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Cost Engineering Manager
3 months ago
Company Description
At Fortune Brands Innovations, we believe that our innovation and success are fueled by the passion of our people and the strength of our teams. Together, we work to fulfill dreams of home by aligning around common goals, being agile in the face of change, holding ourselves accountable, and acting with integrity and transparency. We succeed when everyone belongs and strive to build a Home for All where all associates can be their true, authentic selves at work. Learn more about our culture
Job Description
The Cost Engineering Manager will lead a team of internal and external Cost Analysts to build and execute cost models related to our external supplier purchased parts. The desired candidate will demonstrate extensive experience in strategic sourcing cost analytics, best practice methodologies, team leadership, and collaboration with internal Sourcing, Engineering, and Business stakeholders in addition to external suppliers.
This position is eligible for a hybrid schedule. You can expect to work Tuesday – Thursday onsite at one of our hub offices: North Olmsted (OH), Oak Creek (WI), Maumee (OH) or Deerfield (IL) while Monday and Friday are remote.
RESPONSIBLIITIES:
Analyze new and existing supply market data sources in conjunction with best practices to improve current and long-term analytical processes for operational performance. Utilize cost methodologies and software tools to provide reliable cost projections to support negotiations with suppliers and strategies in collaboration with Sourcing Category team members. Create and support analytical processes, templates, and best practices that encompass elements of RFx, cost modeling, ideation, innovation, process excellence and Design for Manufacturing/Assembly (DFM/DFA). Assist in developing and executing processes for reporting results of new analytics including supplier cost modeling, linear price progression (LPP) modeling, ideation, innovation and Design to Value (DTV) collaboration supplier workshops, Request for Quotes (RFQ’s), Design for Manufacturing/Assembly (DFM/DFA) and operations costs to meet our required specifications and attributes. Lead benchmarking events based on high value analytics with incumbent and prospective suppliers in an effort to provide feedback on market pricing; ensure information that helps facilitate timely decisions is seamlessly relayed to internal stakeholders. Assist in the creation of analytical tools, templates and capabilities for insightful analytics. Participate in the definition of standards, procedures and accountability frameworks.
Qualifications
5+ years of experience in global costing analytics/data, preferably with aPriori or similar tools. Demonstrated leadership of global teams. Bachelor's degree in Supply Chain Management, Business Administration, Engineering, Analytics, or a related field is required. Demonstrated success in using analytics to drive results and increase value in the supply chain. Experience in introducing new processes to a team or business. Experience working in a highly matrixed organization as well as the ability to collaborate and execute ideas cross-functionally is critical. Hands on experience with supply chain cost modeling analysis (including tools), LPP’s, RFx, and supplier collaboration. Broad understanding of manufacturing processes. Knowledge of Lean/Six Sigma is preferred. Strong written and verbal communication, planning and problem-solving skills.
Additional Information
At Fortune Brands Innovations, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits (including half-day summer Fridays per policy), inclusive fertility / adoption benefits, and more. We offer numerous ERGs (Employee Resource Groups) to support inclusivity and our associates’ feeling of belonging at work.
