Sr. Cost and Value Engineer

What is the job about?

The Cost & Value Engineer proactively develop cost models and support our possibilities to ad-dress and improve all cost related to sourcing and managing the supplier relationship. The Cost & Value Engineer is responsible for identification of sustainable cost reductions potentials (demand management potentials, should costing projects, value add activities, Kaizen costing, value stream mapping etc.).

 

Your main responsibilities:

• Having an in-depth understanding of the root cost drivers and efficiency potential for externally sourced components.
• Uncovering the cost savings potentials and actively identify areas of cost that can be impacted and reduced.
• Supporting categories with detailed analysis of cost drivers.
• Evaluating and analyzing suppliers manufacturing processes regarding effectiveness and efficiency and estimate potentials for optimization from cost but also from sustainability perspective.
• Supporting category to simulate the manufacturing process and cost structure of suppliers to provide valuable information for supplier price negotiation.
• Identifying manufacturing inefficiencies (long setups, poor flow, etc.) recalculate product cost based on the elimination of inefficiencies.
• Building several cost models corresponding to different requirements in the categories.
• Developing models and supporting Advanced Purchasing in predicting what a new part should cost.
• Knowing how Manufacturing cost material cost and tooling cost influence the price of externally sourced materials and components. 
• Quantifying and isolate all the elements associated with the Price and the product specification.
• Supporting CM with cost modelling to prepare for negotiations with suppliers.
• Translating value opportunities into tangible measures.
• Supporting audit to identify manufacturing inefficiencies (long setups, poor flow, etc. ) recalculate product cost based on the elimination of inefficiencies.
• Converting cost reduction and value opportunities into realistic action plans with timelines and metrics.
• Being primary driver in cost down projects across multiple categories.
• Driving Category Managers to develop business cases for cost reductions opportunities at supplier level as well as Category level.
• Approving business cases, developed by Category Managers.
• Utilizing a combination of supplier-provided information, comparisons of supplier-to-supplier responses to RFQ’s cost breakdown.
• Driving involvement and engagement of internal stakeholders from BD who are driving specification creation.
• Simulating and suggest carbon reduction opportunities across categories with tangible impact assessment – along with impact on cost and other sourcing levers.
• Securing reporting of on-going cost reductions activities to the management team and key stakeholders
• Continuously evaluating and develop relevant tools, Should cost, Activity Based Costing, Value analysis, value stream mapping, etc.
• Establishing a cost database based on various supplier cost information’s.
• Analyzing industry-specific models to estimate general market cost of a product.
• Establishing a database of manufacturing processes that can be used to define the manufacturing processes of various products.

      

Your background

We imagine that you have:  

• 5+ years of relevant work experience as a cost value engineer
• BSc in Engineering  (MSc desired)
• Six Sigma Green Belt (Black Belt desired)
• Proven experience in cost & value engineering projects (focus on cost savings)
• Strong background in utilization of should costing software/tools (preferably aPriori)
• Strong communication to all layers of the organization
• Advanced skills in presentations (both in content and in layouts)
• Ability to work in a cross-cultural team and also independently
• Well Organized, self-motivated personality with a “part of a solution” attitude
• Outstanding English skilss, other languages can be an asset
• Excellent knowledge in Excel/PowerPoint

What’s in it for you?

What are your goals? Here at Grundfos it’s our mission to help you develop and fulfil your ambitions, both career and personal. We are guided by our six core values, and you’ll find that your fresh ideas will be welcomed and make a difference in everything from local to large-scale global projects. You’ll encounter colleagues from all over the world both as part of your daily work, supporting and all the while broadening each other’s cultural horizons.

 

In addition, your day-to-day benefits include: