Sourcing Cost Analyst

Dollar Tree, Inc.; Chesapeake (VA); On-site; USD 73,000 - 80,000; Full time

Benefits offered by this job

Health, Dental, & Vision

Flex spending account

Life and disability insurance

401k plan

PTO

Paid holidays annually

Employee Stock Purchase Plan

Yearly bonus

Employee Assistance Program

Retirement plans with matching

Educational Assistance

PerkSpot discount

Job summary

Dollar Tree, Inc. is seeking a Sourcing Cost Analyst to build detailed “should cost” models for SKUs and drive cost optimization across the product portfolio.

You will partner with global sourcing, merchandise, private brands, and logistics to deliver actionable insights and support cost reduction initiatives. The role requires 4+ years in corporate retail cost analysis, strong analytical skills, and proficiency with Excel.

Qualifications

• Bachelor’s degree or equivalent in a relevant field.
• 4+ years of corporate retail experience in Cost Analysis, Commodity tracking, Finance, and/or Global Sourcing.
• Strong critical-thinking, analytical and quantitative skills with the ability to interpret complex cost data and build accurate cost models.
• Experience in product cost modeling and strategic sourcing.
• Knowledge of manufacturing processes, materials, and cost drivers across various industries.
• Excellent communication and presentation skills; ability to work in cross-functional teams.

Responsibilities

• Product Cost Modeling: Develop detailed 'should cost' models for SKUs by analyzing inputs, processes, labor, overheads, currency, logistics, and other cost factors.
• Cost Model Benchmarking: Compare 'should cost' estimates to market data to identify savings and inefficiencies; refine models accordingly.
• Negotiation Support: Work with teams to evaluate proposals and assist in negotiation strategy with suppliers based on cost transparency and 'should cost' analysis.
• Commodity Trend Reporting: Monitor and analyze commodity data for trend fluctuations and risks; produce trend analyses.
• SKU Specification Evaluation: Validate SKU specs to identify opportunities for cost optimization and design modifications.
• SKU Specification Support: Assist with market bid SKU specification prior to go-to-market requests for proposals.
• Market research: Gather data from industry sources to improve model accuracy.
• Awareness and Training: Educate teams on should-cost methodologies and tools.

Skills

Critical thinking

Analytical skills

Quantitative skills

Collaboration

Education

Bachelor's degree in Engineering, Economics, Supply Chain, or related field

Tools

Excel

Access

Word

PowerPoint

Job description

Sourcing Cost Analyst Your critical-thinking, analytical, and collaboration skills make you a great fit for our Sourcing Cost Analyst position. Join our dynamic team today and find a rewarding career with a company that values you and all you bring to the table.

About Your Role:

The primary duty of a Sourcing Cost Analyst is to generate and report product cost modeling. They will have a critical role in analyzing and estimating all attributes of product costs. This role will be responsible for building comprehensive "should cost" models to evaluate and benchmark the cost structure of SKUs, enabling informed decision-making, improving product build strategies, and driving cost reduction initiatives. This role will also track and report on commodity trends and provide product level impact insights to cross-functional teams. They will develop and grow expertise in commodity analysis, cost analysis, manufacturing processes, and market analysis to be able to generate accurate product cost models and actionable insights to support global sourcing, merchandise, and private brands with sourcing engagements, negotiations, and product development efforts. The Sourcing Cost Analyst will collaborate closely with cross-functional teams, including global sourcing, merchandise, private brands, and logistics to identify cost inefficiency opportunities, enhance cost transparency, and drive cost optimization across our product portfolio.

