Job Overview
The Associate Procurement Manager ā Cost Management supports the execution of strategic cost management initiatives across assigned product categories within a multiābillionādollar global supplier network.
This role is responsible for managing cost management pipeline of assigned categories, supporting supplier negotiations, developing cost models and performing should-cost analysis. This position partners closely with Category Management, Engineering, Sourcing, and Pricing teams to deliver year-over-year cost improvements aligned with enterprise objectives.
Key Responsibilities
1. Category-Level Cost Management
- Support endātoāend cost management across assigned categories within a global supplier network.
- Protect and Improve category level cost position by actively managing cost management pipeline.
- Identify and validate cost reduction opportunities aligned with annual cost-out targets.
- Monitor cost performance against budget and escalate risks, variances, or supply impacts as needed.
2. Negotiation & Supplier Engagement
- Prepare data-driven negotiation packages, cost baselines, and scenario analyses.
- Conduct structured, fact-based supplier negotiations to achieve optimal cost outcomes.
- Collaborate with Category and Sourcing teams to align negotiation strategies with broader procurement objectives.
- Analyze total cost of ownership (TCO), including logistics, duties, packaging, and overhead.
- Support RFQ and tender processes by establishing cost benchmarks.
3. Cost Modeling & Should-Cost Analysis
- Develop and maintain detailed cost models to analyze and forecast product cost changes
- Conduct should-cost analysis and support product teardown reviews in partnership with Engineering.
4. Cross-Functional Collaboration
- Partner with Engineering to understand cost drivers and manufacturing inputs.
- Support Category Managers with cost insights that inform sourcing strategy.
- Provide reporting and dashboards for cost management initiatives.
- Contribute to cross-functional initiatives focused on inflation management and continuous cost improvement.
Required Qualifications & Experience
- Bachelorās degree in Engineering, Business, Supply Chain, or related field.
- 3ā6 years of experience in procurement, cost management, sourcing or manufacturing cost analysis.
- Experience supporting supplier negotiations and cost reduction initiatives.
- Strong financial acumen and advanced Excel modeling.
- Understanding of manufacturing processes, product cost drivers, and supply chain dynamics.
- Strong analytical and cross-functional collaboration skills.
Preferred Qualifications
- Automotive or manufacturing industry experience.
- Exposure to global commodity markets and cost indices.
- Experience with BI tools, ERP systems, or cost modeling platforms.
- MBA or advanced certification a plus (e.g. Lean, Six Sigma).
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