Cost management systems in BİST industrial operations effect of business administration

Due to the inadequacy of traditional costing systems, cost management, control and efforts to reduce costs, businesses have led to new costing approach systems. If the enterprises can not perform cost management, it will not be able to possible to maintain their profitability and hence their existence. The aim of this study is to determine the cost management systems of the companies involved in the BorsaIstanbul(BIST) Manufacturing Industry Sector and to investigate the effect of preferred cost management systems on business profitability. The study consists of three sections. In the first section, concepts of cost, cost systems and cost management are discussed. In the second section, detailed explanations have been made about Activity Based Costing (ABC), Target Costing, Kaizen Costing, Quality Costing, Product Product Life Cycle Costing and Just in Time Production (JIT) which are known as the cost management systems. In the third section, the effect on the profitability of the enterprise cost management systems that are preferred in industrial enterprises in the BIST was examined. In the study, the data were obtained by the questionnaire method applied to the industrial enterprises in BIST. Of the businesses accessed by both mail and telephone, 44 responded to the survey questions. Therefore, the number of samples was 44. Survey is analyzed by the nonparametric Kruskal-Wallis test in SPSS 15 software. As a result of the study, it was determined that 18 of the enterprises in the sample uses Activity Based Costing(ABC) System and 14 Just in Time(JIT) Costing System. The number of enterprises using the Target Costing System was 4, the number of enterprises using the Kaizen Costing System was 4, and the number of enterprises using the Quality Costing System was 1. The number of enterprises that do not use any system is 3. As a result of the analysis made through the Kruskal Wallis Test Method, it was determined that there is a statistically significant relation between the cost management systems and the sectors, net sales and net profits.