Cost Optimization Specialist

4 weeks ago

Novi, Michigan, United States Hanon Systems Full time
Job Description

This candidate is responsible for managing, coordinating and providing in early phase best cost calculations (costed BOM) for different manufacturing technologies (purchase parts & tooling) considering functionality and quality requirements, project timing and in close collaboration with the program team.

Primary Responsibilities
  • Support identifying and implementing part and tool cost reduction to enable the organization to award business at the right cost / price
  • Drive and coordinate cost reduction potentials (e.g. with Value Analysis/Value Engineering, Design-to-cost techniques) in existing business from the idea respective pre-calculation until implementation in close collaboration with Purchasing, Engineering and Program Management
  • Support Purchasing departments with fact-based negotiations and detailed cost-break-down analysis to reduce quotation prices and implement cost reduction opportunities
  • Benchmarking, teardown and gap-analysis of competitor products
  • Support Advanced Engineering with manufacturability and cost estimation in innovation technology projects/next generation projects
  • Verify cost effecting design changes
  • Evaluation of 'Make or Buy' decisions
  • Ensure efficiency (e.g. KPI tracking, standardization) and improve internal transparency of knowledge share, calculations methods and supplier cost-audit results
  • Train internal customers in cost engineering methods and processes to create understanding and role as a business partner
  • Participation in sourcing events, technical reviews and potential supplier visits
Requirements
  • Minimum 3 years of work experience preferred in automotive or automotive supplier industry in related fields
Education and Experience
  • Master Degree in Industrial or Mechanical Engineering with a strong commercial or economics background
  • Cost Engineering Experience and/or Management experience required
Desired Competencies, Experience, & Qualifications
  • Significant experience working cross-functionally in an international corporate environment
  • Experience with Powertrain components
  • Excellent communication, driving for results and negotiation skills
  • Ability to work self-directed at a fast pace dealing with multiple tasks simultaneously
  • Proficiency with cost calculation & office software
  • Fluent German and English language skills
Special Requirements
  • Willingness to travel globally / domestically
What We Offer

At Hanon Systems, we provide a competitive benefits package focused on employee well-being and work-life balance:

  • Medical, dental, and vision program options
  • Retirement savings plan (401k)
  • Paid time off
  • Tuition assistance

Hanon Systems recognizes our employees' critical role in the company's success. We strive to attract and retain the best talent by supporting and promoting an inclusive working environment that embodies challenging assignments, safe and fair labor practices and is based on mutual trust and respect.

Hanon Systems is an equal opportunity employer committed to a culturally diverse workforce.

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