Question: please explain further and link each tools to how it could help organization manage their cost tactically Strategic Cost Management Class work Define strategic cost

please explain further and link each tools to how it could help organization manage their cost tactically

Strategic Cost Management Class work Define strategic cost management and discuss how the various strategic cost management tools and techniques outlined below could help organisations manage their costs tactically Stakeholder analysis Cost Concept, Classification, Cost system development, Predicting Cost, Cost management system (CMS) The Concept of Strategy - Porter Generic Strategy Target Costing Total Quality Management Benchmarking Just-in-Time (JIT) Kaizen Outsourcing Value Chain Management Business Process Reengineering Balanced Scorecard sa minutes

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