Develop accountability in ensuring accurate and analysed cost being used for various business requirements like Current launch, participating in Tender and pricing decisions. Also, to enable better operational decisions like product transfer one plant to another and outsource to inhouse. And work with various cross functional teams to ensure the adherence to Monthly closing & Audit timelines.
Key Accountabilities (1/6)
1.Business Partnering: Facilitate Business Unit (BU) Finance in enabling better pricing decision and Operations Finance in product transfer decisions.
- Partner with API and One Africa BU and support with analysed COGS for effective business decisions.
- Partner with cross functional teams in cost optimisation projects for high revenue contributor products and estimate futuristic cost for business to take better pricing decisions.
- Prepare cost benefit analysis to take product transfer decisions from one plant to another or outsource to inhouse and vice versa.
- Actively engage in COGS improvement project & provide support to continuous improvement team.
- Focus on top Molecules to identify areas of COGS improvement
Key Accountabilities (2/6)
2.Ensure realistic and accurate cost release in system.
- Review actual usage of alternative/substitutes codes and revise BOM accordingly on regular basis.
- Products having multiple batch sizes, ensure batch size with which maximum volume produced is being used for standard costing.
- Review frequently the actual yield and revised standard cost accordingly
- Wherever inhouse API or Bulk Finished Goods is manufactured in one plant and captively consumed for manufactured of Bulk Finished Goods in another plant actual consumption has to be referred for maintaining SPK for Standard Costing.
- Release Standard Cost on time before month end for stock valuation and Management P&L.;
- Review of similar activities assigned to the Tea
📌 Sr. Team Member (Mumbai)
🏢 Cipla
📍 Mumbai
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