Cost Analyst

Ensures accurate and up to date item and costing information is loaded into the forecasting and demand planning application. Manages and analyzes same vendor product cost discrepancies among divisions to verify that US Foodservice is consistently receiving the lowest cost from the vendor.  Analyzes all receiving transactions for cost and inventory valuation accuracy.

Job Description:

Upload vendor price lists into PRISM cost system on a timely basis

On a daily basis, confirm every purchase order accurately using the vendor confirmation while also verifying this cost using the loaded vendor price list

Analyze product cost across divisions for like items to verify US Foodservice is consistently receiving the lowest cost for the product. Work with vendors and category management to reconcile any discrepancies

Clear 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 scorecard

Review all daily cost exception reports and take appropriate action to insure all costing data is accurate and up to date, including:

·       Review Last Cost Reasonableness report and resolve any issues

·       Last Invoice Cost to Total Market Cost variances

·       Weekly review of the Last Invoice Cost Book report and resolve issues

·       Inventory revaluation report including auditing any inventory gains

Verify that all purchase orders are confirmed, and all buyer match pay screen discrepancies are cleared by 8:00 pm each Wednesday

Set-up new item cost attributes to reflect accurate inbound cost

Review PO timing to identify and mitigate impact of LPM / LPW costs

Review PO freight costs for appropriateness and address issues with the appropriate stakeholder (ie, incorrect freight on PO, freight rate issues)

***EOE Race/Color/Religion/Sex/National Origin/Protected Veteran/Disability Status***

Education/Training: Four-year college degree in business, finance, economics or similar preferred OR equivalent food service industry work experience required.

Related Experience: Minimum one year pricing / costing analysis experience 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.