💼 Costing Manager | V2 Retail
🏢 Company: V2 Retail
👔 Fashion & Apparel | Costing
📝 Job Description
V2 Retail is looking for an experienced Costing Manager to manage product costing, vendor coordination, commercial negotiations, and cost optimisation for its fashion and apparel business.
The role will work closely with Buying, Merchandising, Sourcing, Finance, and Vendor teams to ensure accurate product costing, competitive pricing, and effective cost management.
🎯 Key Responsibilities
- Manage end-to-end costing activities for fashion and apparel products.
- Prepare and analyse product costing based on fabric, trims, accessories, labour, processing, packaging, logistics, and other relevant cost components.
- Coordinate with vendors and manufacturers for quotations, costing, and commercial discussions.
- Negotiate product costs and commercial terms with vendors.
- Review and compare vendor quotations to ensure competitive pricing.
- Work with Buyers and Merchandisers on target costing and product price finalisation.
- Conduct vendor price benchmarking and cost comparisons.
- Identify opportunities for cost reduction and optimisation without compromising product quality.
- Monitor changes in raw material, labour, processing, and other cost components.
- Maintain accurate costing sheets, vendor quotations, negotiated prices, and approved costs.
- Coordinate with Finance and internal stakeholders for costing validation and approvals.
- Prepare costing reports and MIS for management review.
- Support vendor evaluation and selection from a commercial and costing perspective.
- Ensure timely completion of costing activities as per business requirements.
🎓 Eligibility
- Graduate/Postgraduate in Fashion, Textile, Apparel, Merchandising, Supply Chain, Business Management, or a related field.
- Relevant experience in fashion retail, apparel manufacturing, sourcing companies, or buying houses will be preferred.
- Experience in fashion/apparel retail, buying and merchandising, sourcing, vendor management, or garment manufacturing costing is preferred.
🛠️ Required Skills & Competencies
- Strong knowledge of apparel and fashion product costing.
- Understanding of fabrics, trims, accessories, manufacturing, processing, and labour costs.
- Vendor negotiation and commercial skills.
- Understanding of retail margins and cost structures.
- Strong analytical and numerical skills.
- Proficiency in MS Excel and costing-related tools.
- Communication and stakeholder management skills.
- Strong attention to detail and accuracy.
- Ability to work effectively under tight timelines.
🎁 Key Career Exposure
- Opportunity to work in fashion and apparel product costing.
- Exposure to buying, merchandising, sourcing, finance, and vendor functions.
- Involvement in commercial negotiations and cost optimisation.
- Opportunity to contribute to competitive pricing and margin management.
🚀 Why Join?
This opportunity is suited for professionals with experience in fashion and apparel costing who want to work across product costing, vendor negotiations, commercial management, and cost optimisation within a retail business.
💡 Core Skills
Product Costing
Apparel Costing
Vendor Management
Commercial Negotiation
Cost Optimisation
Buying & Merchandising
Sourcing
MS Excel
Retail Margins
Cost Analysis
🎯 Interview Preparation
- Be prepared to explain your experience with fashion and apparel product costing.
- Understand costing components including fabric, trims, accessories, labour, processing, packaging, and logistics.
- Prepare examples of vendor negotiations and commercial discussions.
- Be ready to explain how you identify cost-reduction and optimisation opportunities.
- Understand target costing, vendor price benchmarking, and retail cost structures.
- Prepare examples demonstrating your Excel, analytical, and stakeholder-management skills.
🚀 How to Apply
Interested and eligible candidates can apply for the Costing Manager position through the official V2 Retail careers page.