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Cost Reduction Consultant

  • Location:

    London

  • Sector:

    Other

  • Job type:

    Project

  • Salary:

    £800 - £1000 per day

  • Job ref:

    10945

  • Published:

    almost 3 years ago

  • Expiry date:

    2021-07-16

A global manufacturing company is looking to conduct a cost reduction piece across one of their business units. They have a substantial cost reduction target, which increased significantly over the past 12 months, due to the pandemic. This is a highly confidential project and further details will be discussed on a screening call.

You will have experience across cost reduction in an engineering / manufacturing space, having conducted large cost reduction and optimization projects in the past.

Responsibilities include but are not limited to:

  • Scoping the needs and planning your approach to a cost reduction exercise. These should ponder:
    • The pain points and specific needs of an engineering and manufacturing environment
    • Your knowledge and expertise in the market, bringing best practices' and industry insights
    • Any cost reduction exercises previously conducted by the client - namely contract negotiations, suppliers and sourcing assessments, many different technical levers
  • Coordinating and facilitating workshops with pre-selected suppliers, with the aim of identifying and agreeing on the best opportunities to follow. These should include:
    • Working alongside experts as well as operational teams, educating them on cost reduction best practices whilst collaborating on business and legacy knowledge
    • Bringing industry best practices to support idea generation
    • Building a pilot workshop which can be replicated across the suppliers' landscape in the future
  • Your guidance on estimations of duration, resources and timelines - as they will rely on your expertise and industry best practices knowledge to shape the final look of this piece.

Consultant profile:

  • Operational excellence experience, with successful track record of leading cost reduction exercises across engineering / manufacturing environment;

Details:

  • Start date: June 30 th
  • Duration: to be recommended by the consultant
  • ly remote, with regular travels to the client site in the UK. Details to be discussed in the meeting with the client
  • Day rate: £800-1000 ltd (dependent on experience)

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