Manage product costing and savings strategies, build a costing library, and collaborate with various teams for cost optimization and vendor negotiations.
About the RoleManaging costing while working closely with GIS PD/ PC , Raw Material, Wash Tech, Brand, counterparts and with vendor merchandising teams. As part of costing Excellence team s/he will also be providing support in identifying opportunities of cost saving through product reengineering, cost standardization, helping build up costing library & support any cost related initiatives for the company.What You'll Do
- Simplifying the whole costing process & establishing transparent costing with suppliers
- Support in setting up business allocation decision based on product-based supply chain.
- Improve the AUC margin expectations through key levers product strategy, man machine ratio, factory efficiency, labor cost and material optimization with the aim to deliver product value to the consumer.
- Establish and continuously update costing frameworks, standards and tools that enable transparent, fact-based costing with suppliers.
- Explore & develop training materials for both Gap internal staffs & external vendors/factories.
- Establish an appropriate governance for cost validation through standardization, benchmarking.
- Supporting in creating factory level/country level cost competitive matrix. Explore & develop new training tools and training materials for both Gap internal staffs & external vendors/factories.
- Resolves issues within a timely manner while working to continuously improve and create internal and external processes and procedures.
- Review Targets and create a path to meeting the target using product re-engineering while maintaining aesthetics.
- Review vendor costings and validate components using standard benchmarks or reference programs.
- Ability to create Markers independently to validate garment consumptions.
- Conceptual understanding of working based off SMV Data to finalize garment costing.
- Maintains relationships and drive towards fact-based negotiation with new and current vendors.
- Works with costing capability development team, GIS PD/PC, Brand Teams, Mill management team, Trims & Packaging team, Wash Tech to leverage their expertise to optimize the product cost
- Supports cross functional teams in problem solving, information sharing and counter sourcing to support best placement plan.
- 4-6 years business and Production experience in managing end to end costing or sampling , Ex. Production Merchandiser
- Strong knowledge of manufacturing and sourcing within apparel/non-apparel industry , market trends for new vendor sourcing and development
- Thorough understanding of Gap Inc. CoBC protocols.
- Knowledge of PMTS based tools and Marker making tools to material Yield have an added advantage.
- Strong knowledge of product cost drivers (i.e. Macro factors which drives the cost)
- Communication skills– both written and verbal – English; local language is an added advantage.
- Strong negotiations skill, risk management and trouble shooting skills; works proactively.
- Ability to influence all levels internal & external supplier management.
- Supervision, training, and staff learning development skills.
- Planning, scheduling, and reporting strengths.
- University graduate or degree in fashion Technology or Textile (Industry related) or equivalent work experience Ex. B.F.Tech from NIFT
Top Skills
Marker Making Tools
Pmts
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