Job Accountabilities

• Support the team’s ability to maximize profitability through cost savings on the labor, overhead and profit components of product spend through fact-based modeling factoring in impact from footprint movements, manufacturing practices, supply models, duties, foreign exchange trends, brand and corporate sourcing needs. Be proactively involved in productivity improvement programs and ensure that these savings are fully reflected in product cost reductions.
• Build detailed matrices that provide transparency into labor and overhead costs and provide insights on cost drivers using structured cost models and benchmarking methods. Develop systems and models that support maintenance of detailed and dynamic rate cards on cost drivers to enable scenario planning and fact-based negotiations.
• Supplying information and/or in-person, support negotiation meetings with strategic suppliers to ensure cost optimization through a systematic and transparent approach.
• Support connectivity and information sharing among Product Development, Sourcing, Global Material Supply, Finance, Engineering and Suppliers that enables a valuable One-VF Global Costing Strategy
• Collecting and analyzing financial data in relation to Product Cost
• Post Order Analysis comparing Budgeted Vs Actual Cost of Execution
• Monitoring costs after significant changes in products or processes
• Determine standard costs and investigate variances with actual costs.
• Help management make important decisions based on costs and benefits (e.g. market growth, pricing changes)
• Estimating costs and comparing budgets with actual expenses
• Estimate product costs for existing and new products.
• Forecast and analyze costs of processes, labor, and inventory.
• Suggest cost-reducing or profitable solutions.