Analyst, Materials Costing, Footwear & Equipment

Position Definition (Key Purpose of the Position): 

As part of the Global Material Sourcing (GMS) Team, the costing analyst will manage all material costing related activities that services all Brands and product categories. The individual is responsible to manage and execute material cost benchmarking & support pricing negotiation to maximize “One VF” scale in leverage through analytics and brings a procurement mindset to the organization. The role has extensive focus to operationally connect with Brands, Sourcing, Suppliers, Finance, and Responsible Sourcing & Sustainability organizations.  Frequent influential communication to external partners are required. 

Key Result Areas:

·       Manage seasonal costing for FTW & Equipment Materials through the go-to-market calendar to meet all milestones.

·       Strengthen the “One VF” model by using fact-based insights to support the material supply strategy.

·       Analyze and validate supplier cost breakdowns for underfoot components, ensuring accuracy and alignment with internal benchmarks

·       Support cost negotiations by setting targets, applying fact-based methods, and driving outcomes in supplier discussions.

·       Partner cross-functionally providing insights to cost competitiveness in support of supplier selection and underfoot component choices supporting material/manufacturing strategies and Product Development objectives.

·       Maintain PLM material library costing functions and deliver benchmarking (commodity updates, savings tracking, and price-trend analysis..

• →Support data analysts to build and maintain cost models leveraging Ai capabilities to identify cost-reduction opportunities through material consolidation, supplier leverage, and process improvements.
• →Maintain centralized cost data for underfoot components, including supplier quotes and pricing history.
• →Support digitization of costing workflows and integration with PLM systems.

Behavioral Competencies -

(Please refer to VF guiding principles and Leadership Profiles)

• High EQ in working with cross-functional/cultural partners
• Strong interpersonal and communication skills (oral and written)
• Optimistic and dare to take calculated risks
• Team player and the ability to work independently
• Bold and creative thinking
• Competent in managing relationships with suppliers and internal business partners
• Able to work under pressure with multiple tasks simultaneously while meeting tight deadlines

Functional Competencies –

List down specific set of functional skills required to perform in this role

• Strong negotiation skills with the ability to influence
• Strong analytical and problem-solving skills
• High understanding of underfoot materials and related commodities

Minimum Degree Held: Bachelor’s degree, College graduate or equivalent work experience

Subject Expert In:   Textile, Procurement, Supply Chain, but not limited to

Certifications Required:  N/A

Minimum Relevant Experience: 

Experience in Apparel, Footwear, Equipment materials and/or Sourcing and Supply Chain organizations but not limited to

Minimum Supervisory Experience:

N/A

Nature of Work:

Materials Sourcing