Must Haves:
• B.S. in Finance, Manufacturing, Engineering or equivalent experience in product engineering and manufacturing
• At least 3 years' experience in Engineering / Supply Chain or Manufacturing Operations
- Strong Experience with KPIs and driving them across the organization
- Strong Experience with Microsoft Application – Smartsheet, Excel, or Power BI
- Strong Data Visualization Experience
Day to Day:
A client of Insight Global is seeking a Product Cost Manager whose primary focus will be 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, Global Program Management, 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 the client is able to manufacture best cost competitive products. This person needs to be data driven, comfortable in a high-pressure role, and be able to defend their data. This role will focus on:
Daily Tasks and Responsibilities:
- Act as expert consultant on how we create Product Cost Estimates (ETO and NPDI)
- Master how our various systems calculate the Product costs (ALICE, IQMS, DONNA, etc.) to have regional apples to apples understanding.
- Drive and monitor performance against annual Cost Savings Targets
- Consult with our design teams on areas we can reduce costs in new product designs
- Key participant in Design for Cost Reviews
- Driving reduction in product cost, closely collaborating with Offering Management, Engineering, Procurement, Operations, and Finance to position our products below that of our competition.
- 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.
- 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 to the identification, reporting, and execution of VAVE (Value Analysis/Value Engineering) cost reduction projects and their financial impact.
- 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.
- Reviewing and advising on target product cost as part of NPDI and throughout the lifecycle of the product.
