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About the job
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:
- evaluating and analyzing cost structures to develop effective cost models and methodologies.
- 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.
- establishing cost governance to monitor financial performance and leading initiatives to improve costing processes and enhance overall cost management.
Key Accountabilities:
1. Cost Structure Modelling
- 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.
- 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.
2. Total Supply Chain Cost Analysis
- Establish total supply chain cost analysis by assessing value chain by category (direct and indirect) and provide inputs for effective sourcing strategy.
- Conduct detailed financial and cost-benefit analyses for potential suppliers and sourcing options to support Procurement team in sourcing decisions.
- Identify savings opportunities based on the overall company cost analysis, providing insights to enhance supplier relationships and negotiation outcomes.
- Forecast cost evolution and monitor progress to close gaps, explaining any major or unusual deviations in calculated costs.
3. Supply Chain Cost Management
- Develop comprehensive reports that summarize findings from cost analyses, highlighting trends, risks, and opportunities for relevant stakeholders.
- Establish dashboards and processes for cost governance to monitor financial performance indicators related to supply chain costs and efficiencies against budgets.
- Collaborate with different stakeholders to control the cost, ensuring that it does not exceed the budget.
4. Cost Governance and Process Improvement
- 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.
- 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.
Requirements:
- Bachelor’s degree in Finance, Accounting, Supply Chain Management, or a related field. A Master’s degree or professional certification (e.g., CPA, ACCA, CIMA) is preferred.
- 05+ years of in finance, costing, or supply chain analysis, with a focus on cost management and financial analysis.
- Proven experience in developing cost models and methodologies within a supply chain context.
- Experience in performing comprehensive cost analyses and financial forecasting.
- Excellent knowledge of accounting principles, financial policies, costing standards, supply chain management principles and practices.
- Knowledge of data visualization tools to create dashboards and reports.
- A results-driven mindset with a focus on achieving business objectives and enhancing profitability.
- Strong analytical skills with the ability to evaluate complex financial data and identify trends, risks, and opportunities.
- Effective presentation & communication skills with the ability to effectively communicate complex financial information to non-financial stakeholders.
- Strong problem-solving skills with the ability to challenge assumptions and propose actionable solutions based on data and benchmarks.
- Demonstrated ability to lead projects and initiatives, driving process improvements and cost-efficiency measures.
- Detail-oriented with strong organizational skills and the ability to manage multiple priorities.
- Works independently with limited supervision.
- Strong English language skills