Procurement Cost Engineer

Job Title

Job Description

JOB DESCRIPTION – PROCUREMENT COST ENGINEER

Introduction

Vanderlande is seeking aProcurementCost Engineerto drive cost optimizationthrough comprehensive cost modeling and analysis. As a pivotalmember of the global Procurement Center of Excellence (CoE), you will focus on developing should-costmodels and providinginsights to support strategic procurement decisions andcost reductionefforts.

Ourglobal procurement organization enables our projects and business functions by maximizing value and minimizing risks via theprocurement of goods and services in thesmartest, cost-effectiveand sustainableway. We ensure a resilientand competitive supplier ecosystem and aim to advance towards best-in-class practices, and ensure the organization is efficient, effective, andfuture-proof. Furthermore, our procurement organization playsan important role in Vanderlande's transformation from an Engineer-to-Order (ETO) to aConfigure-to-Order (CTO)business model. This new model aims at enhancing value for its customers through increased standardization, scalability, andmore competitive solutions.

What willyoube doing?

As a ProcurementCost Engineer, you will gather and analyze design and cost data to build and maintain cost models for supporting Sales with budgets and build and maintain related should-cost models, compare these estimates with supplier quotes, and prepare reports to identify cost saving opportunities. Your detailed cost analysis will support procurement negotiations, and you willcontributeto refining cost modeling processes and tools.

Responsibilities

• Gather and analyze cost-related data from various sources, including raw material prices, labor rates, and manufacturing processes to support the development of cost models and should-cost models at the component, assembly, or system level
• Perform cost maintenance and design related updates, on Computer Aided Pricing software tool (CAP) equipment records and track and report cost differences between product lifecycle milestones records
• (Current state) Item selection for CAP records
• Build and maintain detailed (should) cost models including cost drivers of current and future products and services that provide insights into the theoretical minimum costs for products and services, with input from technology information
• Maintain and set-up equipment cost calculations in Computer Aided Cost Estimation software tool (Facton EPC)
• Compare should-cost estimates with supplier quotes and market prices, and prepare reports highlighting discrepancies and potential cost-saving opportunities
• Provide detailed cost analysis to support procurement negotiations with suppliers, helping to achieve favorable terms and cost reductions. Be an active member of the procurement negotiation team with suppliers
• Contribute to the refinement of cost modeling processes and tools, suggesting improvements based on feedback and evolving business needs
• Add value to Value Engineering and DFX projects by providing should cost estimations or cost drivers for mechanical and/or electrical equipment during the development phases

Whatdo we ask from you?

To be successful in thisrole,you should have:

• Provenexperience (3-7years) in engineering,analyzing and interpretingcostdata, preferably procurement-specific data using an establishedcost engineeringtool(e.g.,Facton) and in a manufacturing environment (materialcosts, productioncosts)
• Proficiency in data languages(e.g., SQL,Python, R) and analyticstools, capable ofextracting andinterpretingcomplex datasetsto identify trends, patterns, and insights for further cost modelling and forecasting
• Proficiency in data visualizationtools (e.g.,Power BI,Tableau, Excel) toeffectivelycommunicate financial and cost insights. Set scope and find internal support at other departments, in putting together reporting & visualization
• Advanced skills in conducting should-cost modelingto assess productand service cost drivers andtotalcost ofownership (TCO)
• Abilityto independentlyhandle ad-hoccost engineering andanalysis requests alongside the creation ofrecurringreports
• Proven experience in translating technological design data into financial cost data and being able to determine cost drivers, using known cost engineering techniques
• Knowledge / experience in cost engineering (CE) and value engineering (VE)
• Proven experience in Data Management (JDE, and Enovia) & Tools (Computer Aided Cost Estimation Software (Facton EPC) and/or CAP)
• Familiaritywith procurement processes and supply chainmanagement
• Excellentcollaboration skillstoworkeffectively with cross-functionalteams andstakeholders
• Proficiency in Englishfor clearcommunication withinan internationalteam setting

About the team

The Procurement Centerof Excellence (CoE) team at Vanderlande is a dynamic group of professionals dedicated to providing strategic support and enhancingdemandand supply management capabilities. Comprisingdiverse roles such as RfX Specialists, ContractAdministration Specialists, Procurement ReportingAnalysts, Procurement CostEngineers, Procurement Market InsightAnalysts, and Supplier OnboardingSpecialists, the teamcollaborates closelywith the demand and supplymanagement teams to deliver high-quality support and insights. Operating acrossglobal and regional centers, our team thrives on collaboration, continuouslearning, and a commitmentto excellence, making a significant impact on the organization’s success.