Abstract:

In today’s business world, with globalization, new technologies developed, increasing customer needs, competition and rapid change, the opportunities for to success have become quite difficult.  In industries that are very rapidly affected by the world’s changes, the chances of achieving success are increasingly reduced. The competition in the industry is increasingly accelerating. The manufacturing sector has a very important place in the country’s economy, with its employment opportunities, its contribution to supplier enterprises and its value to other sectors. In today’s economy, the better management of costs is of great importance to be able to take advantage of the market opportunities and to be able to adapt to the competitive conditions. The aim of this study is to examine the profitability of industrial enterprises within the framework of strategic cost management in a environment where increasing competition and customer demands are becoming more important. The study examined strategic cost management approaches and demonstrated the impact of strategic cost management approaches on the profitability of overall quality management systems.

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