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Full-Time

Cost Engineering Manager

Posted on 7/23/2024

Fortune Brands

Fortune Brands

51-200 employees

Provides water, outdoor, and security solutions

Energy

Senior, Expert

North Olmsted, OH, USA

Category
Engineering Management
Systems Engineering Management
Required Skills
Communications
Data Analysis
Requirements
  • 5+ years of experience in global costing analytics/data, preferably with aPriori or similar tools.
  • Demonstrated leadership of global teams.
  • Bachelor's degree in Supply Chain Management, Business Administration, Engineering, Analytics, or a related field is required.
  • Demonstrated success in using analytics to drive results and increase value in the supply chain.
  • Experience in introducing new processes to a team or business.
  • Experience working in a highly matrixed organization as well as the ability to collaborate and execute ideas cross-functionally is critical.
  • Hands-on experience with supply chain cost modeling analysis (including tools), LPP’s, RFx, and supplier collaboration.
  • Broad understanding of manufacturing processes. Knowledge of Lean/Six Sigma is preferred.
  • Strong written and verbal communication, planning, and problem-solving skills.
Responsibilities
  • Analyze new and existing supply market data sources in conjunction with best practices to improve current and long-term analytical processes for operational performance.
  • Utilize cost methodologies and software tools to provide reliable cost projections to support negotiations with suppliers and strategies in collaboration with Sourcing Category team members.
  • Create and support analytical processes, templates, and best practices that encompass elements of RFx, cost modeling, ideation, innovation, process excellence and Design for Manufacturing/Assembly (DFM/DFA).
  • Assist in developing and executing processes for reporting results of new analytics including supplier cost modeling, linear price progression (LPP) modeling, ideation, innovation and Design to Value (DTV) collaboration supplier workshops, Request for Quotes (RFQ’s), Design for Manufacturing/Assembly (DFM/DFA) and operations costs to meet our required specifications and attributes.
  • Lead benchmarking events based on high-value analytics with incumbent and prospective suppliers in an effort to provide feedback on market pricing; ensure information that helps facilitate timely decisions is seamlessly relayed to internal stakeholders.
  • Assist in the creation of analytical tools, templates, and capabilities for insightful analytics. Participate in the definition of standards, procedures, and accountability frameworks.

Fortune Brands Innovations operates in the water, outdoors, and security sectors, providing products that enhance living spaces and ensure safety. The company offers a range of branded products, including water solutions, outdoor products, and security systems, which are sold through retail stores, online platforms, and direct sales to commercial builders. Their business model emphasizes brand leadership and continuous innovation, allowing them to adapt to changing market demands and maintain a competitive edge. Unlike many competitors, Fortune Brands focuses on expanding its distribution channels to reach a wider audience, which helps drive sales and revenue growth. The company's goal is to capitalize on growth opportunities in the home improvement and commercial building markets while ensuring long-term performance and customer satisfaction.

Company Stage

IPO

Total Funding

N/A

Headquarters

Deerfield, Illinois

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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Simplify's Take

What believers are saying

  • Strategic partnerships, such as with Value Hybrid, enhance FBIN's product offerings and market reach, particularly in digital safety solutions.
  • Significant investments from firms like Coldstream Capital Management and K.J. Harrison & Partners indicate strong investor confidence and financial stability.
  • The company's commitment to sustainability and social impact, as highlighted in its 2023 ESG report, can attract socially-conscious consumers and investors.

What critics are saying

  • The competitive landscape in the home improvement and security markets requires continuous innovation to maintain market position.
  • Dependence on strategic partnerships and acquisitions may pose integration challenges and affect operational efficiency.

What makes Fortune Brands unique

  • FBIN's Fortune Brands Advantage operating model ensures long-term performance and adaptability, setting it apart from competitors.
  • The company's focus on high-growth sectors like water, outdoors, and security allows it to capitalize on favorable market conditions and consumer demand.
  • FBIN's strong brand portfolio and commitment to innovation enable it to maintain a competitive edge and capture market share.
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