Sourcing Cost Analyst

Dollar Tree•Chesapeake, VA

13d•$73,000 - $79,500

About The Position

The Sourcing Cost Analyst generates and reports product cost models, analyzes and estimates product cost attributes, and develops comprehensive “should cost” models for evaluating and benchmarking SKU cost structures. The role supports informed decision-making, improved product build strategies, and cost-reduction initiatives, while tracking commodity trends and communicating product-level impacts to cross-functional teams. The analyst develops expertise in commodity analysis, cost analysis, manufacturing processes, and market analysis to create accurate models and actionable insights for global sourcing, merchandise, and private brands. Working with global sourcing, merchandise, private brands, and logistics, the role identifies cost inefficiencies, improves cost transparency, and optimizes costs across the product portfolio. Responsibilities include modeling and benchmarking SKU costs; supporting supplier negotiations; analyzing commodity trends and supply-chain risks; evaluating SKU specifications for cost optimization, tariff engineering, and value enhancement; supporting market-bid specifications; researching industry and market innovations to refine models; training sourcing and buying teams on “should cost” methods; and contributing to strategic sourcing projects and profitability initiatives.

Requirements

Bachelor’s degree in Engineering, Economics, Supply Chain, or a related field, or a bachelor’s degree (BA/BS/BFA) or equivalent experience.
At least 4 years of corporate retail experience in cost analysis, commodity tracking, finance, and/or global sourcing.
Proven experience as a Product Cost Analyst, Financial Analyst, or in a similar role, focused on product cost modeling and understanding manufacturing processes.
Strong critical-thinking, analytical, and quantitative skills, including 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.
Strong communication and presentation skills to convey reports and recommendations.
Ability to work collaboratively across functions.
High proficiency with Microsoft Office, including Access, Excel, Word, and PowerPoint.
Proficiency using “should cost” commodity and cost componentry systems.

Nice To Haves

Advanced to expert experience with Excel is preferred.

Responsibilities

Develop detailed “should cost” models for SKUs using material inputs, manufacturing processes, labor, overhead, currency, logistics, and other cost factors.
Benchmark “should cost” estimates against market data, refine models, and identify cost-saving opportunities, inefficiencies, and product-improvement opportunities.
Support merchandise and global sourcing teams in evaluating supplier proposals and developing negotiation strategies based on cost transparency and “should cost” analysis.
Suggest cost-reducing specification changes that maintain quality and meet product-use goals.
Monitor commodity data, identify trends and supply-chain risks, and produce trend-analysis reports.
Collect and validate SKU specifications and identify opportunities for cost optimization, tariff engineering, and value enhancement through design changes, alternative materials, or process improvements.
Assist with preparing market-bid SKU specifications before go-to-market requests for proposals.
Research industry, government, and trade sources, trade shows, and market innovation reports to maintain and improve “should cost” model accuracy.
Educate and train sourcing and buying teams on “should cost” analysis methodology, tools, and techniques.
Support product cost savings and profitability initiatives that consider sourcing strategy, manufacturing practices, duties, macroeconomic factors, payment terms, logistics, and business and consumer needs.
Perform other strategic sourcing projects as assigned.