Commodity Procurement Specialist (Cost Engineer)
Visteon Corporation
At Visteon, the work we do is both relevant and recognized—not just by our organization, but by our peers, by industry-leading brands, and by millions of drivers around the world. That’s YOUR work.
And, as a truly global technology leader in the mobility space, focused on building cross-functional AND cross-cultural teams, we connect you with people who help you grow.
So here, whatever we do is not a job. It’s a mission. As a multi-billion-dollar leader of disruptive change in the industry, we are shaping the future, while enabling a cleaner environment. No other industry offers more fast-paced change and opportunity. We are in the midst of a mobility revolution that will completely change the way we interact with our vehicles, reduce the number of car accidents and fatalities, and make the world a cleaner place.
Visteon is at the epicenter of this mobility revolution.
Two major trends in the automotive industry – the shift to electric vehicles and vehicles with autonomous safety technologies – have created unique opportunities for Visteon. We are the only automotive provider focused exclusively on cockpit electronics – the fastest-growing segment in the industry.
And our team is ready for YOU. To show the world what you can do.
Detailed description: Mission of the Role: The Cost Engineering will be responsible for determining the full cost structure of our display products. This role involves analyzing various cost components, including materials, labor, overhead, and other relevant factors, to provide accurate cost estimates that will aid in procurement decisions and overall cost management.
Key Objectives of this Role:
- Analyze and determine the full cost structure for display products, including raw materials, manufacturing processes, labor, overhead, and logistics
- Work closely with the Engineering and Sales team to understand the requirements and specifications of display products
- Develop and maintain cost estimation models to ensure accurate and up-to-date cost assessments
- Collaborate with suppliers to gather necessary cost data and validate cost estimates
- Evaluate and analyze historical cost data and trends to improve the accuracy of future cost estimates
- Prepare detailed cost estimation reports and present findings to the procurement Team and senior management
- Identify cost-saving opportunities and recommend strategies to optimize costs without compromising quality.
- Assist in the negotiation process with suppliers by providing cost analysis and support
- Monitor market trends and changes in cost factors that could impact the overall cost structure
- Ensure compliance with company policies and industry standards in all cost estimation activities
Key Performance Indicators:
- Contribute to annual corporate savings target
- Ensure that the team provides on time quotes for RFI/RFQ’s
- Accuracy of cost estimates (real cost vs estimated)
- Reach Supplier PPV targets defined for displays
Key Year One Deliverables:
- Learn Visteon, Suppliers, and technology
- Understand and document product platform architectures
- Create and implement detailed cost estimation models for all display products, incorporating raw materials, labor, overhead, and logistics costs
- Develop and deploy a reporting system to track and present cost estimates, variances, and trends
- Develop relationships with global stakeholders
Qualification, Experience and Skills:
- Bachelor’s degree in Finance, Accounting, Engineering, Supply Chain Management, or a related field
- Minimum of 3-5 years of experience in cost estimation, preferably within the display products or technology sector
- Strong analytical and mathematical skills with a keen attention to detail
- Excellent communication and interpersonal skills, with the ability to present complex data clearly
- Solid understanding of procurement processes and supply chain management
- Ability to work independently and as part of a team in a fast-paced environment
- Experience in the display product industry or a related technology field. More Good Reasons to Work for Visteon Focusing on the Future Our company strategy focuses on leading the evolution of automotive digital cockpits and safety solutions. This strategy is driven by constant innovation, and you will support our efforts through your role. We are recognized across the industry for innovation. We have a strong book of business that is expected to drive future growth, along with a customer base that includes almost every automotive manufacturer in the world. Company Culture Working at Visteon is a journey in which our employees can develop their strengths and advance their careers while making a difference globally. Join us and help change the world and how we interact with our vehicles. Visteon is where the best technical talent creates the future. Learn more about our culture here. Competitive Compensation and Benefits Visteon offers competitive salaries and benefits and an environment that encourages employees to achieve their career goals. About Visteon Visteon is a global technology company serving the mobility industry, dedicated to creating a more enjoyable, connected and safe driving experience. The company’s platforms leverage proven, scalable hardware and software solutions that enable the digital, electric, and autonomous evolution of our global automotive customers. Visteon products align with key industry trends and include digital instrument clusters, displays, Android-based infotainment systems, domain controllers, advanced driver assistance systems and battery management systems. The company is headquartered in Van Buren Township, Michigan, and has approximately 10,000 employees at more than 40 facilities in 18 countries. Visteon reported sales of approximately $2.8 billion and booked $5.1 billion of new business in 2021.Learn more at www.visteon.com. Follow Us For more information about our company, technologies and products, follow us on LinkedIn, Twitter, Facebook, YouTube and Instagram. You can also follow our careers-focused channels on Twitter and Facebook to keep up with our latest job postings and the great work our employees are doing.
