Abstract
Abstract The world of business and economy nowadays is characterized by change since the productive systems have been electronically administered. The basic goal is how to get the clients by the means of the presentation of high and good quality of both products and services with a lower cost through which the company is able to reinforce its competitive position and the traditional procedures are no longer to be there. The cost management represents one of the most important modern entrances in the computer administration under the shadow of the modern industrialization in a world of sharp competition which made the management thinking base on the costs and how to manage them and how to reduce them for the purpose of improving the financial performance of the company. Depending on what have been mentioned earlier the administration of costs is according to strong and scientific strategies which work for the purpose of the cost reduction without affecting the product quality and the presentation of service. The strategic value series is regarded one of the most important and modern strategies depended upon in the field of administration and cost reduction. The activities have been divided and classified into other activities which added value, possibly developed and doing other activities without any kind of value or importance should be ignored and neglected. The choice has fallen upon the State Company for Drug Industries and Medical Appliances at Nineveh as the place in which the study is going to be held to which represented one of the most important industrial companies at Nineveh and the capacity of the division of its producing operations into different activities .
