Cost Reduction Specialist

Cost Reduction Specialist
  • Competitive
  • Permanent
  • Newcastle upon Tyne, Tyne and Wear, England Newcastle upon Tyne Tyne and Wear NE1 2JQ
Job Ref: 176169
Sector: Other
Date Added: 03 November 2021

Cost Reduction Specialist - Newcastle upon Tyne (site based) - Competitive Salary

We are looking for an experienced procurement specialist who is looking to take on their next challenge and use their knowledge and experience to determine and implement a cost reduction methodology to current and future equipment parts and consumables. This position would suit someone with an engineering and procurement background.

Reporting to the Operations Director, in this newly developed role, you will liaise with leaders across commercial, manufacturing, and development to ensure parts and processes within the supply chain are cost optimised and managed within an operational excellence framework.

This will involve liaising with a complex array of suppliers of precision mechanical, electrical and moulded parts to identify and implement costs savings with current and alternative suppliers.

As Cost Reduction Specialist, your duties will include:

  • Liaise with key department leaders to determine reduction opportunity on restricted supply and expensive items. Assist in the redesign of components to reduce material cost/avoid material price increase while improving product quality, function, and reliability
  • To understand product manufacturing processes and develop ground up cost estimates analysing how much a component should cost to manufacture.
  • Responsible for a wide variety of components and projects, so flexibility and enthusiasm to transfer knowledge and learning to a new challenge is essential and with an open mindset to challenge project timelines, current designs, and/or manufacturing methods to improve product costs
  • Assess total costs of company purchases and seek opportunities to reduce costs.
  • Work with manufacturing on scheduling and performing production pilot runs.
  • Nurture long term relationships with suppliers.
  • Where necessary lead identifying potential new suppliers and the subsequent negotiation of commercial supply agreements.
  • Participate in risk management to all aspects of product development including process risks and product risks.

Experience, knowledge and requirements

  • A highly motivated, organised and proactive individual with a proven ability to work and motivate with utmost tact and diplomacy in supplier negotiation
  • Relevant degree in Engineering, Procurement management and/or equivalent experience.
  • Experience of working with ISO 13485 is essential with direct experience working in the IVD industry an advantage.
  • Ability to manage multiple projects simultaneously, resolve problems, meet deadlines, and handle fast paced critical work environment
  • Strong analytical skills and spreadsheets including should cost modelling and budgetary analysis of projects and recommendation presentation
  • Outstanding teamwork and ability to interact with external and internal partners on fast-paced projects utilising significant influence, negotiation, and collaboration skills and strong communicator.
  • Expertise in manufacturing processes and the cost drivers associated with them. Material flow and awareness of process (lead times in tooling, testing, developing, tier 2 suppliers, etc)
  • Knowledge of ERP systems or equivalent.

Please be aware this advert will remain open until the vacancy has been filled. Interviews will take place throughout this period, therefore we encourage you to apply early to avoid disappointment.

Tate is acting as an Employment Business in relation to this vacancy.

03/12/2021 12:38:24
GBP 40000 50000 Annum

Submitting application, please wait..