Project Manager - Cost out Procurement

Rolls-Royce plc; Mankato Township (MN); On-site; USD 68,000 - 111,000; Full time

Benefits offered by this job

Health, dental, vision insurance

Flexible spending account

401(k) retirement plan with company 
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Paid Time Off

Tuition reimbursement

Long-term incentive plan

Job summary

Rolls‑Royce plc in Minnesota seeks a Project Manager for Cost Out Procurement to lead and realize cost‑reduction initiatives across the global supply chain. You will drive market analyses, supplier evaluations, and should‑cost modeling in collaboration with Engineering, Quality, Logistics, Finance and Production teams.

The role requires strong negotiation and analytical skills, plus experience in procurement or value engineering.

Qualifications

• Bachelor's degree in Industrial Engineering, Mechanical Engineering, Business Administration, Supply Chain Management, or related field.
• Several years of experience in Procurement, Cost‑Out Management, Value Engineering, or technical project management.

Responsibilities

• Project Management for Cost‑Out Initiatives: Planning, leading, and monitoring cost‑out projects.
• Developing project plans, milestones, resource requirements, and savings targets.
• Managing cross‑functional teams (Engineering, Quality, Logistics, Finance, Production).
• Ensuring on‑time execution, reporting, and risk management.
• Market and Supplier Analysis: Identifying new global procurement markets with savings potential.
• Conducting detailed market analyses, benchmarks, and comparative cost calculations.
• Applying international Best‑Cost‑Country sourcing strategies.
• Evaluating and selecting suppliers based on price, quality, delivery and sustainability.
• Technical Expertise & Cost Analysis: Analyzing product specs, manufacturing technologies, and costs.
• Preparing Should‑Cost analyses and TCO models.
• Identifying optimization opportunities with Engineering.
• Process Optimization & Continuous Improvement of procurement processes.
• Defining and implementing cost‑out methodology, reporting, and KPIs.
• International Collaboration with global procurement and technical teams.

Skills

Negotiation skills

Analytical skills

Cross-functional collaboration

English and German language skills

Education

Bachelor's Degree in Industrial Engineering

Job description

Job Description Title: Project Manager – Cost Out Procurement

Pioneer the next generation of innovation. Join us and you’ll develop your skills and expertise to the very highest levels, working in an international environment for a company known the world over for its brilliance.

Position Summary

The Project Manager Cost Out Procurement is responsible for planning, steering, and implementing global and regional cost‑out projects within Procurement. The objective of this role is the systematic identification, analysis, and realization of sustainable cost‑reduction potential across the entire supply chain. Through in‑depth market analyses, technical product evaluations, supplier base optimization, and effective negotiations, the position holder makes a significant contribution to the company’s profitability and competitiveness.

Key Accountabilities

• Project Management for Cost‑Out Initiatives Planning, leading, and monitoring cost‑out projects.
• Developing project plans, milestones, resource requirements, and savings targets.
• Managing cross‑functional teams (Engineering, Quality, Logistics, Finance, Production).
• Ensuring on‑time execution, reporting, and risk management.
• Market and Supplier Analysis Identifying new global procurement markets with significant savings potential.
• Conducting detailed market analyses, benchmarks, and comparative cost calculations.
• Applying international Best‑Cost‑Country sourcing strategies.
• Evaluating and selecting suitable suppliers based on price, quality, delivery performance, and sustainability.
• Technical Expertise & Cost Analysis Analyzing product specifications, manufacturing technologies, and material costs.
• Preparing Should‑Cost analyses and TCO models.
• Identifying technical optimization and Design‑to‑Cost opportunities in collaboration with Engineering.
• Process Optimization & Continuous Improvement Supporting the analysis and improvement of procurement processes to increase efficiency and cost transparency.
• Defining and implementing standards for cost‑out methodology, reporting, and KPIs.
• International Collaboration Close cooperation with global procurement organizations, technical teams, and international plants.
• Managing global cost‑out programs across multiple regions.
• Sharing best practices and scaling successful initiatives to additional sites.

Basic Requirements

• Applicants must be authorized to work for any employer in the U.S without sponsorship. We are unable to sponsor or take over sponsorship of an employment Visa at this time
• Bachelor's Degree in Industrial Engineering, Mechanical Engineering, Business Administration, Supply Chain Management, or a related field and 3 years of experience in Procurement, Cost‑Out Management, Value Engineering, or technical project management, or 7 years of experience in Procurement, Cost‑Out Management, Value Engineering, or technical project management.
• Several years of experience in Procurement, Cost‑Out Management, Value Engineering, or technical project management.
• Willingness to travel internationally.

Preferred Qualifications

• Manufacturing and Power generation experience preferred.
• Strong technical understanding of manufacturing processes, materials, and product‑related cost structures.
• Excellent analytical skills, including Should‑Cost analysis, cost modeling, TCO assessments, and data analysis.
• Experience in international project management and cross‑functional collaboration.
• Strong negotiation skills and confident communication with suppliers and internal stakeholders.
• Structured, proactive working style with high autonomy and solution orientation.
• Very good English and German language skills.
• High level of initiative and a proactive mindset.

Rolls‑Royce is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to any protected characteristics. At Rolls‑Royce, we are committed to creating a workplace where all employees feel respected, supported, and empowered to do their best work. We foster a welcoming and innovative work environment that invests in you, giving you access to an incredible breadth and depth of opportunities where you can grow your career and make a difference.

Pay Range Pay ranges for remote employees are based on the state where the employee resides and may vary from the posted range. $68,255 - $110,915-Annually

Location: Mankato, MN

Rolls‑Royce provides a comprehensive and competitive Total Rewards package that includes base pay and a discretionary bonus plan.

Benefits

• Eligible employees may have the opportunity to enroll in other benefits, including health, dental, vision, disability, life and accidental death & dismemberment insurance; a flexible spending account; a health savings account; a 401(k) retirement savings plan with a company match; Employee Assistance Program; Paid Time Off; certain paid holidays; paid parental and family care leave; tuition reimbursement; and a long-term incentive plan.

Business Unit

The Business Unit Power Systems of Rolls‑Royce provides world-class power solutions and complete life‑cycle support under our product and solution brand mtu. Through digitalization and electrification, we strive to develop drive and power generation solutions that are even cleaner and smarter and thus provide answers to the challenges posed by the rapidly growing societal demands for energy and mobility. We deliver and service comprehensive, powerful and reliable systems, based on both gas and diesel engines, as well as electrified hybrid systems. These clean and technologically-advanced solutions serve our customers in the marine and infrastructure sectors worldwide. At the heart of our business is the unrivalled dedication and technical expertise of our people. To support them we provide an environment of caring and belonging where everyone is themselves and supports each other.

Discover how you can contribute your unique skills to our dynamic team.

We invite you to keep track of any applications and explore our exciting career opportunities.