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)
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.
