Duties and Responsibilities:

• Conduct should-cost studies to establish appropriate target development costs, unit pricing, tooling costs, and product-specific investments. Assess an appropriate figure to guide negotiations or to compare with figures provided by suppliers.
• Initiate cost engineering workshops at suppliers together with Purchasing, present suppliers with calculated cost models as a basis for further cost reduction potential.
• Maintain best practice and material database to share across all programs.
• Drive and support material/component pooling opportunities.
• Develop an approach to identify root cost drivers, developing initiatives, establishing cost targets, developing component cost plan of action and milestones, and tracking cost savings.
• Develop cost engineering models for prototype cost builds and supplier evaluations.
• Evaluate components costs and help justify it; support or disprove why component price levels are as reported or negotiated and what reasonable measures might reduce it.
• Develop new and creative ideas for reducing costs on existing and future products, while understanding the global market place and its constraints and opportunities.
• Understand and challenge the basis for indirect costs in supplier-contractor proposals and product development projects.
• Track recent program cost, schedule, and performance trends and identify ways to improve and monitoring price trends on assigned components.
• Benchmark similar components-development programs against other components-programs performed by the same supplier or in the same area.
• Identify alternative technology and material that can potentially reduce development of life-cycle cost of a program.
• Routinely analyze cost elements and look at reasonable measures to reduce them with prudent considerations of risks.
• Eliminate unnecessary pass-through costs by considering other process options.
• Assist in the integration of modeling and simulation into the test construct to reduce overall cost.

Qualification Requirements:

• Over 5 years’ work experience in Engineering, Purchasing, Supply Chain, or a technical position in a high volume manufacturing environment.
• Bachelor’s degree in Business or a technically related field program.
• Exceptional interpersonal, leadership, and communication skills with a proven record of building relationships, influencing others, and collaborating cross-functionally.
• Exceptional problem solving and analytical skills with the ability to quantify and evaluate manufacturing processes and technologies to ensure ‘best cost’ solutions.
• Adaptable and flexible with the ability to work well under pressure and in challenging situations.
• Excellent project management skills.

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