Job Description
Job Description:
Job Summary:
Responsible for the development and execution of product cost optimization strategy that improves product costs & margins, reduces operating costs, and meets service level obligations. This includes supporting the product cost reduction activities and cost reduction budgets within Belkin’s Finance Organization including should cost modeling, commodity cost management, technology roadmap & trend and value engineering projects.
Specific responsibilities include:
Identify cost-saving opportunities and to develop and implement strategies to reduce product costs.
Work closely with cross-functional teams to ensure that products are designed and manufactured in the most cost-effective manner possible.
Develop and maintain cost models to support product cost analysis and decision-making.
Collaborate with suppliers to identify cost-saving opportunities and to negotiate favorable pricing and terms. Monitor project costs and commitment to budget and forecast.
Implement processes and tools to improve product cost visibility and control.
Provide guidance and support to other departments on cost-related matters.
Stay up-to-date on industry trends and best practices related to product cost engineering.
Responsible for establishing key supplier relationships, managing and holding vendors accountable to supplier agreements, and negotiating efficient costs while maintaining high quality, and ensure best in class value
Responsible for managing, controlling and optimizing costs of products in close cooperation with product management, engineering, SQA & finance groups
Responsible for product cost analysis and identifying cost improvement opportunities
Contribute to RFQ Develop RFQ & cost analysis processes for supplier proposal evaluations and decision makings
Working closely with product management, engineering and sales teams on value engineering projects
Ensure regular reviews of operational efficiency and provide process improvement suggestions that create cost reductions, improved customer experience
Identifying new sources with better overall competitiveness and/or new technologies
Work with Product development and sourcing departments to integrate new supplier or new product launches
Support Company’s Affirmative Action, Social Responsibility & Sustainability
Work with SQA team in implementation of supplier audits per ISO and Customers required standards; understand and fully support Belkin’s business management system.
Understand and follow company rules and regulations
Maintain a safe and clean work environment
Perform all other duties as assigned and required
Education and Experience Requirements:
5-8 years of experience in cost engineering and value engineering
BS degree of Engineering, Supply Chain, Business Administration or similar degree
Experience with should-cost tools and other methods of cost build-ups and analysis
Familiarity with Oracle ERP and Logility demand/inventory planning systems preferred.
Supply chain management of a global organization required.
Experience managing technical commodities and suppliers.
Familiar with key manufacturing processes and product costing fundamentals within the assigned portfolio.
Ability to work collaboratively and openly with cross-functional business partners
Excellent communication skills and strong process management capabilities necessary
Prioritize and manage a variety of complex projects
Results orientated with a strong focus on the customer (both internal and external)
Fluent in English (verbal and written)
What you’re getting into
We’ve got big collaborative spaces for your big ideas, so bring an open mind and leave your suit in the closet. We all are committed to creating unique and rewarding consumer experiences. Everyone is interested in succeeding – for the team, for themselves and for the business. Cross-functionally and across the company, everyone has common goals and aspires to be their best.
You will learn something new or at least look at things differently every day. There are so many smart and creative people around that you’ll be motivated to pursue the ideal.
Team spirit is infectious. Belkin is an extremely open workplace, where communication is essential. Not every idea will be accepted, but you’ll be asked for your point of view. Innovation thrives on multiple and varied levels. At Belkin we challenge conventional wisdom and refuse to accept that something cannot be done.
Belkin is an Equal Opportunity and Affirmative Action Employer Disability and Veterans. We maintain a drug-free workplace.
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