What are the responsibilities and job description for the Product Cost Manager position at Vertiv?
Job Summary
The Product Cost Manager's primary focus is to drive the organization to hit product cost targets thru collaboration with Engineering, Procurement and Operations to position our product costs below that of competition. Reporting to the Director, Global Program Management, this role leads the overall process of Product Cost reporting, review, and prioritized cost improvement action execution for the assigned group of products.
By managing a robust product costing program, this role will ensure that Vertiv is able to manufacture best cost-competitive products. This role will focus on:
- Ensuring offering managers and other business stakeholders have a clear understanding of product costs and the elements of those costs including material and manufacturing costs.
- Ensuring product cost targets are set before the design phase for New Product Development projects.
- Driving reduction in product cost, closely collaborating with Offering Management, Engineering, Procurement, Operations, and Finance to position our products below that of our competition.
Responsibilities:
- Establish current/actual product cost reporting capability and cadence of review. (continual cost & margin monitoring)
- Perform cost variance reporting. Understand product cost structure, identify and analyze quarterly variances.
- Establish product cost comparison among different manufacturing plants internally and externally, including outside purchase/manufacturing options.
- Work with product cross-functional team (notably Offering Management, Engineering, Procurement, Operations and Finance) to identify and drive product cost improvement metrics and actions.
- Coordinating the identification, reporting, and execution of VAVE (Value Analysis/Value Engineering) cost reduction projects and their financial impact.
- Reviewing and advising on target product cost as part of NPDI and throughout the lifecycle of the product.
Requirements:
- B.S. in Engineering preferred or equivalent experience in product engineering and manufacturing.
- At least 3 years related experience
- Demonstrable experience in Engineering / Supply Chain or Manufacturing Operations and working with cross-functional teams to identify and execute on priority actions.
- Experience in analyzing and driving improvement in data reporting with Finance and IT systems.
- Ability to deliver effective presentations of findings and recommendations by creating visual summaries of quantitative cost information. Build and continually improve dashboards to provide insight.
- Must have demonstrable skills with Microsoft office applications, particularly Excel. Smartsheet and Power BI experience beneficial.
- Experience in a global, multi-cultural environment, & comfortable working autonomously.
- Occasional travel domestic or international to Vertiv engineering and manufacturing locations.
About Vertiv
Vertiv is a $5.0 billion global critical infrastructure and data center technology company. We ensure customers’ vital applications run continuously by bringing together hardware, software, analytics and ongoing services. Our portfolio includes power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Columbus, Ohio, USA, Vertiv employs around 20,000 people and does business in more than 130 countries. Visit Vertiv.com to learn more.
Work Authorization
No calls or agencies please. Vertiv will only employ those who are legally authorized to work in the United States. This is not a position for which sponsorship will be provided. Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.
Equal Opportunity Employer
Vertiv is an Equal Opportunity/Affirmative Action employer. We promote equal opportunities for all with respect to hiring, terms of employment, mobility, training, compensation, and occupational health, without discrimination as to age, race, color, religion, creed, sex, pregnancy status (including childbirth, breastfeeding, or related medical conditions), marital status, sexual orientation, gender identity / expression (including transgender status or sexual stereotypes), genetic information, citizenship status, national origin, protected veteran status, political affiliation, or disability. If you have a disability and are having difficulty accessing or using this website to apply for a position, you can request help by sending an email to help.join@vertiv.com.