Cost Manager
hace 1 semana
Job Summary
The
_Cost Manager _primary focus is to DRIVE the organization to hit product cost targets thru collaboration with Engineering, Procurement and Operations to position our product costs below that of competition.
Reporting to the Director, IMS Engineering and Offering, this role leads the overall process of product Cost reporting, review, and prioritized cost improvement action execution for the assigned group of products.
By managing a robust product costing program, this role will ensure that Vertiv is able to manufacture best cost-competitive products.
This role will focus on:
- Ensuring offering managers and other business stakeholders have a clear understanding of product costs and the elements of those costs including material and manufacturing costs.
- Ensuring product cost targets are set before the design phase for New Product Development projects.
- Driving reduction in product cost, closely collaborating with Offering Management, Engineering, Procurement, Operations, and Finance to position our products below that of our competition.
Responsibilities:
- Establish current/actual product cost reporting capability and cadence of review. (Continual cost & margin monitoring)
- Perform cost variance reporting. Understand product cost structure, identify, and analyze quarterly variances.
- Establish product cost comparison among different manufacturing plants internally and externally, including outside purchase/manufacturing options.
- Work with product crossfunctional team (notably Offering Management, Engineering, Procurement, Operations and Finance) to identify and drive product cost improvement metrics and actions.
- Coordinating the identification, reporting, and execution of VAVE (Value Analysis/Value Engineering) cost reduction projects and their financial impact.
- Reviewing and advising on target product cost as part of NPDI and throughout the lifecycle of the product.
Requirements:
- B.S. in Engineering preferred or equivalent experience in product engineering and manufacturing.
- At least 3+ years' related experience
- Demonstrable experience in Engineering / Supply Chain or Manufacturing Operations and working with crossfunctional teams to identify and execute on priority actions.
- Experience in analyzing and driving improvement in data reporting with Finance and IT systems.
- Ability to deliver effective presentations of findings and recommendations by creating visual summaries of quantitative cost information. Build and continually improve dashboards to provide insight.
- Experience in a global, multicultural environment, & comfortable working autonomously.
- Occasional travel domestic or international to Vertiv engineering and manufacturing locations.
OUR CORE PRINCIPALS:
_Safety. Integrity. Respect. Teamwork. Diversity & Inclusion. _
OUR STRATEGIC PRIORITIES
- Customer Focus _
- Operational Excellence _
- High-Performance Culture _
- Innovation _
- Financial Strength _
OUR BEHAVIORS
- Own It _
- Act With Urgency _
- Foster a Customer-First Mindset _
- Think Big and Execute _
- Lead by Example _
- Drive Continuous Improvement _
- Learn and Seek Out Development
About Vertiv
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