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Urgent! Sourcing Cost Analyst Job Opening In Chesapeake – Now Hiring Dollar Tree
The primary duty of a Sourcing Cost Analyst is to generate and report product cost modeling.
They will have a critical role in analyzing and estimating all attributes of product costs.
This role will be responsible for building comprehensive should cost models to evaluate and benchmark the cost structure of SKUs, enabling informed decision-making, improving product build strategies, and driving cost reduction initiatives.
This role will also track and report on commodity trends and provide product level impact insights to cross functional teams.
They will develop and grow an expertise in commodity analysis, cost analysis, manufacturing processes, and market analysis to be able to generate accurate product cost models and actionable insights to support global sourcing, merchandise, and private brands with sourcing engagements, negotiations, and product development efforts.
The Sourcing Cost Analyst will collaborate closely with cross-functional teams, including global sourcing, merchandise, private brands, and logistics to identify cost inefficiency opportunities, enhance cost transparency, and drive cost optimization across our product portfolio.
**Principal Duties & Responsibilities** : Product Cost Modeling: Develop detailed should cost models for SKUs by analyzing material inputs, manufacturing processes, labor, overheads, currency, logistics, and other cost factors.
Utilize expertise and detailed research to estimate costs for each component and build comprehensive item cost models.
Cost Model Benchmarking: Compare should cost estimates to received market data to identify cost-saving opportunities, inefficiencies, and areas for improvement.
Refine models accordingly and provide actionable insights to drive cost reduction and product improvement efforts.
Negotiation Support: Work with merchandise and global sourcing teams to evaluate proposals and assist in the development of negotiation strategy with suppliers-based cost transparency and should cost analysis.
Suggest cost-reducing specification modifications that still achieve quality and product use-case goals.
Commodity Trend Reporting: Monitor and analyze commodity data for trend fluctuations and supply chain risks and proactively produce trend analysis reporting.
SKU Specification Evaluation: Facilitate collection and validation of SKU specifications to identify opportunities for cost optimization, tariff engineering, and value enhancement by suggesting design modifications, alternative materials, or process improvements based on should cost models.
SKU Specification Support: Assist with the preparation of market bid SKU specification prior to go-to market requests for proposals.
Monitor innovations and refine models: Perform market research and data gathering from various industry, government, trade sources, trade shows, and market innovation reports to ensure and enhance the accuracy of should cost models.
Awareness and Training: Educate and train sourcing and buying teams on should cost analysis methodology, tools, and techniques to foster cost-conscious decision-making across the organization.
Maximize profitability through product cost savings initiatives factoring in impact from sourcing strategy shifts, manufacturing practices, duty landscape, macro-economic variables, payment terms, logistics models, business and consumer needs.
Other strategic sourcing projects as assigned.
**Position Requirements:**
+ Bachelor's degree in Engineering, Economics, Supply Chain, or a related field.
+ Proven experience as a Product Cost Analyst, Financial Analyst, or similar role, with a focus on product cost modeling and understanding of manufacturing processes.
+ Strong critical-thinking, analytical and quantitative skills with the ability to interpret complex cost data and build accurate cost models.
+ Experience in product value engineering and strategic sourcing.
+ Knowledge of manufacturing processes, materials, and cost drivers across various industries.
+ Communication and presentation skills to convey reports and recommendations.
+ Ability to work in a collaborative cross-functional work environment.
**Minimum Requirements:**
**Education** : Bachelor’s degree (BA / BS / BFA) or equivalent experience.
**Experience:** 4+ years of corporate retail experience in Cost Analysis, Commodity tracking, Finance, and/or Global Sourcing
**Software:** High proficiency with Microsoft Office (Access, Excel, Word, and PowerPoint).
Advanced to expert experience with excel is preferred.
Proficiency in utilizing should cost commodity and cost componentry systems.
Full time
500 Volvo Parkway,Chesapeake,Virginia 23320
Global Sourcing
Dollar Tree
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Unlock Your Sourcing Cost Potential: Insight & Career Growth Guide
Real-time Sourcing Cost Jobs Trends in Chesapeake, United States (Graphical Representation)
Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph below. This graph displays the job market trends for Sourcing Cost in Chesapeake, United States using a bar chart to represent the number of jobs available and a trend line to illustrate the trend over time. Specifically, the graph shows 5302 jobs in United States and 2 jobs in Chesapeake. This comprehensive analysis highlights market share and opportunities for professionals in Sourcing Cost roles. These dynamic trends provide a better understanding of the job market landscape in these regions.
Great news! Dollar Tree is currently hiring and seeking a Sourcing Cost Analyst to join their team. Feel free to download the job details.
Wait no longer! Are you also interested in exploring similar jobs? Search now: Sourcing Cost Analyst Jobs Chesapeake.
An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at Dollar Tree adheres to the cultural norms as outlined by Expertini.
The fundamental ethical values are:The average salary range for a Sourcing Cost Analyst Jobs United States varies, but the pay scale is rated "Standard" in Chesapeake. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for Sourcing Cost Analyst typically include Other General and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
To improve your chances of getting hired for Sourcing Cost Analyst, consider enhancing your skills. Check your CV/Résumé Score with our free Resume Scoring Tool. We have an in-built Resume Scoring tool that gives you the matching score for each job based on your CV/Résumé once it is uploaded. This can help you align your CV/Résumé according to the job requirements and enhance your skills if needed.
Here are some tips to help you prepare for and ace your job interview:
Before the Interview:To prepare for your Sourcing Cost Analyst interview at Dollar Tree, research the company, understand the job requirements, and practice common interview questions.
Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the Dollar Tree's products or services and be prepared to discuss how you can contribute to their success.
By following these tips, you can increase your chances of making a positive impression and landing the job!
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