Strategic Cost Management Lead
4 weeks ago
Strategic Planning and Execution:
Develop and implement comprehensive cost-out strategies to achieve short-term and long-term objectives.
Align cost-out initiatives with overall business goals and financial targets.
Project Management:
Lead and supervise multiple cost-out projects across the organization, ensuring timely execution and delivery of cost savings initiatives.
Build and maintain a robust pipeline of active cost-out projects.
Financial Management:
Supervise and report on cost savings and pipeline progress, analyzing financial data to identify areas for cost reduction and efficiency improvements.
Work closely with finance teams to validate savings and track performance.
Cross-Functional Collaboration:
Collaborate with cross-functional teams to identify and implement cost-saving opportunities, facilitating meetings and workshops to drive cost-out initiatives.
Process Improvement:
Identify opportunities for process optimization and waste reduction, implementing Lean, Six Sigma, and other process improvement methodologies to drive efficiencies.
Reporting and Communication:
Provide regular updates to senior leadership on cost-out progress and financial impact, preparing and presenting detailed reports and presentations on cost-out strategies and outcomes.
Team Leadership:
Lead a high-performing team, coaching, mentoring, and building the competency vital for success.
Foster a culture of continuous improvement and cost consciousness within the organization.
Innovation and R&D:
Invest in research and development to explore new materials, technologies, and manufacturing processes that can lead to significant cost reductions.
Collaborate with R&D to integrate cost-out considerations into the product development lifecycle.
Qualifications:
Bachelor's degree in Engineering, Business, Finance, or a related field. MBA or relevant advanced degree preferred.
Minimum of 10 years of experience in cost management, product development, or a related field, with at least 5 years in a leadership role.
Proven track record of delivering significant cost savings in a manufacturing or product development environment.
Strong understanding of cost analysis, financial modeling, and project management.
Expertise with Lean, Six Sigma, and other process improvement methodologies.
Excellent analytical, problem-solving, and decision-making skills.
Strong leadership and team management abilities.
Effective communication and interpersonal skills.
Ability to work collaboratively across functions and influence key stakeholders.
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