The Strategic Cost Consortium has a unique perspective on the role understanding cost plays in competitive strategy and operational decision-making.

Understanding the fundamental economics of a company’s and its competitors’ cost structures has become an undervalued concept today. An increasing reliance on financial accounting for cost information has left the managerial accounting systems needed to truly understand a company's costs underdeveloped. And in-depth insight into competitors’ actual costs with enough granularity to take action is viewed as unattainable.  However, when done correctly—by professionals with the right skills and expertise—it delivers unmatched insight for making critical business decisions.

Of course, understanding cost structures is only one part of the equation. A complete approach will analyze the competitive landscape, understand what customers value, ensure your organization understands how to use the new information, and support implementation.