The Cost Optimization Manager will play a key role in supporting Meritor’s (including heritage North America Axle Tech) Industrial Procurement team by identifying Value Add / Value Engineering (VA/VE) Opportunities in current product within the supply base, heavily utilize business analytics to identify cost reduction opportunities, create the proper control tower to optimize team performance and work with cross functional teams to set long term sourcing strategies. This role will also play a key role to ensure cost synergies between heritage Meritor and former Axle Tech are realized. This role will have two to three VA/VE analysts as direct reports.
•Serves as the analytical lead of the team; utilizes enterprise and market analytics to identify cost reduction opportunities and optimize team performance utilizing a control tower approach.
•Coordinates and collaborates with Buyers on the spend analysis data to identify commercial and/or technical opportunities.
•Manages a large portfolio of cost reduction initiatives identified from initiation level to Program manage handoff.
•Identifies in conjunction with the Business Unit, products and suppliers for teardowns, de-proliferation and Idea Generation Sessions.
•Collaborates with a wide variety of functional areas such as sales, engineering, marketing, manufacturing, and operations to identify cost reduction and market opportunities.
•Lead formation and execution of business unit specific purchasing strategies
•Responsible for reporting Pipeline of initiatives to meet AOP to senior management and related functions.
•Creates and manages a pipeline of savings programs and drives the team for on time movement of ideas from draft through handoff for program manager execution.
•Leads cross-functional teams and interfaces with all internal departments working on ideas to keep up to date on progress and ensure timely handoff to program manager for execution.
•Facilitate cross-regional, (cross-business unit) communications.
•Travel: up to 25% (to suppliers, Customers, Meritor plants)
• Bachelor's degree required (Engineering, Business Administration, Finance or Data Analytics preferred)
•Minimum of 7 years directly related experience with at least 5 years of experience in cost reduction/idea generation/value engineering activities.
•Ability to manage multiple concurrent assignments while meeting deadlines and demanding quality execution.
•Good problem-solving, decision-making, and prioritization skills.
•Clear and concise verbal and written communications for a global audience; ability to influence/persuade a diverse group of people in innovative ideas/concepts; ability to negotiate with global suppliers.
•Good interpersonal/customer relations skills; good presentation skills.
•Thorough knowledge of sources of supply, procurement laws, regulations and forecasting methodologies required.
•Ability to track and analyze financial results of sourcing strategies.
•Working familiarity of DMO tools; Clean sheets, DFM, LPP analysis, Deproliferation, Roadmaps, Teardown and IGS, etc.
•Experience in Commercial vehicle automotive is an added advantage.
•Project Management Certification is an added advantage.
•Global manufacturing and supply base knowledge
•Experience of working in a global cross functional environment is an added advantage.
•Ability to interpret & analyze market data..
•Exposure to purchasing finance experience is an added advantage.
Meritor is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.