Cost Reduction Analyst — Global Engineering

SmartRecruiters, Inc.; Wolverton; On-site; GBP 38,000 - 45,000; Full time

Benefits offered by this job

BUPA medical care for you, partner and

Health Cash Plans

Company pension

8% variable bonus

Job summary

Cummins is recruiting a Cost Analyst in Milton Keynes to collect, analyze and present financial data that will influence cost reduction actions.

You will lead cost analysis and optimization projects, identify savings opportunities by reviewing BOMs, suppliers and competitor products, and develop a cost reduction plan with cross-functional teams across sourcing, engineering and product groups.

Qualifications

• College/university degree in a related subject matter.
• Strong commercial acumen and analytical experience in cost control, reporting, supply chain processes, BOM.

Responsibilities

• Perform and manage Cost Analysis and Optimization projects.
• Identify cost reduction opportunities by analyzing BOM, current suppliers and competitor products and present findings to the business leadership team.
• Create and maintain cost reduction plan and reporting for EPBU utilizing a multi-year project roadmap covering new product development and current product.
• Utilize cost reduction tools within EPBU.
• Collaborate with sourcing, engineering and product teams to develop a cost reduction plan for current product and ensure execution of the plan.
• Assess and help optimize an integration plan across a global business the relevant systems, sourcing strategies and cost plans.

Skills

Cost analysis

Cost control

Analytical thinking

BOM analysis

Reporting

Supply chain

Sourcing

Education

Bachelor's degree in related subject

Tools

Cost analysis tools

Software tools

Job description

Cummins is recruiting a Cost Analyst in Milton Keynes to collect, analyze and present financial data that will influence cost reduction actions.

You will lead cost analysis and optimization projects, identify savings opportunities by reviewing BOMs, suppliers and competitor products, and develop a cost reduction plan with cross-functional teams across sourcing, engineering and product groups.