Cost Analyst, Item Cost Management

Advance Auto Business Support (300); Raleigh (NC); Hybrid; USD 70,000 - 95,000; Full time

Job summary

Advance Auto Parts, Inc. is seeking a Sourcing Analyst to manage item cost data with governance and accuracy. You will validate data, support landed cost modeling, and collaborate with U.S. and Taipei teams, Finance, and Logistics to ensure audit readiness.

The role emphasizes data integrity, documentation, and adherence to cost governance standards in a hybrid Raleigh, NC setting. A Bachelor’s degree and relevant experience are required.

Qualifications

• Bachelor’s degree in Finance, Supply Chain, Business, or related field.
• 2–4 years of cost analysis, supply chain, or retail merchandising operations experience preferred.
• Experience with import costs or HTS classification is a plus.

Responsibilities

• Execute end-to-end item cost updates with proper documentation.
• Maintain item-level cost components (base cost, freight, duty, surcharges).
• Support data governance frameworks and required fields, approvals, and documentation.
• Ensure cost changes comply with governance rules and financial policies.

Skills

Attention to detail

Cross-functional communication

Data governance

Education

Bachelor’s degree in Finance, Supply Chain, Business

Tools

Excel

Power BI

Oracle RMS

ADIS

PMM

Job description

Job Description Job Summary

The Sourcing Analyst is responsible for the accurate execution, maintenance, and governance of item cost data across merchandising SKUs. This role ensures cost updates are processed accurately and timely within established global workflows and data governance standards. The analyst performs detailed data validation, supports landed cost modeling for direct imports, and helps maintain compliance documentation related to duties and tariffs. This role plays a critical operational support function between U.S. and Taipei sourcing teams, Finance, and Logistics, ensuring cost data integrity, audit readiness, and adherence to defined cost data governance frameworks.

Key Responsibilities

• Cost Lifecycle Execution Execute end‑to‑‑end item cost updates from vendor quote receipt through final approved and activated costs, ensuring completeness, accuracy, and proper documentation.
• Maintain item‑level cost components, including base cost, allowances, freight, duty, and surcharges, in accordance with approved costing structures.
• Cost Data Governance & Controls Support the execution of established cost data governance frameworks, including standardized data definitions, required fields, approval thresholds, and documentation requirements.
• Ensure cost changes comply with defined governance rules, audit controls, and financial policies before activation in enterprise systems.
• Partner with Finance and Sourcing to help identify data quality gaps, recurring errors, or control weaknesses, and support remediation efforts.
• Maintain audit‑ready cost records and support internal or external audits by providing documentation and cost change rationale as requested.
• Workflow Coordination Process cost change requests through established approval hierarchies, ensuring alignment with financial controls and segregation‑of‑duty requirements.
• Track and communicate cost change status to sourcing and merchandising partners, escalating issues when approvals or data are incomplete.
• Data Quality, Audit & Validation Conduct routine audits and variance checks on item cost data to identify discrepancies across systems.
• Investigate root causes of cost data issues and support corrective actions to prevent recurrence.
• Maintain a high standard of data accuracy across categories, vendors, and sourcing regions.
• Import & Landed Cost Support Support maintenance of landed cost models by updating duty rates, HTS codes, freight assumptions, and transportation surcharges.
• Assist with data inputs used for margin analysis and import cost forecasting under defined frameworks.
• Cross‑Functional Support Serve as an operational point of contact for U.S. and Taipei sourcing teams regarding cost setup, changes, and timing.
• Collaborate with Finance, Logistics, and Compliance to ensure cost data aligns with downstream financial reporting and regulatory requirements.

Qualifications

• Strong working knowledge of enterprise systems (e.g., Oracle RMS, ADIS, PMM).
• High level of attention to detail with experience in data cleansing, root cause analysis, and spreadsheet management.
• Proficiency in Excel (VLOOKUP, Pivot Tables, Formulas) is required.
• Experience with Power BI or Macros is preferred.
• Ability to communicate effectively with cross‑functional partners in Finance, Logistics, and Sourcing.

Certifications, Experience, and Education

• Certifications: None.
• Experience: 2–4 years of experience in cost analysis, supply chain, or retail merchandising operations. Experience with import costs or HTS classification is preferred.
• Education: Bachelor’s degree in Finance, Supply Chain, Business, or a related field; OR an equivalent combination of experience and education.

Location & Work Availability

This position is Hybrid (4 days in office, 1 day remote), based at our corporate headquarters in Raleigh, North Carolina.

Benefits Summary

We believe in supporting our Team Members and those they love through comprehensive health & wellness benefits. Learn more here: https://jobs.advanceautoparts.com/us/en/benefits

Company Overview

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do‑it‑DIY customers. As of January 3, 2026, Advance operated 4,305 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The Company also served 809 independently‑owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age national origin, religion, sexual orientation, gender identity, status as a veteran and basis of disability or any other federal, state, or local protected class.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age national origin, religion, sexual orientation, gender identity, status as a veteran and basis of disability or any other federal, state or local protected class.

We comply with all applicable federal, state, and local laws.

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Company Overview (Updated)

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do‑it‑DIY customers. As of October 5, 2024, Advance operated 4,781 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,125 independently‑owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.