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Cost Reduction Manager Jobs in Georgia (NOW HIRING)

Kiongroup

Warranty Cost of Quality Lead

Atlanta, GA · Hybrid

$102K - $140K/yr

... reduction and defect elimination. This role is accountable for transforming warranty data into ... The role manages outcomes and decisions-not people-and requires strong analytical capability ...

Kiongroup

Warranty Cost of Quality Lead

Atlanta, GA · Hybrid

$102K - $140K/yr

... reduction and defect elimination. This role is accountable for transforming warranty data into ... The role manages outcomes and decisions-not people-and requires strong analytical capability ...

Google

Cost Intelligence Program Manager

Atlanta, GA · On-site

... reduction and value creation. * 5 years of experience in a leadership role. * Experience in management consulting within finance, economics, engineering, supply chain management, or a related ...

Panasonic

Technical Supervisor

Suwanee, GA · On-site

Recommend and implement process improvement and cost reduction. * Manage production schedule. * Collect, analyze, and maintain ownership of various manufacturing data. * Manage materials presentation ...

SPP Pumps

Cost Accountant

Norcross, GA · On-site

$50K - $85K/yr

... areas for cost reduction and efficiency improvement. * Work with AP Coordinator to ensure job ... Investigate root causes for any deviations and report findings to management. * Identify primary ...

VDL USA Holding Inc

Cost Engineer

Flowery Branch, GA · On-site

Work closely with Project Management on changes in project scope, schedules, and costs. * Identify ... structural cost reduction. * Demonstrated ability to work collaboratively and communicate ...

VDL USA Holding Inc

Cost Engineer

Flowery Branch, GA · On-site

Work closely with Project Management on changes in project scope, schedules, and costs. * Identify ... structural cost reduction. * Demonstrated ability to work collaboratively and communicate ...

Hp

3D Printing Services Operations Manager

Alpharetta, GA · On-site

$93K - $143K/yr

The role manages a team consisting of Operations Program Managers, a Training Manager, Onboarding Lead,and a Cost Reduction Lead , working cross-functionally with Sales,Sales Ops,Customer Success ...

NLB Services

IT Sourcing Manager

Atlanta, GA · On-site

Continually seek opportunities to achieve cost reduction, and cost avoidance. * Supplier Relationship Management - * Responsible for effective management of the strategic direction associated with ...

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Cost Reduction Manager information

What is the role of a cost reduction manager?

A cost reduction manager is responsible for analyzing company expenses and identifying opportunities to decrease costs without compromising quality or efficiency. They develop strategies, implement process improvements, and monitor financial performance to achieve cost savings, often using tools like data analysis and budgeting software. This role requires strong analytical skills and knowledge of operational processes.

What does a cost reduction manager do?

A Cost Reduction Manager is responsible for identifying and implementing strategies to reduce expenses and improve efficiency within an organization. They analyze financial data, review operational processes, and collaborate with various departments to find cost-saving opportunities without compromising quality or productivity. Their goal is to help the company achieve financial targets by optimizing resources, renegotiating contracts, and streamlining operations. They also monitor the results of cost-saving initiatives and report on their effectiveness to senior management.

What skills and qualifications are needed to be a cost reduction manager?

To excel as a Cost Reduction Manager, you need strong analytical skills, financial acumen, and experience in process improvement, often supported by a degree in finance, business, or engineering. Familiarity with cost analysis software, ERP systems, and certifications like Six Sigma or Lean Management are highly valuable. Excellent communication, problem-solving abilities, and stakeholder management skills help drive cost-saving initiatives and foster cross-departmental collaboration. These capabilities are crucial for identifying savings opportunities, implementing effective strategies, and ensuring the organization's financial health.

How does a cost reduction manager collaborate with different departments to achieve savings goals?

A Cost Reduction Manager works closely with departments such as procurement, operations, finance, and supply chain to identify cost-saving opportunities and implement efficiency measures. They often lead cross-functional teams to analyze spending patterns, negotiate with vendors, and streamline processes. Regular meetings, data sharing, and clear communication are crucial for aligning departmental goals and ensuring that cost reduction initiatives do not negatively impact product quality or customer satisfaction. This collaborative approach not only drives savings but also fosters a culture of continuous improvement across the organization.
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Cost Reduction Manager jobs near you

