Project Manager - Cost out Procurement

Rolls-Royce • Mankato, MN

3d • $68,255 - $110,915

About The Position

The Project Manager – Cost Out Procurement plans, steers, and implements global and regional cost-out projects within Procurement. The role identifies, analyzes, and realizes sustainable cost-reduction opportunities across the supply chain, contributing to company profitability and competitiveness through market analysis, technical product evaluation, supplier-base optimization, and negotiation.

The position leads cross-functional and international initiatives, develops project plans and savings targets, evaluates markets and suppliers, and performs technical and cost analyses. It also supports procurement process improvements, defines cost-out methods and KPIs, and scales successful practices across regions and sites. The role is based in Mankato, Minnesota, and requires willingness to travel internationally.

Requirements

• Applicants must be authorized to work for any employer in the U.S. without sponsorship; employment visa sponsorship or transfer is not available.
• A 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; alternatively, 7 years of experience in one or more of those areas.
• Willingness to travel internationally.

Nice To Haves

• Manufacturing and power generation experience.
• 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

• Plan, lead, and monitor cost-out projects.
• Develop project plans, milestones, resource requirements, and savings targets.
• Manage cross-functional teams across Engineering, Quality, Logistics, Finance, and Production.
• Ensure on-time execution, reporting, and risk management.
• Identify global procurement markets with significant savings potential.
• Conduct market analyses, benchmarks, and comparative cost calculations.
• Apply international Best-Cost-Country sourcing strategies.
• Evaluate and select suppliers based on price, quality, delivery performance, and sustainability.
• Analyze product specifications, manufacturing technologies, and material costs.
• Prepare Should-Cost analyses and total cost of ownership (TCO) models.
• Identify technical optimization and Design-to-Cost opportunities with Engineering.
• Analyze and improve procurement processes to increase efficiency and cost transparency.
• Define and implement standards for cost-out methodology, reporting, and KPIs.
• Collaborate with global procurement organizations, technical teams, and international plants.
• Manage global cost-out programs across multiple regions.
• Share best practices and expand successful initiatives to additional sites.

Benefits

• Base pay and a discretionary bonus plan.
• Eligible employees may enroll in health, dental, vision, disability, life, and accidental death and dismemberment insurance.
• Flexible spending account and health savings account.
• 401(k) retirement savings plan with company match.
• Employee Assistance Program.
• Paid Time Off and certain paid holidays.
• Paid parental and family care leave.
• Tuition reimbursement.
• Long-term incentive plan.

What This Job Offers

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