Specialist, Product Costing

The Hasbro Global Supply Chain Team manages a spend of USD1.3 billion of which $0.8 billion is ex-factory cost across a portfolio of brands (Action Brands, Games, Play Doh, Fashion, Preschool and Sports Action) and Material Categories (Packaging, Resin, Tooling, and other key materials) across a supply network of ~40 FG suppliers and >100 material suppliers. The Global Supply Chain Team is accountable to plan, source, make and deliver Toys & Games to Hasbro quality standards, on Time & in Full and at competitive costs through a global supply network of contract manufacturers, material suppliers, test-labs, model-shops, and toolmakers.

Critical for the business and financial success Hasbro Toys & Games is to negotiate the lowest landed product costs and most competitive factory rates to deliver the year-on-year Productivity.

The jobholder will manage the product cost activities for the assigned product categories.

The job holder reports to the Product Cost Manager for the assignment product categories.

Key Responsibilities

1. Member of the Global Category Sourcing team:

• Accountable for the regional implementation & execution of the Global Sourcing Strategy & Supply Network redesign.
• This requires communicating globally & acting locally within the global supply network.

1. ‘Should Be’ Costs estimates based on Product Cost Modelling:

• Provide Brand team, PD, Industrial Engineers and Sourcing with accurate and timely ‘Should Be’ Costs for New Product Development, Refresh and & Carry Forward items for assigned categories.
• The objective is to identify product cost opportunities to meet project target costs, benchmark competition costs, challenge supplier cost estimates and define new productivity initiatives.
• Apply and refine cost models for assigned categories based on latest cost data, factory rates and competitive benchmarks.

1. Costing process during Product Development

• Collaborate with cross functional project team (Product Development, Quality, Finance, Planning) to ensure product cost transparency and updates at required project milestones.
• Lead the costing process during Product Development with the objective to meet the Product Costs target.
• Lead the communication and timeliness of supplier quote submissions, supplier negotiation and upload in Hasbro costing systems.
• Provide technical support to supplier on Hasbro costing systems (such as P2M, PQS, E-connect)
• Act as focal person on all product costing related issues between Hasbro and suppliers

1. Annual Rate Negotiations with assigned suppliers

• Join forces with Supplier Performance Managers to prepare and execute the Annual Rate Reduction (ACR) with assigned suppliers.
• Negotiations on factory rates based on Should Be cost modelling, external benchmarks and top-down targets
• Implement and update the negotiated cost parameters onto product cost in system

1. Productivity Pipeline

• In addition, the product cost negotiation during Product Development and Annual Rate Reduction, the jobholder will support to maintain the >3% Sourcing productivity pipeline (>$20M P&L impact) via specific Productivity initiatives across Industrial Engineering, Global Sourcing and Product Development
• Support Industrial Engineers, PD and Supplier Managers with cost modelling for Design to Value, Design for Manufacturing and Kaizen/Lean/Gemba events at factories

1. Shopfloor reality check

• The jobholder will frequently visit the factory floor of the assigned suppliers and/or potential suppliers for a reality check and benchmark on the product cost assumptions, factory rates and Should Be cost models
• Participate in the evaluation of potential new suppliers for the assigned categories.

 

Years of Experience Required
Minimum 2-3 years’ relevant working experience in costing, manufacturing engineering and/or sourcing roles.

Technical Skills Requirement

• Technical degree in Industrial or Mechanical Engineering, Finance and/or Product Costing related discipline
• Practical knowledge of factory rates, time studies, product costing, local wages & benefits.
• Good knowledge on key costs drivers for Toy & Games manufacturing such molding, decoration, assembly, pack-out and key materials such as resins, paper/packaging, paint, electronic components.
• Proficient in spoken and written in English
• About 20% travel to regional factories

 

Soft Skills Requirements

• Energy & Passion: Boundless energy & unlimited bandwidth to get the job done. Eager to do the right things for Hasbro and not constrained by job description, function, department thinking, time-zones or working hours.
• Internal Impact: Builds and maintains a solid network and partners intensively with Global Consumer Insight Organization, Global Supply Chain and Commercial Markets to spark them to perform, influence decision making and integrate the business & functional priorities in own actions.
• External Impact: able to influence respectfully stakeholders at manufacturing partners, key suppliers, model-shops, toolmakers and test-labs to address their issues and have them take ownership to drive operational excellence in joint product development, supply, quality, compliance and cost.
• Edge: strong negotiator with desire to Play to Win, forcing concrete actions & decisions from each meeting/discussion, willing & able to makes difficult decisions on people and external partners
• Execution: Consistent, hands-on and pragmatic performer, consistently deliver on all Procurement goals (Operational Excellence, Product/Materials Costs Savings, Supplier Performance Improvement) and tackle any internal/external performance or relationship issues and proactive solve them.