Cost Optimization Specialist

2 days ago

Singapore beBeeCosting Full time $80,000 - $120,000

Join a dynamic team as Costing Manager and be responsible for the Material Supply Chain in relation to all T1/T2 footwear costing.


This key role will oversee the selection, negotiation, and implementation of strategic T1 partners and T2 suppliers.
The successful candidate will collaborate closely with Global Planning, Global Merchandising, Product Creation, Finance, and Global Supply Chain to provide expert analysis, guidance, and support in setting policies and procedures.

Key Responsibilities:
• Submit accurate product costs in line with the established costing calendar.
• Conduct regular audits of cost breakdowns per product SKU to ensure costs, consumption, defect rates, and raw material efficiency are within acceptable ranges.
• Provide guidelines to manufacturing partners for material breakout to assist with HTS code completion.
• Conduct bi-annual cost reviews and updates, and contribute to standard cost setting processes.
• Collaborate with functional teams or T1 partners to provide options and suggestions during NPI stages for low-margin or questionable styles.
• Support pre-cost queries and assist in target cost setup.
• Respond to design/PDM team requirements for costing analysis.
• Identify cost savings and efficiency opportunities within the Materials Supply Chain and implement changes accordingly.
• Drive data collection and reporting using Centric and CBD Access Database; contribute to data system development and maintenance.
• Support continuous process improvements through interactions with Supply Chain, Product Development, Costing, and suppliers.
• Act as liaison with global finance teams to align data needs and troubleshoot database issues.
• Maintain awareness of industry best practices and trends.
• Track tooling amortization monthly with each factory group.

What We Offer:
We believe in the power of collaboration to drive creativity and strengthen relationships. Our flexible work schedule allows for a blend of in-person and virtual collaboration, which plays a key role in building a connected and successful team. In-office requirements vary by work persona: Resident (5 days), Collaborator (4 days), Connector (2-3 days), Explorer (fully remote). This role is aligned with the Collaborator persona.

Job Requirements:
Suitable candidates should possess excellent analytical skills, strong communication abilities, and a passion for driving business growth through cost optimization and supply chain management.

Requirements:
Corporate
Mid-Senior level
Full-time
Finance and Sales
Retail Apparel and Fashion

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