Product Cost Analyst

3 weeks ago

Leesburg, United States Total Nutrition Technology Full time
We are seeking a detail-oriented and analytical Product Cost Analyst to join our team. The ideal candidate will be responsible for analyzing and optimizing product costs, identifying cost-saving opportunities, and supporting decision-making processes related to product pricing and profitability.

Key Responsibilities:
Product Cost Analysis:
  • Analyze the cost components of our products, including materials, labor, overhead, and other associated expenses.
  • Identify factors influencing product costs and conduct cost breakdowns to understand cost drivers and areas for improvement.
  • Collaborate with cross-functional teams, including procurement, manufacturing, and engineering, to gather cost-related data and insights.
Cost Modeling and Forecasting:
  • Develop and maintain cost models to estimate the production costs of new and existing products.
  • Conduct cost forecasts and scenario analyses to support strategic decision-making, pricing strategies, and product lifecycle management.
  • Monitor actual costs against budgeted or projected costs and investigate variances to identify underlying causes.
Cost Optimization:
  • Identify opportunities to reduce product costs through process improvements, supplier negotiations, value engineering, and other cost-saving initiatives.
  • Evaluate the financial impact of proposed changes or investments on product costs and profitability.
  • Partner with stakeholders to implement cost-saving measures while maintaining product quality and customer satisfaction.
Reporting and Communication:
  • Prepare regular reports and presentations on product costs, cost-saving initiatives, and cost trends for management review.
  • Communicate findings and recommendations effectively to stakeholders at various levels of the organization.
  • Provide insights and support for strategic decision-making related to product development, pricing, and profitability.

Qualifications:
  • Bachelor's degree in business, Economics, Engineering, or a related field. Advanced degree or relevant certifications are a plus.
  • Years of experience in cost analysis, product costing, or related roles within a manufacturing or similar industry.
  • Strong analytical skills with the ability to interpret complex data and identify actionable insights.
  • Proficiency in financial modeling, cost estimation techniques, and Excel. Experience with ERP systems or cost analysis software is preferred.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and present findings to stakeholders.
  • Proven ability to prioritize tasks, meet deadlines, and work independently in a dynamic environment.


About Total Nutrition Technology:

COMPANY HISTORYTotal Nutrition Technology is a fast-growing, global manufacturer, marketer and distributor of food and nutritional products located in Leesburg, FL.Since the company’s inception over 10 years ago, Total Nutrition Technology has maintained an A+ listing with the Better Business Bureau. Based on our growth rate over the last three years, Total Nutrition Technology was listed on the INC 5,000 List of Fastest Growing Companies for 2017.We attribute our success to our ability to provide affordable turnkey solutions, our stringent manufacturing processes, our strategic supplier relationships, and our focus on customer service throughout the process.Total Nutrition Technology currently ships to customers in over six different countries. Our customers include: large international and domestic grocery chains and food manufacturers, nutrition and specialty product retailers, national franchisors, and sundry private label companies.Total Nutrition Technology is certified as both a minority-owned, and woman small owned business (WOSB) to conduct business with government entities, Fortune 500 companies, and privately-owned businesses.Total Nutrition Technology offers health, wellness and performance products under our TNT Supplements TM private label, as well as other consumer products, such as coffee, teas, cereals and other consumer products under our TNT Foods TM and other brands.When our new distribution center is complete in 2018, TNT Distribution will begin offering warehouse solutions in Central Florida to 3rd parties distributors that will include some of our own customers.OUR MISSION STATEMENT Total Nutrition Technology’s mission is to drive sustainable growth through the power of our people, long-term customer, consumer and stakeholder relationships and private label brands, while helping to nourish and improve the quality of people’s lives across the world.OUR CORE VALUES As a company we are positive, organized, team-oriented, focused on continuous improvement, and proud of our accomplishments. We also believe in diversity, a safe work environment, and that our employees are our greatest asset.As employees, we believe in honesty, integrity, maintaining our good reputation, and having fun. We, furthermore, believe in God, are family-oriented, and are mindful of our health.Moreover, we love our customers, who we see as our partners. We focus of strengthening our customer relationships everyday by being solutions-oriented, adapting, offering innovative solutions, maintaining good communications, and always saying “yes.”OUR VISION STATEMENT We also would like to become better known domestically and internationally as a food and nutrition product manufacturer, and for our private label products (TNT Supplements TM and Creamer Creations TM) by strengthening our supplier relationships, further diversifying our customer base, being more proactive in our sales and marketing efforts, and entering new markets — while also being mindful of profitability. Over the next five years, we would, furthermore, like to contribute to a safer environment, be more connected to the local community, and continue to provide our employees with the opportunity to grow in the company.

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