Assistant Manager Vendor Costing & Pricing

Al Ghazi Tractors Ltd. (Al-Futtaim Group)

Lahore , Pakistan

Apply Now

Posted 15 hours ago 1 views Report Job

Al-Ghazi Tractors Limited, a subsidiary of the Al-Futtaim Group, is seeking an Assistant Manager for Vendor Costing & Pricing. The role focuses on supporting vendor cost management and pricing decisions to ensure cost efficiency and accuracy. This position involves monitoring vendor price changes, preparing detailed cost estimates, analyzing pricing data, and maintaining updated part rates within SAP. The Assistant Manager will play a key role in budget monitoring, cost analysis, vendor negotiations, and generating timely reports to support informed purchasing and financial decisions within the tractor and automotive parts manufacturing environment.

Key Responsibilities:
- Monitor vendor price increases against approved budgets, identify cost variances, and support corrective actions to maintain costs within defined limits.
- Analyze vendor cost structures, material rates, and historical pricing to assist in evaluating and negotiating competitive and commercially viable prices.
- Prepare detailed cost estimates and pricing analyses using relevant inputs such as material costs and labor value added (LVA) for tractor and auto parts.
- Maintain an up-to-date understanding of raw material prices and market trends impacting vendor pricing and assess their effects on cost structures.
- Support vendor meetings and price negotiations by preparing pricing comparisons, cost summaries, and analytical reports to aid decision-making.
- Ensure accurate and timely updates of new and revised part rates in SAP following approved pricing decisions.
- Generate model-wise Budget vs. Actual cost reports, price trend analyses, stock position reports, and other management reports to facilitate cost monitoring and strategic decisions.

Required Qualifications:
- Bachelor’s or Master’s degree in Commerce, Finance, Business Administration, or a related field from an HEC-recognized university.
- A minimum of 3 to 4 years of relevant experience in the automotive or manufacturing industry, including at least 1 year in costing, pricing, or cost analysis.
- Strong analytical skills with experience in cost modeling and financial analysis.
- Advanced proficiency in MS Excel and working knowledge of SAP or ERP systems.
- Good understanding of vendor costing, pricing mechanisms, material rates, and cost structures.
- Excellent communication, coordination, and negotiation skills to effectively collaborate with vendors and cross-functional teams.
- High attention to detail and accuracy in all aspects of work.

Preferred Qualifications and Benefits:
- Professional certifications such as ACCA, CMA, or ACMA are preferred and considered an advantage.

Al-Ghazi Tractors Limited operates under the umbrella of the Al-Futtaim Group, a highly diversified and progressive regional business with over 35,000 employees across more than 20 countries. The company is recognized for its commitment to quality, innovation, and corporate excellence, manufacturing New Holland tractors in technical collaboration with CNHI - Case New Holland, the world’s leading agricultural tractor manufacturer. The organization values respect, excellence, collaboration, and integrity, fostering a culture that enriches the lives and aspirations of its customers and employees alike.