Sr. Manager, Procurement & Cost Management

Genuine Parts Company

Atlanta, GA • On-site

Full-time

Posted 7 days ago

Genuine Parts Company rating

7.0

Company rating: 7.0 out of 10

Based on 58 frontline employees who took The Breakroom Quiz

238th of 415 rated retail wholesalers

Job description

Job Overview
The Senior Manager of Cost Management will lead and oversee NAPA's strategic efforts to optimize cost of goods sold (COGS) across the product portfolio. This role is responsible for developing and leveraging advanced cost models, performing variance analysis, and monitoring global costs to manage product cost inflation and deflation. The position will spearhead cost reduction initiatives via supplier negotiations, detailed cost validations, and cross-functional collaboration with Category Management, Engineering, Sourcing and Pricing teams. As a strategic leader, this role will identify value enhancement opportunities and drive continuous cost improvement across global supply chains in alignment with business objectives.
Key Responsibilities
Cost Management
  • Lead end-to-end cost management of multi-billion-dollar procurement from a diversified, multi-tier global supplier network
  • Identify opportunities for cost optimization and lead cross-functional teams to consistently achieve year-over-year value capture.
  • Lead complex, high-stakes data driven supplier negotiations to secure the lowest total acquisition cost without compromising operational requirements.
  • Develop and implement advanced tools and processes to improve cost analysis, reporting accuracy, and stakeholder communications.

Cost Modeling
  • Lead the creation and maintenance of detailed cost models to analyze and forecast product cost changes.
  • Collaborate closely with engineering teams during product teardown and shouldcost modeling to understand cost drivers and enhance model precision.

Negotiation Strategy and Supplier Engagement
  • Develop and execute comprehensive negotiation strategies to secure optimal terms and cost structures with global suppliers.
  • Lead high-stakes supplier negotiations, leveraging market insights and cost analysis to drive cost savings without compromising quality or service.
  • Partner with sourcing and category teams to align negotiation approaches with overall procurement and business objectives.

Tenders & Sourcing Strategy
  • Partner with Category and Sourcing teams to refine sourcing strategies by leveraging global cost insights.
  • Work cross-functionally to capture comprehensive total cost of ownership data to establish accurate baselines for procurement initiatives.
  • Provide expert guidance and mentorship within the organization on best practices related to cost management.

Budget and Initiative Management
  • Lead the development of yearly budgets focused on cost-out targets, aligning financial goals with strategic cost management plans.
  • Oversee and drive cost reduction initiatives throughout the year to achieve budget objectives, monitoring progress and adjusting actions as necessary.
  • Collaborate with finance and cross-functional teams to track budget performance and report on variances and outcomes.

Leadership Responsibilities and Traits
  • Lead, manage, and develop a dedicated team of cost management professionals, fostering collaboration, accountability, and continuous professional growth.
  • Conduct regular performance evaluations, provide constructive feedback, and support career development plans for direct reports.
  • Demonstrate ownership and accountability for cost management results, actively driving key initiatives with minimal oversight.
  • Exhibit strategic thinking to anticipate risks and opportunities in global costs and supply chains, enabling proactive decision-making.
  • Coach and develop team members by sharing knowledge, encouraging continuous learning, and promoting a culture of high performance.
  • Act as a trusted advisor to senior leadership by delivering insightful cost analyses and actionable recommendations.
  • Manage multiple priorities effectively, balancing short-term tactical needs with long-term strategic objectives.
  • Lead and influence cross-functional teams by fostering collaboration, clear communication, and alignment toward common cost reduction goals.

Required Qualifications and Experience
  • Bachelor's degree in Engineering, Business, Finance, or related field; MBA or advanced degree preferred.
  • Minimum 7+ years of progressive experience in cost management, procurement, global sourcing, manufacturing cost estimation, or product cost analysis.
  • Extensive experience (5+ years) in supplier contract negotiation and cost control initiatives at a global scale.
  • Strong financial acumen and proficiency in advanced Excel modeling and data analysis tools.
  • Demonstrated ability to lead cross-functional teams and manage multi-million-dollar cost reduction projects.
  • Experience with global commodity markets, indices, and sourcing strategies is highly desirable.
  • Solid understanding of manufacturing processes, supply chain dynamics, and product cost drivers.
  • Excellent communication, organizational, and project management skills.

Preferred Attributes
  • Automotive industry experience is desired.
  • Ability to work independently in a fast-paced, team-oriented environment.
  • Strong analytical thinking, problem-solving, and decision-making skills.
  • Proactive leadership style with a focus on collaboration and driving measurable results.

Physical Demands and Work Environment
  • Typical office environment with moderate noise levels.
  • Reasonable accommodations will be made for individuals with disabilities.

Not the right fit? Let us know you're interested in a future opportunity by joining our Talent Community on jobs.genpt.com or create an account to set up email alerts as new job postings become available that meet your interest!
GPC conducts its business without regard to sex, race, creed, color, religion, marital status, national origin, citizenship status, age, pregnancy, sexual orientation, gender identity or expression, genetic information, disability, military status, status as a veteran, or any other protected characteristic. GPC's policy is to recruit, hire, train, promote, assign, transfer and terminate employees based on their own ability, achievement, experience and conduct and other legitimate business reasons.

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