Research on Cost Control in Financial Management of Multinational Enterprises —Taking Kimberly-Clark Corporation as an Example
Year: 2024
Type: article
Abstract: Known worldwide as a leading maker of paper towels and supplier of household and personal care products, Kimberly-Clark adopts a comprehensive cost control method. This method covers the entire business process, from product design, production, sales, to customer support, and also focuses on streamlining operational costs in different countries and regions. Importantly, the company skillfully manages currency fluctuations, reducing their influence on operational costs through flexible currency hedging tactics and strong risk management systems. In addition, Kimberly has achieved significant economic benefits by optimizing supply chain management, reducing procurement costs and transportation costs. Therefore, this research explores the cost reduction strategies used in the financial management of multinational companies, taking Kimberly-Clark as an example for a thorough analysis. The successful experience of Kimberly-Clark shows that by developing and implementing effective cost control strategies, companies can better deal with the difficulties of external economic environment and the cost pressure of internal operations.
Author: Ziyan Xu
Institution: Zhejiang University of Science and Technology
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4405591337