Job Description

Primary Purpose

This role performs pricing maintenance and margin analysis across multiple suppliers and customers

Major Responsibilities

• Assists in managing manufacturer price changes and developing impact analysis of changes on sell price, margin and inventory.
• Makes data driven decisions in order to creatively solve problems.
• Provides analysis of pricing deviations and identifies margin improvement opportunities; collaborate with Sales team on creating and maintaining deviated pricing.
• Performs troubleshooting around purchase orders and manufacturer invoices.
• Reviews daily low margin report to identify potential pricing issues; proactively follows up with Sales, Customer Care, Operations and Finance to provide resolution.
• Maintains pricing information in the company ERP system; ensures that manufacturer pricing information is consistent and accurate.
• Develops guidelines and processes to enable optimum and efficient pricing decisions (bids, quotes, contracts, deals, etc.). Serve as mentor to sales and marketing organization at all levels for effective pricing.
• Creates models and revenue maps to frame optimal short and long-term opportunities and potential risks.
• Develops tools, capabilities, and scorecards to track and analyze key metrics and value captured from pricing activities.
• Collects, analyzes, and reports competitive market and product positioning / competitive intelligence to support customer segmentation and pricing.
• Tracks customer trends relative to product and program innovations / return on investment.
• Creates, validates and maintains pricing deviations and coordinate communication with sales teams.
• Generates daily and ad hoc pricing reports.
• Understands and demonstrates the company’s Core Values.
• Performs other duties as assigned

Skills/Knowledge Required

• Expert skills with Microsoft Excel; Intermediate skills with the other MS Office applications; Understanding of database access tools such as SQL.

• Ability to access, understand and report out data via the company ERP system, SQL, and Excel.

• Ability to communicate effectively with internal and external customers, associates, and management.

Education and Experience

• Bachelor’s degree is desirable, advanced degree is preferred

Company Description

MEDCO is one of the most progressive and respected PBE Supply, and Mechanical Tools & Equipment distributors in the U.S. today, serving both traditional Wholesalers and Mobile Tool Dealers. Headquartered in Philadelphia since 1970, MEDCO operates fully-stocked warehouses in selected cities across the U.S., and continues to grow, representing over 400 manufacturer lines and over 100,000 SKU’s.