Manager - Costing

15 hours ago

Gurgaon, Haryana, India Bata Full time

Manager - Costing ZOEKEN WE?

Position Summary:

As Costing Manager you will be responsible for managing and optimizing the costing process for the company's footwear, accessories, and components.

The role involves analysing cost breakdowns, validating product specifications, and negotiating with vendors to ensure competitive pricing, cost savings, and margin optimization.

The individual will also be responsible for cross-functional coordination with sourcing, merchandising, and other teams to maintain cost standards and achieve margin targets.

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 Masters 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 Knowledge of industry trends and best practices in cost management.

- Ability to handle multiple priorities and work under pressure to meet deadlines.
(ref:iimjobs.com)

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