The impact and effect evaluation of digital transformation on cost control from the perspective of value chain

Abstract

The 14th Five-Year Plan clearly points out that to guide enterprises to promote digital transformation, as an important engine of China’s economic growth, the value chain of traditional manufacturing industry is a key link throughout the whole process of product manufacturing. Due to the backward production methods of traditional manufacturing industry, its value chain leads to low efficiency and poor cost control effect, so it is urgent to reduce costs and increase efficiency from the perspective of enterprise value chain. Taking Zhengzhou Coal Machinery as an example, this paper studies the impact and effect evaluation of digital transformation on cost control from the perspective of value chain, aiming at providing cost-control-oriented digital transformation experience for enterprises in the same industry.