Strategic Planning - Cost Management Specialist

K ey Responsibilities 1. Costing & Estimation Develop and maintain should-cost models for products, assemblies, and systems (e.g., chillers, fan walls, skids). Lead project cost estimation during bidding and execution phases. Validate BOMs, routings, and manufacturing assumptions for accuracy. Partner with engineering to ensure design-to-cost alignment. 2. Supplier & Procurement Costing Analyze supplier quotes and build clean-sheet cost models. Support procurement in negotiations with fact-based costing. Track commodity trends (copper, aluminum, steel, etc.). 3 . Cost Optimization / Value Engineering Identify and drive cost reduction initiatives (material, design, process). Conduct value engineering (VE) / value analysis (VA) workshops. Benchmark internal costs vs market and global standards. Challenge over-engineering and push standardization/modularization. 4 . Support Finance in Margin Control Monitor product / project margins vs target. Conduct variance analysis (standard vs actual cost). Support pricing decisions with cost transparency. Build dashboards for cost visibility across business units.