Senior Manager, Cost Management

• Lead end-to-end cost management of multi-billion-dollar procurement from a diversified, multi-tier global supplier network.


• Identify opportunities for cost optimization and lead cross-functional teams to consistently achieve year-over-year value capture.


• Lead complex, high-stakes data driven supplier negotiations to secure the lowest total acquisition cost without compromising operational requirements.


• Develop and implement advanced tools and processes to improve cost analysis, reporting accuracy, and stakeholder communications.


• Lead the creation and maintenance of detailed cost models to analyze and forecast product cost changes.


• Collaborate closely with engineering teams during product teardown and shouldcost modeling to understand cost drivers and enhance model precision.


• Develop and execute comprehensive negotiation strategies to secure optimal terms and cost structures with global suppliers.


• Lead high-stakes supplier negotiations, leveraging market insights and cost analysis to drive cost savings without compromising quality or service.


• Partner with sourcing and category teams to align negotiation approaches with overall procurement and business objectives.


• Partner with Category and Sourcing teams to refine sourcing strategies by leveraging global cost insights.


• Work cross-functionally to capture comprehensive total cost of ownership data to establish accurate baselines for procurement initiatives.


• Provide expert guidance and mentorship within the organization on best practices related to cost management.


• Lead the development of yearly budgets focused on cost-out targets, aligning financial goals with strategic cost management plans.


• Oversee and drive cost reduction initiatives throughout the year to achieve budget objectives, monitoring progress and adjusting actions as necessary.

Requirements

• Bachelor's degree in Engineering, Business, Finance, or related field; MBA or advanced degree preferred.


• Minimum 7+ years of progressive experience in cost management, procurement, global sourcing, manufacturing cost estimation, or product cost analysis.


• Extensive experience (5+ years) in supplier contract negotiation and cost control initiatives at a global scale.


• Strong financial acumen and proficiency in advanced Excel modeling and data analysis tools.


• Demonstrated ability to lead cross-functional teams and manage multi-million-dollar cost reduction projects.


• Experience with global commodity markets, indices, and sourcing strategies is highly desirable.


• Solid understanding of manufacturing processes, supply chain dynamics, and product cost drivers.


• Excellent communication, organizational, and project management skills.

Core Competencies

Demonstrates expertise in cost management and procurement, with a strong focus on supplier negotiations, cost analysis, and financial modeling. Proven ability to lead cross-functional teams and implement strategies that drive cost savings and operational efficiency.

Highest-signal resume keywords

• Cost Management


• Supplier Negotiation


• Advanced Excel Modeling


• Cross-Functional Team Leadership


• Global Sourcing Strategies

ATS Optimization Keywords

Hard Skills

• Cost Analysis


• Data Analysis


• Cost Modeling


• Budget Development


• Manufacturing Cost Estimation


• Financial Acumen


• Cost Reduction Initiatives


• Total Cost of Ownership Analysis
  
• Negotiation Strategies


• Project Management

Soft Skills

• Communication


• Organizational Skills


• Mentorship

Certifications & Qualifications

• Bachelor's Degree


• MBA or Advanced Degree Preferred

Industry Keywords

• Global Supplier Network


• Procurement


• Sourcing


• Supply Chain Dynamics


• Commodity Markets