Manager - Costing

WAT ZOEKEN WE?

Position Summary

Key Responsibilities

• Cost Breakdown Review:
• Review the cost breakdown received from suppliers and validate product specifications and cost elements.
• Price Finalization:
• Finalize raw material pricing with Tier-2 vendors, ensuring alignment with market conditions and internal standards.
• Material Consumption Calculation:
• Calculate material consumption using scientific methods to ensure accuracy and cost-efficiency.
• Labor Cost Finalization:
• Finalize labor costs based on work content analysis, wage structure, and overhead costs.
• Vendor Negotiation:
• Negotiate with vendors to achieve the best possible pricing while maintaining quality standards.
• Market & Product Analytics:
• Conduct market research and product cost analytics to stay updated on trends and competitor pricing.
• Margin Analysis:
• Analyze product margins and implement strategies to optimize profitability.
• Vendor Management:
• Manage vendor relationships to ensure timely deliveries, cost efficiency, and quality standards.
• Cost-Saving Initiatives:
• Lead cost-saving initiatives through process improvements, cross-functional collaboration, and strategic sourcing.
• Cross-Functional Coordination:
• Coordinate with sourcing factories, sourcing teams, collection teams, and merchandising teams to ensure cost-effective product sourcing and development.
• Margin Management:
• Oversee and manage the overall margin targets, including MRP, standard costs, and margin of sourcing.
• Cost Review & Adjustment:
• Regularly review and adjust costing structures based on market price trends and demand fluctuations.
• Industry Knowledge & Best Practices:
• Conduct industry visits, gather market intelligence, and implement best practices to enhance cost management processes.
• Special Projects:
• Lead and participate in special projects as required by the business or management.
• Compliance & SOP Adherence:
• Learn, implement, and maintain adherence to company policies, SOPs, COAs, and statutory compliance requirements.
  

WAT ZOEKEN WE?

• Education: Bachelor's or Master’s degree in Finance, Accounting, or a related field.
• Experience: Minimum of 8 years of experience in costing, procurement, or a similar role in the footwear, accessories, or related industry.
• Technical Skills:
• Proficiency in cost analysis, vendor negotiations, market analysis, and margin management.
• Advanced knowledge of Microsoft Excel or similar tools for cost analysis and reporting.
• Soft Skills:
• Strong negotiation and communication skills.
• Ability to work cross-functionally with teams.
• Analytical mindset with attention to detail and problem-solving capabilities.
• Other:
• Knowledge of industry trends and best practices in cost management.
• Ability to handle multiple priorities and work under pressure to meet deadlines.