International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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IMPACT OF COST CONTROL AND COST REDUCTION STRATEGY ON COMPANY PERFORMANCE” AT BEML LIMITED

    1 Author(s):  DR. RAVINARAYANA K.S

Vol -  10, Issue- 11 ,         Page(s) : 68 - 89  (2019 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

The study is based on cost control and cost reduction strategy on company performance at BEML Ltd. A Study and comparing the 5 years production cost sheet of BEML Limited. The primary data is collected through staff of the company and secondary data is collected from the company library and company website etc. BEML, One of the pioneers in the earth moving industry is not an exception in controlling costs. A comparison of various cost incurred in production and analysis will help to evaluate the performance and to increase profitability by overcoming crisis. The findings of the study show the importance of cost control and its impact on the business performance by analyzing the production cost sheet. Cost control is one such component and strategy which must be followed by every organization and which can enhance the profitability in short run and accumulation of wealth, thus by achieving the financial objectives of business.

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