Key Objectives of this Role:
- Analyze and determine the full cost structure for display products, including raw materials, manufacturing processes, labor, overhead, and logistics
- Work closely with the Engineering and Sales team to understand the requirements and specifications of display products
- Develop and maintain cost estimation models to ensure accurate and up-to-date cost assessments
- Collaborate with suppliers to gather necessary cost data and validate cost estimates
- Evaluate and analyze historical cost data and trends to improve the accuracy of future cost estimates
- Prepare detailed cost estimation reports and present findings to the procurement Team and senior management
- Identify cost-saving opportunities and recommend strategies to optimize costs without compromising quality.
- Assist in the negotiation process with suppliers by providing cost analysis and support
- Monitor market trends and changes in cost factors that could impact the overall cost structure
- Ensure compliance with company policies and industry standards in all cost estimation activities
Key Performance Indicators:
- Contribute to annual corporate savings target
- Ensure that the team provides on time quotes for RFI/RFQ’s
- Accuracy of cost estimates (real cost vs estimated)
- Reach Supplier PPV targets defined for displays
Key Year One Deliverables:
- Learn Visteon, Suppliers, and technology
- Understand and document product platform architectures
- Create and implement detailed cost estimation models for all display products, incorporating raw materials, labor, overhead, and logistics costs
- Develop and deploy a reporting system to track and present cost estimates, variances, and trends
- Develop relationships with global stakeholders
Qualification, Experience and Skills:
- Bachelor’s degree in Finance, Accounting, Engineering, Supply Chain Management, or a related field
- Minimum of 3-5 years of experience in cost estimation, preferably within the display products or technology sector
- Strong analytical and mathematical skills with a keen attention to detail
- Excellent communication and interpersonal skills, with the ability to present complex data clearly
- Solid understanding of procurement processes and supply chain management
- Ability to work independently and as part of a team in a fast-paced environment
- Experience in the display product industry or a related technology field. More Good Reasons to Work for Visteon Focusing on the Future Our company strategy focuses on leading the evolution of automotive digital cockpits and safety solutions. This strategy is driven by constant innovation, and you will support our efforts through your role. We are recognized across the industry for innovation. We have a strong book of business that is expected to drive future growth, along with a customer base that includes almost every automotive manufacturer in the world. Company Culture Working at Visteon is a journey in which our employees can develop their strengths and advance their careers while making a difference globally. Join us and help change the world and how we interact with our vehicles. Visteon is where the best technical talent creates the future. Learn more about our culture here. Competitive Compensation and Benefits Visteon offers competitive salaries and benefits and an environment that encourages employees to achieve their career goals. About Visteon Visteon is a global technology company serving the mobility industry, dedicated to creating a more enjoyable, connected and safe driving experience. The company’s platforms leverage proven, scalable hardware and software solutions that enable the digital, electric, and autonomous evolution of our global automotive customers. Visteon products align with key industry trends and include digital instrument clusters, displays, Android-based infotainment systems, domain controllers, advanced driver assistance systems and battery management systems. The company is headquartered in Van Buren Township, Michigan, and has approximately 10,000 employees at more than 40 facilities in 18 countries. Visteon reported sales of approximately $2.8 billion and booked $5.1 billion of new business in 2021.Learn more at www.visteon.com. Follow Us For more information about our company, technologies and products, follow us on LinkedIn, Twitter, Facebook, YouTube and Instagram. You can also follow our careers-focused channels on Twitter and Facebook to keep up with our latest job postings and the great work our employees are doing.
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