摘要：This report is a summary of a research done on the area of Strategic Cost Management (SCM). This report includes a detailed discussion and application of Life Cycle Costing (LCC) which a company can use to achieve its strategic objects in today's dynamic business environment. Hence, the main focus of this report is on LCC as mentioned
关键词：Strategic Cost Management (SCM); Life Cycle Costing (LCC); agreed definition; "cradle-to-grave costing"; competitive advantage; three dimensional way; internal and external linkage; rapid changes; introduction to growth; maturity; and decline.
