Item and Cost Specialist Apply
Basic Purpose Ensures accurate and up to date item and costing information is loaded into the forecasting and demand planning application. Manages and analyzes the same vendor product cost discrepancies among divisions to verify that Client is consistently receiving the lowest cost from the vendor. Analyzes all receiving transactions for cost and inventory valuation accuracy.Description:Upload vendor price lists into PRISM cost system on a timely basisOn a daily basis, confirm every purchase order accurately using the vendor confirmation while also verifying this cost using the loaded vendor price listAnalyze product cost across divisions for like items to verify Client is consistently receiving the lowest cost for the product. Work with vendors and category management to reconcile any discrepanciesClear any costing discrepancies between the received PO's and the vendor invoice, through the Buyer Match Pay process. Work with vendors to reconcile any discrepancies. Achieve the PO Cost Accuracy % on the Buyer KPI scorecardReview all daily cost exception reports and take appropriate action to ensure all costing data is accurate and up to date, including:Review Last Cost Reasonableness report and resolve any issuesLast Invoice Cost to Total Market Cost variances Weekly review of the Last Invoice Cost Book report and resolve issuesInventory revaluation report including auditing any inventory gainsVerify that all purchase orders are confirmed, and all buyer match pay screen discrepancies are cleared by 8:00 pm each WednesdaySet-up new item cost attributes to reflect the accurate inbound costReview PO timing to identify and mitigate the impact of LPM / LPW costsReview PO freight costs for appropriateness and address issues with the appropriate stakeholder (ie, incorrect freight on PO, freight rate issues)Qualifications?Education/Training:? High School Diploma required, degree preferred.Related Experience:? Minimum one-year pricing / costing analysis experience preferred. Purchase orders /Invoice processing preferred.Knowledge/Skills/Abilities:? Must possess ability to analyze information to determine the most appropriate course of action;? must be detail oriented; must be able to understand the financial impact of cost / price decisions; proficiency is required in the use of Microsoft Office especially Microsoft Word and Excel, as well as Microsoft Outlook.? PRISM and E3/AWR experience is preferred.
