Product Cost Management Job Description
Position Summary
The Product Cost Leader is responsible for establishing, governing, and optimizing the end-to-end cost structure of new offers/products during the new offer lifecycle. The role ensures that new offers are launched within target cost, achieve required profitability and meet business case commitments through close collaboration with Engineering, Procurement, Manufacturing, Supply Chain and Product Management teams.
Key Responsibilities
New Offer Cost Development
• Develop detailed product cost models during concept, design, and industrialization phases- CSC derivation and evolution.
• Analyse product designs, manufacturing processes, and cost drivers to achieve product cost targets.
• Support pricing and business case development.
• DCMP utility and analysis
Value Engineering & Cost Optimization
• Lead cost optimization initiatives before product launch.
• Evaluate supplier quotations and negotiate cost improvement opportunities.