Cost drivers refer to factors that have a direct impact on costs, such as raw material prices, labor wages, transportation costs, etc.

In this step, the main cost drivers are identified by analyzing the company's business processes and cost structure.

In this step, find out why costs increased or decreased by comparing cost data over different time periods or under different business situations.

Comparative methods, regression analysis and other methods can be used to determine the cause.

In this step, the correlation and degree of influence between cost drivers and influencing factors are studied through methods such as statistical analysis and data mining.

It can be analyzed using correlation coefficient, regression analysis, factor analysis and other methods.

In this step, through the analysis of cost drivers, it provides a basis for the enterprise to formulate cost control strategies and decisions.

Costs can be controlled by taking measures such as reducing cost drivers, increasing efficiency, and improving management.

It provides an in-depth understanding of cost components and reasons for changes, which is helpful for formulating effective cost control strategies.

It can help enterprises find hidden cost-increasing factors and promote reasonable allocation and management of costs.

It can improve the decision-making level and competitiveness of enterprises and provide support for the long-term development of enterprises.

Manufacturing industry: Improve production efficiency and reduce production costs by analyzing cost drivers in the production process.

Service industry: Improve service quality and reduce service costs by analyzing cost drivers in the service process.

Project management: Improve project cost control and management capabilities by analyzing cost drivers during project implementation.

Decision support: Through the analysis of cost drivers, it provides decision-making basis and reference opinions for various decisions of the enterprise.