Cost Management Practices in a Selected E-Commerce Company in China: A Basis for a Sustainable Business Development Plan

Abstract

This descriptive quantitative study assesses the cost management practices of organizations, focusing on key components such as cost identification, classification, budgeting, control, and reduction strategies. The respondents are the 285 employees of the selected E-commerce companies in Shijiazhuang, Hebei Province, China. The researcher used a researcher-made survey which was adopted from various related studies that helped address the research objectives. The   assessment of the respondents were computed and quantified using the mean.  Further, the tests of significant difference in the given answers by the    respondents were done through the use of the T-test and ANOVA. The findings reveal that organizations generally rate their cost management practices as “good,” with high levels of consistency across various demographic groups. The study also examines the influence of demographic profiles on these practices and finds no significant differences, indicating widespread implementation regardless of age, gender, or tenure. The results suggest that while current practices support operational effectiveness, there is substantial scope for developing more integrated and innovation-driven cost management approaches to sustain competitive advantage. Overall, the study underscores the critical role of structured cost management in achieving organizational sustainability