Cost Management is one of the main strategically significant processes at the management level in each organization. It effects the success, stability and sustainability of the entire business. it is a dynamic and continuous process, which needs to be modified according to the state of the environment and within the organization, especially in terms of goals and capabilities. Different methods are being used in contemporary time for the needs od the cost management. Each of them brings certain advantages and disadvantages, so the integratet system is being more and more popular. The combination of models in this case is dependent on the same factors and the management of the company decides on the way of implementation. One of the most successful companies in Croatia is Kraš. It is an company with long tradition in the food industry and stands out for its successful and stable business. Much of this is due to cost optimization, as the purpose of managing Cost Management at this company level. Although it relies on the traditional method, an integrated cost management system is expected in the future.