The Cost Control Specialist will play a critical role in managing and optimizing the cost structure of our footwear products. This position requires a detailed-oriented professional with strong analytical skills to develop and maintain cost models, ensuring financial efficiency and supporting strategic decision-making within the company.
Responsibilities:
- Develop and maintain accurate cost models for footwear products.
- Manage and ensure accurate and timely cost breakdown sheets from Company’s manufacturing partners across seasons and development stages and communicate internal and external with stakeholders.
- Collaborate with product development, design, and sourcing teams to ensure product cost targets are met.
- Analyze raw material market data and industry trends to identify cost-saving opportunities.
- Negotiate with suppliers to achieve the best possible prices and terms for materials and production.
- Monitor and report on product costs and variances to support decision-making and financial forecasting.
- Drive continuous improvement in the costing process and cost optimization strategies.
- Collaborate with supply planning teams on product volume forecasts, identify potential bottlenecks and actively act accordingly.
- Stay up to date on footwear industry and business trends and drivers to support proactive adjustment to the dynamic cost environment.