Cost Manager

4 weeks ago

Pune, India Vertiv Full time

he Product 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 Vice President of 1P UPS, this role leads the overall process of Product Cost reporting, review, and prioritized cost improvement action execution for the assigned group of products.   

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Business Unit Job Summary:  A brief synopsis of the role for this set of work.  This summary can include details about products, regions, scope and other details unique to a GBU, department or position. 

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​By managing a robust product costing program, this role will ensure that Vertiv is able to manufacture best cost-competitive products. This role will focus on:  

​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.  

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Responsibilities:  Please list at least 5 duties/accountabilities .   

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​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.  

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Education & Certifications:  Please note minimum and preferred requirements for education.  This includes degree, specializations and certifications.     

​​​ in Engineering preferred or equivalent experience in product engineering and manufacturing.  

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Requirements:  Please list all experience required to perform this job.  You may note some requirements as preferred.    

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​Demonstrable experience in Engineering / Supply Chain or Manufacturing Operations and working with cross-functional teams to identify and execute on priority actions.  

​Demonstrated experience with driving cost reductions on electrical products.  

​Demonstrated experience with value stream mapping.  

​Experience in analyzing and driving improvement in data reporting with Finance and IT systems.  

​Ability to deliver effective presentations of findings and recommendations by creating visual summaries of quantitative cost information. Build and continually improve dashboards to provide insight.  

​Must have demonstrable skills with Microsoft office applications, particularly Excel. Smartsheet and Power BI experience beneficial.  

​Experience in a global, multi-cultural environment, & comfortable working autonomously.  

​Occasional travel domestic or international to Vertiv engineering and manufacturing locations.  

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