Your day-to-day job duties include, but are not limited to, the following:

• Product Cost Modeling: Develop detailed "should cost" models for SKUs by analyzing material inputs, manufacturing processes, labor, overheads, currency, logistics, and other cost factors. Utilize expertise and detailed research to estimate costs for each component and build comprehensive item cost models.
• Cost Model Benchmarking: Compare "should cost" estimates to received market data to identify cost-saving opportunities, inefficiencies, and areas for improvement. Refine models accordingly and provide actionable insights to drive cost reduction and product improvement efforts.
• Negotiation Support: Work with merchandise and global sourcing teams to evaluate proposals and assist in the development of negotiation strategy with suppliers based on cost transparency and "should cost" analysis. Suggest cost-reducing specification modifications that still achieve quality and product use-case goals.
• Commodity Trend Reporting: Monitor and analyze commodity data for trend fluctuations and supply chain risks and proactively produce trend analysis reporting.
• SKU Specification Evaluation: Facilitate collection and validation of SKU specifications to identify opportunities for cost optimization, tariff engineering, and value enhancement by suggesting design modifications, alternative materials, or process improvements based on "should cost" models.
• SKU Specification Support: Assist with the preparation of market bid SKU specification prior to go-to-market requests for proposals.
• Monitor innovations and refine models: Perform market research and data gathering from various industry, government, trade sources, trade shows, and market innovation reports to ensure and enhance the accuracy of "should cost" models.
• Awareness and Training: Educate and train sourcing and buying teams on "should cost" analysis methodology, tools, and techniques to foster cost-conscious decision-making across the organization. Maximize profitability through product cost savings initiatives factoring in impact from sourcing strategy shifts, manufacturing practices, duty landscape, macro-economic variables, payment terms, logistics models, business and consumer needs.
• Other strategic sourcing projects as assigned.

Your Required Skills and Experience:

Bachelor's degree in Engineering, Economics, Supply Chain, or a related field. Proven experience as a Product Cost Analyst, Financial Analyst, or similar role, with a focus on product cost modeling and understanding of manufacturing processes. Strong critical-thinking, analytical and quantitative skills with the ability to interpret complex cost data and build accurate cost models. Experience in product value engineering and strategic sourcing. Knowledge of manufacturing processes, materials, and cost drivers across various industries. Communication and presentation skills to convey reports and recommendations. Ability to work in a collaborative cross-functional work environment.

Minimum Requirements:

Education: Bachelor’s degree (BA / BS / BFA) or equivalent experience.

Experience: 4+ years of corporate retail experience in Cost Analysis, Commodity tracking, Finance, and/or Global Sourcing.

Software: High proficiency with Microsoft Office (Access, Excel, Word, and PowerPoint). Advanced to expert experience with Excel is preferred. Proficiency in utilizing should cost commodity and cost componentry systems.

Start Rate= $73,000 – $79,500 based on experience plus 10% bonus.

The company offers:

• Health, Dental, & Vision
• a flexible spending account
• life and disability insurance benefits
• a 401k plan
• PTO
• paid holidays annually
• an employee stock purchase plan
• yearly bonus

Your Perks and Benefits:

• Employee Assistance Program
• Retirement plans with matching contribution
• Employee Stock Purchase Program
• Educational Assistance
• Access to PerkSpot, an employee discount platform for goods and services
• And much more!

Who We Are:

At Dollar Tree, we make a difference in the lives of our customers every day by exceeding their expectations and delivering value – it’s what our business is built on. Our associates play an important role in this commitment by embracing change and showing up for their teams and their communities. We see an exciting path forward as our company continues to grow and transform – and we know that this path starts with you. Join our team today and discover The Value of You.

Dollar Tree is an Equal Opportunity Employer committed to complying with the Americans with Disabilities Act (ADA) and providing reasonable accommodations to qualified individuals with disabilities. This job specification should not be construed to imply that these requirements are the exclusive standards of the position. This is not to be considered a complete list of job duties, which appear in the job description for this position, and which may be amended from time to time at the discretion of Dollar Tree. Incumbents will follow any other instructions and perform any other related duties as may be required by their supervisor. Please note, this job description is not a contract of employment and may be modified to meet evolving business needs. Employment at Dollar Tree, meaning that either the employee or the company may terminate the employment relationship at any time, with or without cause or notice.

Full time 500 Volvo Parkway,Chesapeake,Virginia 23320 Global Sourcing Dollar Tree

Here, you’ll have the opportunity to connect with people every day — creating memorable experiences for our customers while also building a career that can take you anywhere. Join our team and see where your journey can take you. We're invested in your health and wellness. That’s why we invest in perks, programs, and resources that help you at every stage of your life and career.