Optimization of Cost Control Based on the Value Chain in the Context of Digital Transformation—A Case Study of Zhengzhou Coal Mining Machinery Group

Abstract

The ”14th Five-Year Plan” for the national economic and social development of China proposes to guide enterprises in strengthening digital thinking and accelerating digital transformation, aiming to enhance operational efficiency and supply chain collaboration through data-driven approaches. Traditional manufacturing is a major engine of economic growth, with its value chain spanning the entire product lifecycle. However, due to outdated production methods, imperfect supply chains, and poor industry cluster collaboration, the value chain of China’s traditional manufacturing faces such as inefficiency, weak cost control, and inadequate supply chain collaboration. From the perspective of the value chain, achieving cost reduction and efficiency improvement through digital transformation is highly valuable. This article explores the impact paths and effects of digital transformation on cost control from the perspectives of internal and external value chains, including R&D, production, sales, and both supply and client ends, providing experience references for cost control-oriented digital transformation for enterprises in the same industry.