Specialist, Product Costing
Hasbro
- Location
- Hong Kong
- Work model
- On-Site
- Level
- Mid
- Posted
- 1h ago
Skills
About this role
We take play seriously. We’re looking for curious adventurers ready to find their party, fueled by imagination and drive to build what’s never been built before. At Hasbro and Wizards of the Coast, you’ll collaborate with passionate teams to reimagine our iconic brands and create experiences that spark joy, connection, and community through the magic of play. This is your chance to shape legendary play that lasts a lifetime.
The Hasbro Global Supply Chain Team manages a spend of USD1.3 billion of which $0.8 billion is ex-factory cost across a portfolio of brands (Action Brands, Games, Play Doh, Fashion, Preschool and Sports Action) and Material Categories (Packaging, Resin, Tooling, and other key materials) across a supply network of ~40 FG suppliers and >100 material suppliers. The Global Supply Chain Team is accountable to plan, source, make and deliver Toys & Games to Hasbro quality standards, on Time & in Full and at competitive costs through a global supply network of contract manufacturers, material suppliers, test-labs, model-shops, and toolmakers.
Critical for the business and financial success Hasbro Toys & Games is to negotiate the lowest landed product costs and most competitive factory rates to deliver the year-on-year Productivity.
The jobholder will manage the product cost activities for the assigned product categories.
The job holder reports to the Product Cost Manager for the assignment product categories.
Key Responsibilities
• Member of the Global Category Sourcing team:
• Accountable for the regional implementation & execution of the Global Sourcing Strategy & Supply Network redesign.
• This requires communicating globally & acting locally within the global supply network.
• ‘Should Be’ Costs estimates based on Product Cost Modelling:
• Provide Brand team, PD, Industrial Engineers and Sourcing with accurate and timely ‘Should Be’ Costs for New Product Development, Refresh and & Carry Forward items for assigned categories.
• The objective is to identify product cost opportunities to meet project target costs, benchmark competition costs, challenge supplier cost estimates and define new productivity initiatives.
• Apply and refine cost models for assigned categories based on latest cost data, factory rates and competitive benchmarks.
• Costing process during Product Development
• Collaborate with cross functional project team (Product Development, Quality, Finance, Planning) to ensure product cost transparency and updates at required project milestones.
• Lead the costing process during Product Development with the objective to meet the Product Costs target.
• Lead the communication and timeliness of supplier quote submissions, supplier negotiation and upload in Hasbro costing systems.