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Product Cost Optimization Lead
2 weeks ago
We are seeking a highly skilled Cost Management Specialist to join our team. In this role, you will be responsible for developing cost structures for new products and ensuring alignment with profitability goals.
Key Responsibilities- Develop cost structures for new products and ensure alignment with profitability goals
- Perform ongoing product costing and analyze cost components to ensure cost competitiveness
- Track and validate changes in commodity prices and their impact on material costs
- Regularly analyze material cost trends, identify cost-saving opportunities, and report on variances
- Monitor and analyze the profitability of products post-launch, identifying areas for improvement
- Ensure control over fixed costs and manage budget adherence
- Manage Bill of Materials (BOM) and conduct cost analysis for components and subassemblies
- Identify, track, and report on cost variances to ensure operational efficiency
- Experience in product costing, cost variance analysis, and material cost management
- Proficiency in BOM controlling and analyzing commodity price fluctuations
