Director of Costing

Ultipro; Los Angeles, Northern (CA, KY); Hybrid; USD 180,000 - 240,000; Full time

Benefits offered by this job

Medical, Vision, Dental coverage

Life Insurance

401(k) plan with employer match

Paid childcare leave

Wellness benefits

Job summary

WHY Brands Inc., parent of Munchkin, Inc., seeks a seasoned leader to drive global sourcing and product costing strategies. The role focuses on cost reduction, quality, and supplier performance, while overseeing budgets and developing the sourcing team for effective execution across all activities.

The ideal candidate has 15+ years in costing/procurement in consumer products, with a BS in Engineering, and strong strategic execution capabilities in a fast-paced environment.

Qualifications

• Think strategically to align cost, quality and delivery with company goals.
• Communicate decisions effectively to executive management.
• Lead and mentor sourcing and costing teams.

Responsibilities

• Create and execute cost-reduction and supplier-management strategies.
• Direct product costing and global sourcing activities to meet financial goals.
• Lead negotiations with global suppliers including price, terms, and capacity.
• Oversee vendor selection, contracts, and cost modeling.
• Develop and manage the costing library and should-cost estimates.
• Mentor staff and manage budgets for sourcing and costing activities.

Skills

Strategic thinking

Executive communication

Project management

Cross-functional collaboration

Time management

Vendor relationship management

Education

BS degree in Engineering

Job description

WHY Brands Inc., a parent company of Munchkin , Inc., focuses on creating, incubating, and growing the next generation of consumer lifestyle brands. Founded in 1990, Munchkin is the leading consumer product company and most loved baby lifestyle brand behind the innovative gear and products for children, mothers, and caregivers. Munchkin has sold billions of dollars of products through our key retail partners: Target, Walmart, and Amazon and has global distribution in over 50 countries. With over 350+ patents under our belt and over 250 international product and brand design awards, we continue to create solutions that leave our customers asking, "how did I ever live without this?" Innovation is the core of our company DNA and has been driving our designs for over 30 years! Recognized as #8 on America’s Most Innovative Companies list by Fortune Magazine, innovation is the core of our company DNA and has been driving our designs for 30 years!

Welead withour core values and believe that investing in the community is our responsibility. We create opportunities for every child’s potential and well-being through the Radiant Colors program, work to create a sustainable future, and in partnership with the International Fund for Animal Welfarehave committedto animal conservation.

There is no better time than now to join WHY Brands as we embark on our next and biggest growth journey, and you could be the next influential leader to play a key role in driving enormous customer-centered value and rapid growth.

WhatYou’llDo:

This role leads global sourcing and product costing strategies to achieve company financial goals, focusing on cost reduction, quality, and supply performance. It oversees supplier selection, contract negotiation, cost modeling, and vendor management while driving savings initiatives and continuous improvement. The position also manages budgets, maintains cost data, and develops the sourcing team to ensure effective execution across all sourcing and costing activities. Specific job duties include:

• Creates and executes strategies that align with the Company goals for reducing costs and meeting company financial expectations, while managing vendor relationships
• Oversee and direct product costing and sourcing activities to ensure all financial goals and objectives are met
• Lead global sourcing strategy to ensure the aggressive savings targets set up by the Company and business needs are being met
• Identify and manage global sourcing strategies to establish and implement a sourcing strategy focusing on cost, quality, and delivery
• Conduct industry analysis to provide proactive insight into sourcing strategy
• Initiate, direct and conduct all activities relating to negotiating, evaluating, selecting, and implementing preferred supplier contacts
• Represent the Company and negotiate contracts with global suppliers which include negotiating price, capacity, terms and conditions in support of those agreements
• Act as the interface to supplier; ensure supplier development and partnership; and ensure that suppliers meet key requirements and obligations
• Provide overall direction for total system cost modeling and developing "should cost" estimates
• Identify and implement problem solving methods for cost control and improvement projects each year in partnership with factories
• Manage maintenance of a material cost library and implement tracking process for core commodity costs
• Manage Costing and Sourcing budget and budget setting process
• Mentor, train, and develop staff to facilitate effective performance across all phases of the sourcing and costing processes
• Other duties may be assigned

Bring It!

• Minimum of 15 plus years of costing and procurement experience in the consumer products industry with a BS degree in Engineering
• Demonstrated ability to think strategically
• Ability to articulate points of view with executive management and execute plans when directed
• Minimum 10 years supervisory experience
• Utilize project management skills to manage projects, develop project scopes, budgets, schedules, and communicate associated risks to peers and management
• Experience working with cross-functional teams managing multiple projects
• Superior problem solving and interpersonal communication skills with a proven ability to be an extremely flexible team member that can meet deadlines and excel in a fast-paced, demanding environment
• Must have excellent time management skills and be able to work effectively with little management oversight

As a Great Place to Work Certified company, we are committed to offering the best to our employees. We offer a comprehensive benefits package that includes medical, vision, dental, prescription drug coverage, life insurance, wellness benefits, generous employer-matched 401(k) plan, Paid Childcare Leave, among other benefit plans. Our total rewards are top ofmarketand include competitive salary, bonus, and opportunities to earn equity. We focus on supporting employee development and growth.

We regularly hold social functions to foster a genuine camaraderie that enhances teamwork. At our company-wide award functions, we take time to recognize the talent and dedication of the people who make Munchkin the most loved baby lifestyle brand in the world.

To give our people flexibility, we offer hybrid work environment with opportunities forhalf-day Friday’s all year aroundand provide annual weeklong global office closures giving our people a chance to recharge.

Munchkin welcomes and values what makes everyone unique.We’reproud to be an equal opportunity and affirmative action employer. All hires for our team are based on qualifications, merit, and business needs. We recruit, employ, train, and promote regardless of race, color, religion, disability, sex, sexual orientation, gender identity, national origin, age, veteran status, genetic characteristic, or any other protected status.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.