Project Manager - Cost out Procurement

Rolls-Royce•Mankato, MN

5d•$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 focuses on identifying, analyzing, and realizing sustainable cost-reduction opportunities across the supply chain through market analysis, technical product evaluations, supplier-base optimization, and negotiations. It contributes to the company’s profitability and competitiveness. The position manages cost-out initiatives from planning through execution, including project plans, milestones, resource requirements, savings targets, cross-functional coordination, reporting, and risk management. It also analyzes procurement markets and suppliers, product specifications, manufacturing technologies, and material costs; prepares Should-Cost analyses and total cost of ownership models; and works with Engineering on technical optimization and Design-to-Cost opportunities. The role supports procurement-process improvement, establishes cost-out methodology, reporting, and KPI standards, and collaborates with global procurement organizations, technical teams, and international plants to manage programs across regions and scale successful initiatives. International travel is required. The position is based in Mankato, Minnesota.

Requirements

Bachelor’s degree in Industrial Engineering, Mechanical Engineering, Business Administration, Supply Chain Management, or a related field, plus 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 fields.
Several years of experience in Procurement, Cost-Out Management, Value Engineering, or technical project management.
Must be authorized to work for any employer in the U.S. without sponsorship; visa sponsorship or takeover of sponsorship is not available.
Willingness to travel internationally.

Nice To Haves

Manufacturing and power generation experience.
Strong technical understanding of manufacturing processes, materials, and product-related cost structures.
Strong analytical skills, including Should-Cost analysis, cost modeling, total cost of ownership 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 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 involving 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 models.
Identify technical optimization and Design-to-Cost opportunities with Engineering.
Support analysis and improvement of 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 scale successful initiatives to additional sites.