Project Manager - Cost out Procurement

Rolls-Royce • Mankato, MN

15h • Onsite

About The Position

The Project Manager Cost Out Procurement is responsible for planning, steering, and implementing global and regional cost‑out projects within Procurement. The objective of this role is the systematic identification, analysis, and realization of sustainable cost‑reduction potential across the entire supply chain. Through in‑depth market analyses, technical product evaluations, supplier base optimization, and effective negotiations, the position holder makes a significant contribution to the company’s profitability and competitiveness.

Requirements

• Applicants must be authorized to work for any employer in the U.S without sponsorship.
• Bachelor's Degree in Industrial Engineering, Mechanical Engineering, Business Administration, Supply Chain Management, or a related field and 3 years of experience in Procurement, Cost‑Out Management, Value Engineering, or technical project management, or 7 years of experience in Procurement, Cost‑Out Management, Value Engineering, or technical project management.
• Several years of experience in Procurement, Cost‑Out Management, Value Engineering, or technical project management.
• Willingness to travel internationally.

Nice To Haves

• Manufacturing and Power generation experience preferred.
• Strong technical understanding of manufacturing processes, materials, and product‑related cost structures.
• Excellent analytical skills, including Should‑Cost analysis, cost modeling, TCO assessments, and data analysis.
• Experience in international project management and cross‑functional collaboration.
• Strong negotiation skills and confident communication with suppliers and internal stakeholders.
• Structured, proactive working style with high autonomy and solution orientation.
• Very good English and German language skills.
• High level of initiative and a proactive mindset.

Responsibilities

• Planning, leading, and monitoring cost‑out projects.
• Developing project plans, milestones, resource requirements, and savings targets.
• Managing cross‑functional teams (Engineering, Quality, Logistics, Finance, Production).
• Ensuring on‑time execution, reporting, and risk management.
• Identifying new global procurement markets with significant savings potential.
• Conducting detailed market analyses, benchmarks, and comparative cost calculations.
• Applying international Best‑Cost‑Country sourcing strategies.
• Evaluating and selecting suitable suppliers based on price, quality, delivery performance, and sustainability.
• Analyzing product specifications, manufacturing technologies, and material costs.
• Preparing Should‑Cost analyses and TCO models.
• Identifying technical optimization and Design‑to‑Cost opportunities in collaboration with Engineering.
• Supporting the analysis and improvement of procurement processes to increase efficiency and cost transparency.
• Defining and implementing standards for cost‑out methodology, reporting, and KPIs.
• Close cooperation with global procurement organizations, technical teams, and international plants.
• Managing global cost‑out programs across multiple regions.
• Sharing best practices and scaling successful initiatives to additional sites.

Benefits

• base pay
• discretionary bonus plan
• health, dental, vision, disability, life and accidental death & dismemberment insurance
• a flexible spending account
• a health savings account
• a 401(k) retirement savings plan with a company match
• Employee Assistance Program
• Paid Time Off
• certain paid holidays
• paid parental and family care leave
• tuition reimbursement
• a long-term incentive plan

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level