Principal Cost Engineer

What Global Sourcing Operations contributes to Cardinal Health Global Sourcing is responsible for creating and managing diverse strategic supplier partnerships that drive enterprise value with innovation, best cost and competitive advantages that benefit customers, suppliers and patients. Develops and executes strategic plans by leveraging market intelligence, industry knowledge and cross-functional collaboration. Competitive advantage is created through supplier selection and management, contract negotiation, supply chain optimization and risk mitigation. Global Sourcing Operations is responsible for the governance, enablement, risk management and project execution for global procurement. This family is also responsible for data analytics and identifying cost savings opportunities to improve negotiations with suppliers. Job Summary The Cost Engineering team is responsible for managing and providing guidelines on costs and resources for the manufacturing of products. Should Cost engineers acquire, validate, standardize, enrich, and publish structured, data analysis to forecast the cost of sourced or manufactured products using usage, cost breakdown, and application of advanced quantitative modeling. Engineering is responsible for performing research and analyses to develop design options for components, products, systems and processes. Responsibilities Independently scope, research, develop, socialize, and identify benchmarking using cost data, labor productivity analysis, equipment, capacity from vendor quotes and industry market intelligence forecast. Gains consensus from various parties involved, identify, analyze, and present relevant insights that drive business decisions and anticipate opportunities to achieve a competitive advantage. Provide valuable insights that aid in the proper allocation of resources, identifying possible risks, and determining production costs. Strong process and project management skills needed to propose and execute cost analysis in alignment with cross functional teams. Perform usage cost breakdown, data analysis and utilize financial acumen to identify opportunities to leverage scale and drive cost savings. Establish collaborative environment with key suppliers and internal/external business partners to optimize business performance and innovation. Collaborate with and influence internal business partners in a highly matrix environment to optimize supplier network, performance, and innovation. Independently execute projects of moderate scope and complexity with sound reasoning and accuracy. Applies working knowledge to identify possible solutions to a variety of technical problems and takes actions to resolve. Identify and drives cost savings opportunities. Reviews and approves finances behind any engineering design changes and implementations. Collaborates with cross functional partners to identify areas of product improvement. Qualifications Bachelor of Science in engineering, or equivalent experience in related field preferred. 4-8 years of experience in cost engineering preferred. Expertise in manufacturing including technical product knowledge, cost drivers, related industry dynamics and market trends. Strong interpersonal, verbal, and written communication skills; able to communicate effectively and interact and collaborate with personnel at various levels of expertise on a global landscape. Driven and motivated with strong attention to detail. Astute in analytical and problem-solving skills. Comfortable estimating, developing, and executing cost (breakdown) analysis. Results-oriented, strategic thinker, highly resourceful, able to work in a team environment. Experience working on project teams preferred. Familiar with MS applications, Oracle Agile and SAP, preferred. 5-10% travel domestically (International as need) What is expected of you and others at this level Applies comprehensive knowledge and a thorough understanding of concepts, principles, and technical capabilities to perform varied tasks and projects May contribute to the development of policies and procedures Works on complex projects of large scope Develops technical solutions to a wide range of difficult problems Solutions are innovative and consistent with organization objectives Completes work; independently receives general guidance on new projects Work reviewed for purpose of meeting objectives May act as a mentor to less experienced colleagues Anticipated salary range: $78,500 - $117,705 Bonus eligible: No Benefits: Cardinal Health offers a wide variety of benefits and programs to support health and well-being. Medical, dental and vision coverage Paid time off plan Health savings account (HSA) 401k savings plan Access to wages before pay day with myFlexPay Flexible spending accounts (FSAs) Short- and long-term disability coverage Work-Life resources Paid parental leave Healthy lifestyle programs Application window anticipated to close: 9/20/2024 if interested in opportunity, please submit application as soon as possible. The salary range listed is an estimate. Pay at Cardinal Health is determined by multiple factors including, but not limited to, a candidate's geographical location, relevant education, experience and skills and an evaluation of internal pay equity. Candidates who are back-to-work, people with disabilities, without a college degree, and Veterans are encouraged to apply. Cardinal Health supports an inclusive workplace that values diversity of thought, experience and background. We celebrate the power of our differences to create better solutions for our customers by ensuring employees can be their authentic selves each day. Cardinal Health is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, ancestry, age, physical or mental disability, sex, sexual orientation, gender identity/expression, pregnancy, veteran status, marital status, creed, status with regard to public assistance, genetic status or any other status protected by federal, state or local law. To read and review this privacy notice click here (

Created: 2024-11-02