Cost Reduction Specialist

3 weeks ago


Coventry, Coventry, United Kingdom Polestar Full time
About the Role

We are seeking a highly skilled and experienced Cost Reduction Lead to join our Software Architecture & SaaS team at Polestar. As a key member of our team, you will be responsible for optimizing the cost structure of our current and future vehicle software architecture and SaaS within the software domain.

Key Responsibilities
  • Collaborate cross-functionally and cross-platform to identify cost-saving opportunities and implement cost reduction strategies within different areas of the Software domain and Polestar portfolio.
  • Work closely with engineering, procurement, finance, and manufacturing teams to identify and execute cost reduction projects for Polestar.
  • Conduct thorough analyses of current vehicle & SaaS costs, identifying opportunities for cost reduction in both commercial and BOM aspects.
  • Develop, implement, and oversee cost-saving initiatives without compromising vehicle and services quality and performance.
  • Establish strong relationships with shared platform providers to facilitate effective negotiation and collaboration.
  • Monitor supplier performance and address any cost-related issues promptly.
  • Implement and promote a culture of continuous improvement within the organization.
  • Utilize lean principles and other cost reduction methodologies to drive efficiency in the function area.
  • Conduct detailed cost analysis and prepare comprehensive reports on cost reduction activities and outcomes.
  • Track key performance indicators (KPIs) related to cost savings and present findings to senior management.
Requirements
  • Bachelor's degree in Engineering, Finance, Supply Chain Management, or a related field. A Master's degree is a plus.
  • Proven experience in cost reduction, cost analysis, or a related role within the automotive or manufacturing industry.
  • Proven track record of automotive electrical system and architecture leading roles.
  • Comfortable with common concepts within automotive embedded development; ISO 21434, ISO 26262, SOTIF.
  • Familiarity with lean manufacturing principles and other cost reduction methodologies.
  • Proficiency in relevant software tools (e.g., MS Office Suite, JIRA, Confluence).
About Polestar

Polestar is a dynamic and innovative company at the forefront of the electric vehicle industry. We offer a collaborative and passionate team dedicated to sustainability and performance. Our company is committed to creating an inclusive environment for all employees.

We are an equal opportunity employer and celebrate diversity. If you are a motivated and experienced professional looking to join a forward-thinking company, we encourage you to apply for this exciting opportunity.



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