Specialist, Product Costing

Key Responsibilities 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. ‘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. 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 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 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 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. Employees may be eligible for annual and long-term incentives as part of their overall compensation package, depending on role, location, and eligibility. Benefits and programs may include: Health & Wellness Time Off to Recharge Financial Well-being Life & Family Support Volunteer and Community Initiatives Learning & Development Exclusive Perks Please review our Applicant Privacy Notice to learn how we collect, use, and protect your personal information in connection with the application process.