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Cost Optimization Project Manager
2 months ago
Are you an experienced professional eager to spearhead cost-reduction strategies in a dynamic engineering setting? Join our organization as a VAVE Project Manager and elevate your career.
Key Responsibilities:- Direct Value Analysis/Value Engineering (VAVE) projects aimed at uncovering cost-reduction opportunities while ensuring product quality is preserved or enhanced.
- Work collaboratively with diverse teams to prioritize and implement VAVE projects.
- Apply project management best practices to create detailed project plans and monitor progress towards financial targets.
- Analyze product designs, manufacturing methods, and supply chain processes for cost efficiency.
- Employ lean principles and process enhancements for ongoing improvement.
- Engage with suppliers to assess alternative materials, components, and production techniques.
- Facilitate value engineering workshops and ideation sessions.
- Partner with finance and procurement departments to quantify savings and assess project return on investment.
- Report project status and potential opportunities to upper management.
- Utilize FBS tools and methodologies to expedite product delivery.
- Demonstrate and promote the core behaviors of the organization.
- Bachelor's Degree in a technical or technology-related discipline.
- 5+ years of experience in project management roles.
- At least 3 years of experience in process enhancement and project oversight.
- Experience in a regulated industry, ideally within the medical device sector.
- Strong financial insight and cost analysis capabilities.
- Proven success in leading engineering or technical initiatives.
- Exceptional problem-solving and communication abilities.
- Familiarity with lean methodologies and supplier management strategies.
- Results-oriented mindset with a high degree of accountability.
- Proficient in project management tools and software.