Senior Engineer, Process (Cost Reduction) at CooperVision, Inc in JUANA DIAZ, Puerto Rico

Job Description:

Job Summary:

Drive Cost Reduction initiatives for the global manufacturing sites, enhancing the financial health of an organization by identifying, implementing, and managing cost-saving measures across various aspects of the business.

Essential Functions & Accountabilities:

• Analyze and identify areas within the organization where cost-reduction measures can be implemented


• Conduct cost-benefit analyses to determine the feasibility and potential savings of proposed cost-reduction measures


• Develop and implement cost-reduction initiatives


• Evaluate existing business processes to identify inefficiencies and redundancies.  Make recommendations for improvements to equipment and operating procedures to improve productivity.


• Identify and implement technology solutions that can streamline operations and reduce costs.


• Evaluate the cost-effectiveness of adopting new technologies.


• Collaborate with cross-functional teams to identify cost-saving opportunities and implement solutions


• Collaborate with financial teams to develop budgets and forecasts.


• Implement strategies to reduce material costs without compromising quality.


• Monitor and track cost reduction progress and report findings to senior management


• Stay up to date with industry trends and best practices related to cost-reduction strategies


• Identify and mitigate potential risks associated with cost-reduction initiatives


• Identify and assess potential risks associated with cost reduction strategies.


• Maintain documentation of cost reduction initiatives and their impact.


• Prepare regular reports for management on cost reduction achievements and future plans.


• Communicate effectively with stakeholders at all levels of the organization to ensure buy-in and successful implementation of cost-reduction measures

Travel: 

Able to travel 30% of the time.