Cost Reduction Manager
MKOPA is looking to bring on a Cost
Reduction Manager to join the operations team. This individual will be
responsible of ensuring that cost estimating processes are in place. They will
take the lead in working closely with others in the business to provide cost
estimates against production/project requirements.
Responsibilities
·
Contribute to the creation and
implementation of best practice, cost estimating vision, strategy, policies,
processes and procedures to aid and improve operational performance
·
Ensure the organization has a robust
cost estimating process in place to meet production/project requirements and in
line with quality standards
·
Support continuous improvement
through cost engineering techniques and processes, identifying inefficiencies
and cost optimization opportunities
·
Analyze and identify key areas of
improvement and apply cost estimation techniques to drive cost reductions and
aid operational processes and efficiency
·
Monitor and review data and
information to detect and assess problems and make recommendations to resolve
issues
·
Review, analyze and understand
economic trends and consider risks and cost implications
·
Ensure professional and consistent
cost engineering management processes are applied in the business
·
Ensure appropriate monitoring,
reporting systems and procedures are in place to meet objectives
·
Provide strategic and operational
information and reports to share with others as and when required
·
Work in conjunction with and engage
with internal and external stakeholders to facilitate and implement cost
engineering activities in the business
·
Gain buy in to targets by
stakeholders and engage with stakeholders to ensure all cost ideas are input in
order to prepare complex cost models
·
Stay up to date with changes and
support stakeholders with project changes ensuring all associated costs are
identified and tracked against the budget
·
Oversee supplier quotations tonsure
meets ‘should cost’ estimates
·
Support supplier meetings and
negotiations to challenge quotation prices and aim for cost reductions to meet
target costs
·
Work closely with the Purchasing team
to ensure purchasing strategies are maximized
·
Engaged in driving competitive
analysis and benchmarking
·
Develop and drive strategic roadmaps
Requirements
·
Relevant business/commercial, Supply
Chain Management or manufacturing/engineering degree is preferred
·
Significant experience of cost
estimating or finance in preferably a manufacturing/engineering environment
·
Strong IT systems knowledge and
skills including advanced Excel skills
·
Experience of using spreadsheets and
complex estimating, pricing models and cost management tools
·
Demonstrable track record of adding
significant value and optimizing costs
·
Experience of delivering results
through crossfunctional working
·
High degree of knowledge and
understanding of a variety of manufacturing processes and components and
ability to evaluate and analyze associated costs
Skills
·
Highly skilled communicator with the
ability to form and maintain good relationships internally and externally
·
Strong interpersonal, negotiation and
influencing skills
·
Ability to work in a matrixed
organization, leading teams that are not direct reporting line
·
Commercial and financial acumen
·
Highly developed analytical skills
·
Strong technical mindset and able to
read and interpret technical data and translate to others
·
Highly numerate with the ability to
research, assemble, manage and manipulate numerical information
·
Results orientated and organised with
the ability to plan and deliver against deadlines
·
Excellent attention to detail skills
·
Project Management skills
How to Apply