Cost Manager, Program Lead

Responsible for establishing \u0026 Driving Commercial Strategic commodity vision, evaluating supplier cost \u0026 managing relationship to drive projects to achieve goals of global cost efficiency. Determine cost targets during design \u0026 development phase, recommending cost effective solutions. Investigate and identify cost reduction opportunities. Ensure smooth and cost effective transition. Establish costing of products, production \u0026 assembly processes, tooling costs and review alternatives. Put forward recommendations for improvement. Use Zero based costing /cost breakdowns. Negotiate cost increase from suppliers related to RM , Process, Labor \u0026 other input cost to mitigate impact Utilize cost methodologies, appropriate tools \u0026 software models \u0026 packages to prepare and maintain reliable and accurate data. Contribute to cost monitoring and reporting systems and procedures and monitor trends Assess cost effectiveness of products \u0026 track actual costs relative to targets \u0026 report status on a regular basis to ensure costs are in line with forecasts. Research and analyze various commodities for function to price and price to cost evaluation. Continuously scan markets \u0026 global landscape to explore and evaluate strategic \u0026 cost-effective suppliers. Evaluate new suppliers considering their organization capabilities, Technology expertise, Production capabilities, Financial performance, customer orientation \u0026 Supply chain robustness. Works cross-functionally with Engineering, Sourcing, manufacturing, Procurement, finance, \u0026 product support Coordinate with finance/accounting for inventory, cost savings \u0026 cash flow management. Define \u0026 monitor metrics in line with AOP objectives relative to supplier cost performance, monitor against the expectations to ensure continuous improvement; then drives team to address and close gaps to meet objectives. Provide inputs to Commodity Sourcing strategy to deliver best cost targets. Supplier Performance Management through Score cards and other related parameters. Encourage and coordinate early supplier involvement on new product designs using the suppliers\u0027 expertise to optimize cost and manufacturability. Strong Negotiation skills. Manage commodity spend by Negotiation/Mitigation of Price increases. Plan \u0026 Execute cost reduction strategies through Negotiations, Material cost reductions, Alternate sourcing, technology changes. Bachelor degree or equivalent is required with 2- 4 years of supervisory experience. Commodity Mgmt, Commercial Negotiations, Costing and familiarity with Semiconductor, Automotive, Electrical Equipment Manufacturing or high-technology supply management practices, standards and organizations. Business \u0026 technical understanding of Manufacturing \u0026 Assembly processes related to Mechanical, Electrical Components such as Fittings, Tubing, Valves, Regulators, MFC\u0027s, Weldments, Machining, OEM\u0027s Proprietary etc