Product Optimization Specialist
Job description:
- Analysing existing products for cost reduction without compromising quality or customer satisfaction.
- Collaborating with cross-functional teams to identify cost-saving opportunities in the supply chain.
- Evaluating the product's bill of materials (BOM) and negotiating better pricing and contracts with suppliers.
- Researching and recommending cost-effective alternatives for materials, ingredients, or packaging.
- Implementing strategies to streamline manufacturing processes, reduce waste, and improve efficiency.
- Collaborating with R&D and engineering teams for product redesign or reengineering for cost savings.
- Monitoring market trends and technological advancements for innovative cost-saving solutions.
- Conducting cost-benefit analyses and providing recommendations for informed decision-making.
- Tracking KPIs related to product optimization, cost savings, efficiency, and quality.
- Staying updated on industry regulations and best practices for continuous improvement.
Job Requirements:
- Degree holder in Business related subjects or equivalent with 3-4 years of relevant experience
- Experienced in tight deadline working environment.
- Ability to produce accurate and informative data and self-organize with large volume of data.
- Ability to prioritize on time management regardless of work location and time zone
- Proficiency with Microsoft Office skills
- Excellence professional communication skills with both English and Chinese fluency
- Adaptive to change and challenges with a positive can-do attitude
- A team player with excellent communication and interpersonal skills
- Be able to work proactively, independently, and efficiently