- Strategy and Development:
- Define a competitive costing strategy, drive to implement comprehensive and efficient material costing processes with Dev- Com, Material team, Shoes Costing internally and T2 suppliers externally.
• General and Task Management:
- Collecting raw material marketing price and manufacture cost information, analyze and evaluate raw material prices and LOP costs from T2 suppliers.
- Manages and delivers upper material pricing according to each brand’s critical path and margin requirements.
- Work closely with material team and shoes Costing to support company to achieve margin target.
- Review T2 cost analysis details, negotiate seasonal price with T2 suppliers for material cost, LOP, ensure the final material prices are competitive.
- Build strong partnerships with suppliers, establish performance benchmark, define opportunities and collaborate with Dev- Com and Material team for improvement.
- Actively engage design, development, dev- com, material team and shoes costing teams, drive a collaborative process to optimize material costs against performance goals.
* People Management:
- Manage and coach Material Costing team by material category.
- Set aligned OKRs (Objective/Key Results) by brand, review and assess ongoing performance with other team members.
- Develop and maintain strong relationships with Shoes Costing team.
* % of time and job functions:
20% Cross- Functional Collaboration – Conduct Development, Dev- Com, Material and Production teams, to identify a collaborative cost saving process against performance goals.
15% Analysis / Enhancement Projects – Deliver initiatives and projects to improve product costing to support brand growth.
30% Reporting – Review and compile cost reporting ensuring cost standardization, policies and procedures.
20%Standard Costing/ Negotiating – Compile insightful costing analysis to support the negotiation of costing standards with factory partners.
5% Planning – Execute competitive costing strategy, policies, processes and procedures to improve operational performance.
10% Process Improvement/ Innovation – Support continuous improvement through system enhancements, cost engineering and processes to improve costing performance.
