Optimize Costing Processes

13 hours ago

Gurgaon, Haryana, India beBeeCosting Full time ₹ 1,08,00,000 - ₹ 2,19,00,000
Job Title: Costing Operations Manager

We are seeking a highly skilled Costing Operations Manager to join our organization. As a key member of the management team, you will be responsible for managing and optimizing the costing process for footwear, accessories, and components.

Main Responsibilities:
  • Cost Breakdown Validation: Review cost breakdowns received from suppliers and validate product specifications and cost elements.
  • Pricing Negotiations: 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 Determination: Finalize labor costs based on work content analysis, wage structure, and overhead costs.
  • Vendor Negotiations: Negotiate with vendors to achieve the best possible pricing while maintaining quality standards.
  • Market Research and Analytics: Conduct market research and product cost analytics to stay updated on trends and competitor pricing.
  • Profitability Optimization: Analyze product margins and implement strategies to optimize profitability.
  • Vendor Relationship 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.
  • Product Sourcing Coordination: Coordinate with sourcing factories, sourcing teams, collection teams, and merchandising teams to ensure cost-effective product sourcing and development.
  • Margin Target Oversight: Oversee and manage the overall margin targets, including MRP, standard costs, and margin of sourcing.
Requirements:
  • Bachelor's or Master's degree in Finance, Accounting, or a related field.
  • Minimum of 8 years of experience in costing, procurement, or a similar role in the footwear, accessories, or related industry.
  • Proficiency in cost analysis, vendor negotiations, market analysis, and margin management.
  • Advanced knowledge of Microsoft Excel or similar tools for cost analysis and reporting.
  • Strong negotiation and communication skills.
  • Ability to work cross-functionally with teams.
  • Analytical mindset with attention to detail and problem-solving ability.

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