Procurement Product Cost Manager

Overview

Manage product cost forecasts, drive cost reduction projects, and lead cost governance.

Key Responsibilities

• cost forecasting
• cost reduction
• data analytics
• digital tools
• cost governance
• procurement management

Tasks

-Champion a Cost-conscious culture. -Manage the cost forecast of an extensive portfolio of cost reduction and cost mitigation projects and ensure accuracy and credibility of the in-year and long-term product cost forecast. This will support business financial forecasting and portfolio decisions. You will be using our executive product cost management tools and processes and will play a critical role in the delivery of our yearly long term product cost forecasting process. -Work with the Category to generate, develop and execute cost reduction projects and cost mitigation projects. You will be required to work creatively and proactively champion a wide range of cost opportunities using market intelligence, data analytics and digital tools. You will also be expected to build an understanding of the Category critical cost drivers (including contractual escalation, contract renewal, directed buy, …) and the Category strategy. You will be working in diverse teams will need to influence stakeholder and seek their support. -Lead and support the regular product cost governance with internal stakeholders and provide a clear communication of status including arising opportunities and risks to allow their proactive management to deliver the best outcome for the business. -Manage and task Procurement Cost leads reporting you and support their development.

Requirements

• degree
• cips
• business acumen
• data analysis
• stakeholder management
• transformational

What You Bring

-A degree (BA level) and/or CIPS qualifications. -Good business acumen and desire to develop deep understanding of commercial and financial principles. -Can work at pace with a level of pragmatism and tenacity. -Transformational mindset, willing to look at alternative approaches and different ways of working, which may challenge the norms and context of today -Experience of data analysis, willingness to provide hypothesis and identify and articulate financial opportunities. -Good interpersonal, and people management skills and ability and desire to engage with a wide range of stakeholders at various levels, functions, and areas of the business. Ability to influence and challenge in a positive manner.

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About Rolls-Royce

-Founded in the early 20th century, it began as a pioneer in aero-engine design and has grown into a global engineering powerhouse. -It develops and produces engines and power systems for commercial and military aircraft, naval vessels, submarines, and energy infrastructure. -Headquartered in London, it operates across four core segments—civil aerospace, defence, power systems and emerging markets like nuclear and modular reactors. -It supports iconic programmes—supplying wide-body commercial aircraft engines, submarine nuclear reactors, naval propulsion, and bespoke industrial power units. -Amid a major turnaround since 2023, the company secured a £9 billion UK defence reactor deal.

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