Director, Costing, ODAS
VF Corporation
Office, Kwun Tong , HKG

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Support Management vision and Margin Control

  • Economic and costing trend analysis for top manager meeting presentation
  • Key style cost benchmarking against other brands to keep ODAS Brands pricing competitive with an initial focus on TNF Apparel
  • Setting costing strategy Costing process, duty saving, reduce sample SKU / development cost, work with sourcing to shift country sourcing % to get cheaper labor overhead
  • Implementing new costing models such as GSD / SMV and enhancing existing costing models.
  • Monitor margin status and develop margin improvement strategy
  • Review margin report and give recommendations to the management
  • Provide seasonal C / O FOB price comparison, FOB forecast and quarterly mold amortized report
  • Provide all related costing information to support functional team’s job (GMS team / Innovation / Engineering, finance and Internal Audit team)
  • Support with Seasonal update pre-costing and FOB price into Enovia system
  • Manufacturing Cost Labor overhead

  • Monitor inflation, currency rate, minimum wage, social insurance for all sourcing countries to predict cost trend, sourcing plan reference and control stable product price.
  • Define product complexity with Sourcing team and set up seasonal labor / overhead level to eliminate unreasonable labor overhead cost.
  • Team building and others

  • Training ODAS Sourcing Merchandising teams and other teams per needed
  • Support Sourcing and work with US development team from initial costing to final price.
  • Setting cost standards / tools / system consumption, process cost
  • Create and maintain cost reference data to achieve better prices.
  • Build BOM calculators and train Sourcing and US Development teams to design into cost
  • Benchmarking of core products to remain competitive
  • Enterprise thinking to drive the costing excellence cross ODAS first, then cross apparel and whole VF Asia
  • Key Area of Responsibility :

  • Provide leadership support to the team, build talent and capability.
  • To manage the costing processes and timeline
  • To work closely with HK Sourcing team and US Development team in achieving pre-determined profit margins
  • To negotiate with the vendors on cost reductions
  • To support the corporation initiatives on cost reduction and discount programs
  • Major Challenge :

  • Lead Costing process transformations, influence stakeholders and drive implementation collaborating with Sourcing merchandising teams.
  • Capability to communicate effectively to key stakeholders eg Sourcing, vendors and US office
  • To identify cost reduction areas and devise proposals for margin achievement
  • Familiar with apparel, back pack and Equipment materials, patterns and yield as well as costing processes.
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