The Role Of Cost Accounting In Enhancing Supply Chain Efficiency In International Business Operations

Abstract

To improve supply chain efficiency in global corporate operations, this study investigates the function of cost accounting. The growing interconnectedness of global marketplaces has made efficient cost management a crucial component for businesses looking to stay ahead of the competition. The main goal of this study is to investigate how supply chain performance can be maximized through the use of cost accounting techniques to pinpoint major cost drivers and enhance decision-making. A thorough analysis of different cost accounting approaches and how they are used in supply chains, with an emphasis on Activity-Based Costing and technological integration, is part of the objective of the study. The primary issue discussed is the dearth of empirical knowledge about how cost accounting is implemented in various business contexts, especially in multinational settings and service-oriented industries. A qualitative research methodology is used, and the analysis is supported by secondary data from company reports, academic publications, and related literature. Supply chain efficiency is greatly increased by precise cost identification, strong cost management systems, and cooperative supplier relationships, according to key results. Limitations, however, include issues with cultural and legal disparities in global settings as well as a dearth of empirical data in some businesses. The consequences of the study are both theoretical and practical, providing firms looking to enhance their cost management plans and operational effectiveness with insightful information. By filling in current research gaps, this study advances our knowledge of the relationships between supply chain performance and cost accounting.