Cost Management Manager

Job Information

Position Summary
•    Program Manage Cost Modeling & VIP Program with Procurement, Operations, and Product Development
•    Work with Suppliers for Collaborative Cost Model Development and Implementation
•    Identify BIC (best in class) suppliers and their cost models.
•    Develop Internal Manufacturing Cost Models and Benchmark vs Suppliers
•    Use Cost Models to proactively Manage Cost Innovation (Current Production Savings / Future Product Target Setting / Engineering Changes / Price Increase Requests)
•    Identify Savings and Waste Reduction Opportunities, work with appropriate organizations to implement savings
•    Assist in the identification and leveraging of Strategic Suppliers

Role & Responsibility

Cost Management
Manage the cost engineering team and support the following:
•    Cost model development including enterprise cost models and open book collaborative cost models
•    Perform comprehensive testing of the cost models prior to launch
•    Perform costing analysis for all costing issues including current price evaluation, future product target setting, price increase management  
•    Identify waste reduction opportunities
•    Support the organizations including Purchasing, Operations, Finance and Product Development

Governance & Program Excellence     
Work with purchasing to develop, launch, and manage a cost modeling program globally for the various required commodity types.  

The components of the plan include the following:
•    Train & Launch Program within Purchasing and Supply Base
•    Work to Tie Business Results to the Program
•    Generate Supplier Engagement List
•    Establish Spend to be Analyzed
•    Establish Process, documents, and reporting structures to drive fast implementation into purchasing practices
 
VIP Program Performance    
•    Monitor and Report Performance to Management
•    Monitor performance in assigned area/suppliers and gap analysis to target performance
•    Implement and manage a Compliance Steering Committee for alignment and approval
 
VIP Supplier - Relationship Management    
•    Support the Global Categories in implementing a robust VIP Supplier Management routine (development, deployment, sustaining and improvement)
 
Organization Capability Development on Cost Modeling     
•    Develop, deliver, and consolidate training plans and curriculum related to cost modeling for Global Category Teams
•    Develop Long Range plan for program integration into core internal activities (Make, Buy & NPD)
•    Support supplier partnership program

Job Requirement

•    Education: Bachelor's Degree in Business Administration, Finance, Engineering, or related fields
•    MBA preferred 
•    CPSM preferred
•    Experience with Lean Six Sigma and continuous improvement
•    Green Belt or Black Belt preferred
•    Broad base Procurement knowledge of business functions (Sourcing, Supply Chain, Quality, Operations, Finance, Product Life cycle management)
•    Experience preferred in supply chain management, production, engineering, or supplier development
•    Multidisciplinary experience across Procurement Functions with Global corporation 
•    Proven track record of strategic thinking, implementing processes and managing multiple projects with cross-functional work experience.
•    Ability to effectively lead teams.
•    Strong strategy/planning skills.
•    Excellent communication skills.
•    Ability to successfully drive change initiatives.
•    Successful process-driven mindset.
•    Ability to execute/deliver results.
•    Experience Required: 7+ years
•    Travel Required: 10-25%