Vacancy NameCost Price Optimisation Analyst Vacancy NoVN1292 Job TypePermanent LocationHatfield Job Details
Cost Price Optimisation Analyst
Contract type:Permanent (length in months)
Location:Hatfield (Hybrid working - 3 days in the office)
Working hours per week:40 hours
Level:Analyst
Application Closing Date: Thursday 16th April 2026
About us
Our mission is to deliver joy in every shop, through unbeatable choice, unrivalled service, and reassuringly good value.
We’re Ocado Retail, a market-leading joint venture between Ocado Group and M&S, and the world’s largest dedicated online supermarket,. Not only is Ocado.com the only place to shop a full range of M&S food online, it’s also the home to the widest online supermarket range in the UK and champion of small, independent brands. We’re also the brains behind, our same-day grocery delivery service.
About the team and the role
Working within the Commercial Development team and reporting into the Head of Pricing and Promotions, this role is at the forefront of how Ocado Retail optimises the way we pay for our goods for resale. Success within this team will be achieved through working closely with buying and support functions to identify and deliver commercial benefit through cost of goods best practices.
As a Cost Price Optimisation Analyst, you will play a pivotal role in helping to ensure Ocado Retail remains commercially successful. Your goal will be to ensure we are paying the optimum price for our goods via working closely with the buying team.
This will involve managing inflation by analysing cost price increases, supported by effective usage and management of AI agents, identifying deflationary opportunities in the market via commodity, currency & cost stack analysis along with overhead dilution, and a variety of value chain initiatives, such as case size optimisation, to drive efficiencies.
Working with senior commercial stakeholders from the start, you will be naturally inquisitive, commercially aware and able to communicate effectively to a range of audiences.
A combination of data proficiency, project management and commercial instinct will set you apart for this role. This opportunity will help you develop technically and commercially, putting you at the centre of Ocado Retail and its future success.
What you’ll do
1. Using various data sources to provide data-led recommendations to buyers to support their negotiations with suppliers
2. Evolve the way we manage our cost base through the effective use of AI
3. Track commodity prices & identify opportunities to negotiate with suppliers proactively
4. Identify and implement new and improved ways to buy products using a variety of sourcing methods
5. Identify key trends and market dynamics that shape the different categories
6. Support in the review of buying practices, highlighting opportunities and implementing any subsequent changes
7. Adhere to all internal policies and GSCOP regulations
8. Develop cost stacks and cost models to enable optimisation of commercial negotiations
Who you are
9. Numerate or Technical Degree
10. Experience in a retail/e-commerce buying function or in a FMCG commercial environment
11. Utilising AI to support with detailed analysis
12. Highly numerate and analytical
13. Exceptional commercial awareness and problem-solving ability
14. Strong communication, teamwork and influencing skills
What’s in it for you
By joining Ocado Retail, you’ll have the chance to experience life at the world’s largest online retailer, work with an amazing bunch of people who challenge what’s possible each day, and grow your skills and career in online retail.
If that’s not enough to tempt you, you’ll also get access to loads of great benefits to sweeten the deal. Here’s a taste of what we offer:
Health & Wellbeing: Private medical insurance with option to add your family, Digital GP appointments, market-leading family policies, mental health support, discounted gym memberships, dental insurance, and more.
Spend & Save: Annual bonus scheme split between personal and business objectives, recognition with reward platform, up to 7% matched pension contributions, 15% Ocado discount, 20% M&S discount, free breakfast every day in the office, electric vehicle leasing scheme, and free shuttle bus from Hatfield station to the office.
Never miss the moments that matter: Hybrid working, 26 days holiday plus 8 flexible bank holidays, options to buy extra holiday, 2 weeks work from anywhere, and lifestyle break opportunities.
Our Hiring Process
Lucky for us, we receive a high volume of applications and genuinely appreciate the time and effort invested by every candidate. To ensure a fair and thorough process, every application is reviewed by a member of our team. If your skills and experience are a strong match, a Talent Partner will contact you to discuss the role and guide you through the next steps of our hiring process.
Your Application and AI
In the spirit of innovation, we welcome you to use AI tools in your application, just as we use them in our own business at Ocado Retail. However, as you leverage this technology, please don't lose sight of the most important element: your unique self. Your experiences, passions, and personality are what truly set you apart. Ensure that your application still authentically conveys who you are and why you're a great fit for us.
Everyone’s welcome