Compared with traditional cost management, what are the advantages of strategic cost management?

Strategic cost management is the product of the organic combination of cost management and strategic management, and it is an adaptive change to the change of competitive environment. The so-called strategic cost management is to identify the cost drivers from the cost source and manage the value chain from a strategic perspective, that is, to provide strategic cost information for every key step of strategic management by using cost data and information, which is conducive to the formation of competitive advantages and the building of core competitiveness of enterprises.