Strategic Planning - Cost Management Specialist

Strategic Planning - Cost Management Specialist

Key Responsibilities

1. Costing & Estimation

• Develop and maintain should-cost models for products, assemblies, and systems (e.g., chillers, fan walls, skids).
• Lead project cost estimation during bidding and execution phases.
• Validate BOMs, routings, and manufacturing assumptions for accuracy.
• Partner with engineering to ensure design-to-cost alignment.

2. Supplier & Procurement Costing

• Analyze supplier quotes and build clean-sheet cost models.
• Support procurement in negotiations with fact-based costing.
• Track commodity trends (copper, aluminum, steel, etc.).

3. Cost Optimization / Value Engineering

• Identify and drive cost reduction initiatives (material, design, process).
• Conduct value engineering (VE) / value analysis (VA) workshops.
• Benchmark internal costs vs market and global standards.
• Challenge over-engineering and push standardization/modularization.

4. Support Finance in Margin Control

• Monitor product / project margins vs target.
• Conduct variance analysis (standard vs actual cost).
• Support pricing decisions with cost transparency.
• Build dashboards for cost visibility across business units.

Experience Level

Mid Level