Sourcing Cost Analyst
Core
Generate and report product cost modeling, building comprehensive 'should cost' models to evaluate and benchmark SKU cost structures and drive cost reduction initiatives.
Role type
Sourcing Cost Analyst
Builds
Product cost models and commodity trend reports for global sourcing and merchandise teams
Domain
Retail / Strategic Sourcing / Cost Engineering
Required skills
Product cost modeling, Commodity analysis, Manufacturing process knowledge, Market research, Cost benchmarking, Negotiation support, SKU specification evaluation, Tariff engineering, Data analysis, Cross-functional collaboration
Preferred skills
Value engineering, Strategic sourcing, Design modification analysis, Process improvement
Technologies
Microsoft Office (Access, Excel, Word, PowerPoint), Should cost commodity systems
Responsibilities
Develop detailed 'should cost' models for SKUs by analyzing material inputs, manufacturing processes, labor, overheads, currency, and logistics; Compare 'should cost' estimates to market data to identify cost-saving opportunities; Assist global sourcing teams in evaluating supplier proposals and developing negotiation strategies; Monitor and analyze commodity data for trend fluctuations and supply chain risks; Facilitate collection and validation of SKU specifications to identify cost optimization and tariff engineering opportunities; Educate sourcing and buying teams on 'should cost' analysis methodology and tools.
Seniority
Mid-level, hands-on IC
