Brief summary of job profile:
The Supply Chain Costing Manager, reporting to Senior Supply Chain Director, is responsible for optimizing cost efficiency for both direct and indirect costs related to supply chain operations by:
establishing cost governance to monitor financial performance and leading initiatives to improve costing processes and enhance overall cost management.
conducting a comprehensive supply chain cost analysis to assess the value chain by category and financial impact, providing inputs for effective sourcing strategies and identifying opportunities for cost savings.
evaluating and analyzing cost structures to develop effective cost models and methodologies.
Cost Structure Modelling
Conduct thorough cost analyses by evaluating all cost drivers, including material, packaging, logistics, and capital expenditures, etc. at the product level to understand their impact on overall profitability and to ensure that the costing methodology meets expectations.
Perform regular audits of cost structures and methodologies to ensure alignment with industry and internal standards while identifying areas for improvement.
Collaborate closely with different stakeholders and Finance to develop effective cost models and methodologies that provide accurate and actionable insights into cost management and support decision- making.
Total Supply Chain Cost Analysis
Conduct detailed financial and cost- benefit analyses for potential suppliers and sourcing options to support Procurement team in sourcing decisions.
Forecast cost evolution and monitor progress to close gaps, explaining any major or unusual deviations in calculated costs.
Identify savings opportunities based on the overall company cost analysis, providing insights to enhance supplier relationships and negotiation outcomes.
Establish total supply chain cost analysis by assessing value chain by category (direct and indirect) and provide inputs for effective sourcing strategy.
Supply Chain Cost Management
Develop comprehensive reports that summarize findings from cost analyses, highlighting trends, risks, and opportunities for relevant stakeholders.
Collaborate with different stakeholders to control the cost, ensuring that it does not exceed the budget.
Establish dashboards and processes for cost governance to monitor financial performance indicators related to supply chain costs and efficiencies against budgets.
Cost Governance and Process Improvement
Improve the cost reporting process to assist in margin and business planning, leading efforts to automate where possible.
Propose and lead the implementation of new costing functionalities, tools, and solutions to enhance overall cost management.
Review and analyze current inventory levels and supply chain procedures, identifying inefficiencies and suggesting improvements to optimize operational costs and increase profitability.
Challenge assumptions for cost improvements by analyzing and validating them against internal and external benchmarks of operational performance and costs and propose actionable solutions for implementation.
