Cost Master

Sourc:The SiteAddtime:2017/10/28 Click:0

Key area responsibility

- Develop, own, standardize and improve challenging Product Should Cost Models in preparation and during DfX conventions that go clearly beyond modeling todays As-Is cost but show lowest possible product cost. The result needs to be accurate, comprehensible, fact-based, and in-time to the DfX convention schedule.

- Develop and leverage own manufacturing and commodity knowledge and ensure that the capability and knowledge of internal and external contributors is optimally used in the product cost modeling process

- Document improvement levers to achieve product should cost by showing differences to today’s situation

- Support the DfX convention team to achieve the identified cost reduction opportunities by facilitating a proper hand-over of the product cost model and the improvement levers and through capability building around cost modeling

- Support capability building of Philips internal cost modeling stakeholders beyond DfX conventions by provided trainings

- Support the development and maintenance of a Cost Engineering community in Philips and adhere and drive standards and road maps e.g. for tools, customized cost models, and a common Way of Working.

- Create awareness and change attitudes among internal organization and suppliers as for the necessity and possibilities to improve cost models and existing cost transparency.

- Develop, maintain and improve knowledge, tools, and methods with regard to Cost engineering and take ownership of individual knowledge development efforts.

- Adhere to the GBP and the Procurement Code

Personal Objectives:

1.      Contribute to the annual 7.5% cost down target of the total purchasing spend by supporting the DFX teams with “challenging should cost calculations” and show (underpin) improvement levers to achieve the cost down targets.

Measurement: Individual convention results, consolidated DfX results, individual feedback

2.      Support the DfX convention team for successful implementation of the product should cost targets e.g. by providing detailed improvement levers , joining supplier visits and negotiations, and developing meaningful calculation scenarios.

Measurement: Implementation success rate, individual feedback

3.      Support the DfX Cost Master colleagues, the cost engineering community and additional stakeholders with sharing your knowledge on certain commodities and manufacturing technologies

Measurement: Trainings and coaching provided, lighthouse cases developed, individual requests for support

4.      Further develop your personal knowledge spike in <ADD MANUFACTURING TECHNOLOGIES AND/OR COMMODITIES>  

Measurement: Individual activities undertaken for knowledge building, trainings participated, knowledge documents published

5.      Lead and successfully implement assigned personal knowledge efforts  

Measurement: Status of knowledge efforts assigned