Brief Job Description: 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 Global Cost Manager and 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.
Responsibilities and Measurement Criteria with Time investment Needed on Each: • 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 cross-functional 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. • 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.
QualificationsRequired/ Minimum Qualifications: • in Engineering preferred or equivalent experience in product engineering and manufacturing.
Additional / Preferred Qualifications:
Physical & Environmental Requirements: • Demonstrable experience in Engineering / Supply Chain or Manufacturing Operations and working with cross-functional teams to identify and execute on priority actions. • Experience in analyzing and driving improvement in data reporting with Finance and IT system
Time Travel Needed: • Occasional travel domestic or international to Vertiv engineering and manufacturing locations.
The successful candidate will embrace Vertiv’s Core Principals & Behaviors to help execute our Strategic Priorities.
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
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