Cost Optimization Specialist

4 days ago

Oxford, Oxfordshire, United Kingdom Cedar Full time
About the Role

Cedar is seeking a highly skilled Cost Optimization Specialist to join our team. As a Cost Optimization Specialist, you will play a key role in driving improvement ideas throughout the product life cycle, advising and implementing best practices in cost engineering, commercial, design, and procurement functions.

Key Responsibilities
  • Develop in-depth understanding of various processes associated with complex commodities, including expert knowledge of several process types and commodities.
  • Deliver robust detailed and directional Should Costs (estimates) to support project and product development.
  • Participate in supplier selection and supplier strategy planning to ensure optimal cost and quality outcomes.
  • Support the development of cost models by commodity group suitable for anticipated production volumes.
  • Generate bespoke cost models to suit supplier processes from scratch.
  • Identify and drive material/process/layout improvements to be promoted as product cost reduction ideas.
  • Discuss cost gaps with suppliers, taking the lead in negotiating cost reduction ideas or gaps to expectation with the use of supporting market data.
  • Develop process improvements within the cost engineering, procurement, and engineering functions to support a cohesive team working environment.
Requirements
  • Strong knowledge of low and high-volume manufacturing processes and associated commercial cost drivers.
  • Experience in developing electrical and mechanical commodities alike.
  • Able to review and understand technical proposals, technical drawings, and specifications with the ability to translate these to non-technical staff.
  • Utilize CAD modeling software (Siemens Teamcenter or similar) to support identifying cost drivers.
  • Experience in using cost modeling software to create bottom-up should costs.
  • Tooling cost driver knowledge is essential.
  • Ability to identify gaps in know-how, willing to learn and develop knowledge of new commodities.
  • Capable of developing and sharing cost engineering best practice methods with stakeholders.
  • Able to manage multiple projects.
  • A good understanding of cross-functional roles within the procurement/supply chain structure is beneficial.
  • The ability to demonstrate cross-functional teamwork is critical.
  • Analysing and interpreting numerical data and reaching sound judgments and recommendations.
  • Ability to work under own initiative and under pressure, in a controlled manner.
  • Excellent communication skills, both written and verbal.
  • Able to present logical findings to various stakeholders (Microsoft Excel and office skills).
  • Supplier visits are part of the role, so a clean driving license is essential.
What We Offer

Cedar offers a hybrid working arrangement, with 2 days on-site in our Oxfordshire offices. This role is not exhaustive, and the job holder will be required to carry out from time-to-time tasks in addition to the above that will be both reasonable and within their capabilities.

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