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Senior Manager, Cost Optimization

2 months ago

Atlanta, Georgia, United States Genuine Parts Company Full time
Job Summary

In this key role, the Senior Manager, Cost Optimization will support our Merchandising business partners by providing high-quality analytics and targeted negotiation strategy. The primary objective of this position is to act as the internal financial consultant to facilitate and co-lead supplier negotiations. In this consultant role, the individual will analyze product costs, vendor financial performance, product engineering, supply chain, and store operations to identify potential savings on the products we sell.

Responsibilities
  • Strategic Analysis/Problem Solving - Works to fully understand the business; identify and implement process and organizational improvements. Plans and ensures execution of department objectives. Participates in preparation of the annual budget. Reviews monthly expenditures & metrics and ensures that budgetary goals are met.
  • Cost Change Approval Process - Manages APG's end-to-end Supplier Cost Change approval process through robust cost justification analysis (commodity trends, vendor/industry economics, labor, FX, competitive insights, like-SKU analysis, etc.) and negotiates with suppliers.
  • Supplier Tenders - Partners with Sourcing on Supplier Tenders through providing robust bid analysis and cost justification analysis (as described above).
  • Pricing Support - Supports pricing team with future recommendation and guided approach based on market justification & follow-up with negotiated outcome.
  • Work Team Management - Leads, plans, and coordinates work teams in an efficient manner to effectively perform any financial function and activity; utilizes metrics to track performance and manage workload. Ensures operational processes and procedures are compliant and consist with established policies.
  • Category Optimization - Operates as key functional partner in conjunction with Category Managers to optimize productivity across all categories.
  • Long-Term Cost Trend Analysis - Evaluates long-term historical cost trends of associated commodities across in-scope categories, understanding both headwinds and tailwinds in negotiations with existing/prospective suppliers.
  • Executive Reporting - Establishes executive-level reporting of categorical product cost analytics to better assist Category Team & Procurement in determining most strategic supplier partnerships.
Qualifications
  • 5-10 years of experience in procurement or global sourcing.
  • MBA in Finance or Accounting or BS in Accounting.
  • Excellent negotiation and analytical skills.
  • Reports to Director of Procurement.
  • Accountable for direct supervision, coaching, & development of the work activities of others.
  • Planning, monitoring and reviewing work of subordinates is required.
Leadership
  • Embodies the following values: serve, perform, influence, respect, innovate, team.
  • Effectively communicates by motivating and inspiring others through clear and proactive communication.
  • Delivers results and drives customer success by committing and focusing on outcomes to deliver results and making the customer the center of decisions.
  • Makes balanced decisions and thinks strategically by being a forward thinker.
Working Environment
  • Office working environment.