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.