The Role of Strategic Cost Management in the Value Chain to Maximize Profitability: A Field Study at a Sample of Industrial Companies in Suleimani Governorate

Strategic cost management is a crucial element in business, as organizations worldwide prioritize cost management to maximize profits, ensure financial stability, and maintain a smooth supply chain, despite the challenges managers face in developing an effective framework. The main objective of this paper is to identify the role of the relationship between strategic cost management techniques and the supply chain in maximizing profitability, using the principles of this technique in a company's supply chain is an important means of profit growth. It helps measure, evaluate, and improve performance at the transaction level, and the performance of the network of suppliers and customers that make up the entire value chain, a sample of accountants in a group of companies was selected, and 45 questionnaire forms were distributed for the benefit of statistical analysis. The study's most important findings are that there is a statistically significant and influential relationship between strategic cost management and the supply chain, which helps the company improve performance and profitability, reduce costs, and achieve customer satisfaction.