Product Cost Manager

Role Introduction

Reporting to a Senior Product Cost Manager based in the UK, this role will be responsible for the New Product Development (NPD) projects from inception till its launch into the marketplace.  

The role involves working globally (UK, SG & Malaysia) with a cross functional team spanning NPI/NPD RDD Designers, Commercial Marketing, Engineering, Procurement, Operations and Finance.

Key Responsibilities:

• Responsibility to drive E2E product cost governance, optimize cost, maximize efficiencies, make recommendations to drive NPD projects to achieve profitability targets
• Responsible for providing timely, accurate and insightful analysis on product cost to support project milestone, financial health checks, change management and risk-opportunity tracking.
• Generate cost build up estimates for new NPD Research Design and Development (RDD) projects and evaluating multiple design alternatives for lowest cost possible.
• Responsible for embedding new ways of working across the cross functional team to raise the profile and importance of product cost. Embedding a new cost-conscious environment to manage product cost transparency and accountability.
• Work collaboratively while challenging multiple stakeholders (Designers, Engineering, Operations, Procurement and Finance)  to achieve stretch cost targets
• Manage the monthly reporting cycle to support the product cost change movements, understand the associated risks and opportunities which could impact a product as it progresses through the development cycle.
• Drive continuous improvement throughout data, process and people
• Communicate with impact and create a sense of urgency and responsibility to address cost challenges.
• Take ownership over entire Global NPD portfolio range for the products Category. 

Knowledge and Specialist Skills:

• Ability to both think strategically and operationalize those strategic plans into execution plans with clear set of KPI to drive towards success
• Take governance of detailed ‘should cost ‘ to validate supplier quotes and ensure target cost achieved.
• Knowledge of manufacturing capabilities such as plastic injection moulding, metal extrusion/stamping, rubber over-mould and electronics PCB assembly.
• Knowledge of design optimization using Value-Engineering Concept.
• Demonstrable strong analytical ability to provide cost insight and actionable deliverables.
• Evaluate multiple cost down idea and “make” vs “buy” analysis.
• Ability to manage product design complexity and influence senior stakeholders.

About you

• You excel in dynamic, fast-changing environments with a global presence and diverse stakeholders.
• You are passionate about solving complex problems, bringing people with competing goals together to achieve shared objectives.
• You hold a degree in engineering, manufacturing, or cost accounting, with over 5 years of experience in a product cost engineering role.
• You have a track record of driving change, implementing process improvements, and transforming ways of working.
• You demonstrate exceptional communication, leadership, and influencing skills.

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Dyson is an equal opportunity employer. We know that great minds don’t think alike, and it takes all kinds of minds to make our technology so unique. We welcome applications from all backgrounds and employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other any other dimension of diversity.