- Develop and implement cost estimation models for different stages of the supply chain.
- Analyze historical data, market trends, and industry benchmarks to determine accurate cost estimates.
- Collaborate with cross-functional teams to gather relevant information for cost analysis.
Budgeting and Forecasting:
- Assist in the preparation of budgets by providing accurate cost estimates and projections.
- Work closely with finance teams to ensure alignment between estimated costs and budgeted amounts.
- Provide regular forecasting updates based on changes in market conditions or supply chain dynamics.
Vendor and Supplier Management:
- Evaluate supplier quotes and proposals to assess the cost implications.
- Negotiate with vendors to secure favorable pricing and contractual terms.
- Maintain relationships with key suppliers to stay informed about market changes and cost drivers.
- Utilize data analysis tools and software to extract meaningful insights related to cost trends.
- Identify opportunities for cost optimization and efficiency improvements within the supply chain.
- Collaborate with procurement, logistics, and operations teams to understand and incorporate relevant factors into cost estimates.
- Communicate effectively with various stakeholders to ensure alignment on cost expectations.
- Evaluate potential risks and uncertainties that may impact cost estimates.
- Develop risk mitigation strategies to address and minimize cost-related risks.
- Bachelor's degree in Supply Chain Management, Business, Finance, or a related field.
- Several years of experience in supply chain management with a focus on cost estimation.
- Familiarity with industry-specific cost drivers and market dynamics.
- Strong analytical and quantitative skills to interpret data and make informed decisions.
- Excellent communication skills to convey complex cost information to diverse stakeholders.
- Proficient in negotiation techniques to secure favorable terms with suppliers.
- Experience with data analysis tools, spreadsheet software, and enterprise resource planning (ERP) systems.