What are the Duties and Responsibilities of the Cost Controller ?

Question

Mohammed El Tahir Mohammed Yousif · Answer

Work in conjunction with all department heads to ensure maximum profitability
Provide critical assessment of all budgets and cost projections
Assess all incoming products, resources, and services to ensure the best price
Maintain vendor and service provider relationships
Remain acutely aware of market trends that could impact resource costs
Keep up to date on new vendors and possible cost-cutting partnerships
Analyze invoices to ensure correct products/services were received at expected cost
Collaborate with department heads to strategize ways to minimize waste
Demonstrate comprehensive understanding of interdependency of cost drivers
Understand the entire arc of the business and how productivity impacts profitability
Commit to maximizing efficiency at all levels without compromising quality
Develop and implement proactive solutions and cost-cutting measures
Present new strategies and assessments to stakeholders in a compelling fashion
Educate and persuade stakeholders to procure buy in and cooperation
Roll out clear cost-saving programs with timelines and assessment goals