozukuri and quality" from Kobe Steel, which has a history of over 100 years in the manufacturing industry, and we have fused it with the "know-how of innovation" possessed by IBM, a global leader in the IT industry. Leveraging this diversity and synergy, we have been active as a company embodying "Japanese spirit and Western talent," responding to various needs of our customers. Recently, the remarkable evolution of technology, including AI, has brought about significant transformations in society and has become a source of corporate competitiveness. In this context, we continue to pursue self-transformation to fulfill our responsibilities and roles, while enhancing our unique value and consistently delivering that value. "Our purpose is to cherish all people, support individual challenges and growth with advanced technology and the power to create, and build a fruitful tomorrow." This is our reason for existence and our promise to society. We value all stakeholders who support us, including our customers, collaborative partners, shareholders, local communities, and employees and their families, and together with everyone, we will build a fruitful tomorrow.