Cipla, as an organisation has been built brick-by-brick on the foundation of care. Caring For Life has always been and continues to remain, our guiding purpose. Driven by the same purpose, we have extended our presence to 80+ countries providing over 1,500 products across various therapeutic categories in 50+ dosage forms. To make healthcare more affordable globally, we are deepening our presence in the key markets of India, South Africa, the U.S. among other economies of the emerging world.
For over eight decades, making a difference to patients has inspired every aspect of Cipla’s work. Our paradigm-changing offer of a triple anti-retroviral therapy in HIV/AIDS at less than a dollar a day in Africa in 2001 is widely acknowledged as having contributed to bringing inclusiveness, accessibility and affordability to the centre of the HIV movement. A responsible corporate citizen, Cipla’s humanitarian approach to healthcare in pursuit of its purpose of Caring for Life and deep-rooted community links wherever it is present, make it a partner of choice for global health bodies and stakeholders.
Develop accountability in ensuring accurate and analysed cost being used for various business requirements like New 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.
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
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 Team Member.
3.Review of Plant Expenses at Cost centre and Cost Element with broads like People Cost, Depreciation, utility, and Others for Overhead Absorption.
- Review of expenses booking at Cost Centre and Cost Element level to ensure right cost centre being used, make necessary corrections in discussion with Factory Finance.
- Review of SKF and other details called from Plant for allocation or reallocation of common services and utilities.
- Review dosage level capacity and production for capacity utilisation and idle cost.
- Calculate the Overhead Activity rate based on Expenses net of idle cost and recipe hours for Standard Costing.
- Review of above activities assigned to the Team Member for his/her respective Manufacturing sites.
4.Continue to develop system & process controls to achieve high level cost accuracy.
- Revalidate the recipe from plant on a regular and continuous basis for all SKU’s in phased manner.
- Analysis of Monthly Standard vs Actual cost variance to minimise difference between Standard & Actual Cost.
- Review master data frequently to ensure correct costing & cross check MAP with latest procurement price of input materials.
- Interact with plant to develop awareness about costing process and purpose of collecting details like SKF numbers, recipe etc to ensure that processes are being understood and followed diligently
5.Audit, Controls and Compliance: Cost Audit, Internal Audit of Cost Records and Statutory Audit.
- Preparation of Cost records, annexures to cost audit report and interaction with the auditor for timely completion of audit.
- Interact and resolve queries of Internal Auditors and Statutory Auditors.
- Undertake self-review of Internal Financial Controls (IFC) to ensure adequacy and effective controls on regular interval.
- Review of the tasks wrt to Manufacturing units assigned to the Team Member.
6.Financial Book closing: Ensure timely book closing relating to Material cost and Inventory. And yearly Budgeting activity relating to COGs
- Undertake monthly inventory valuation & provisioning & its analysis with previous period.
- Undertake budgeting activity on a yearly basis to implement effective costing into the system and comparison of actuals with budget and variances, if any should be incorporated.
- Monthly Review of the activities of team member.
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