Parts Development Cost Management Specialist
Hyundai Motor CompanyJOB TITLE
Parts Development Cost Management Specialist
WHAT YOU WILL DO
This role is part of the Cost Management team at Hyundai Motor Group Metaplant America (HMGMA) and reports to the Sr. Manager of Cost Management, Parts Development. As a Parts Development Cost Management Specialist, you will support Cost Optimization (CO) and Value Analysis/Value Engineering (VA/VE) activities across Procur
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ement, Engineering, and supplier organizations.
The position is responsible for coordinating cost reduction initiatives, facilitating workshops, tracking savings performance, and providing reporting and analysis to support business objectives. The successful candidate will work closely with internal stakeholders and suppliers to identify, develop, and implement cost-saving opportunities that improve profitability and operational performance.
Cost Optimization & Savings Tracking
• Coordinate and track cost reduction opportunities across Procurement teams and suppliers.
• Maintain cost optimization project status, implementation milestones, and savings results.
• Validate and report projected and realized savings.
• Support annual cost reduction targets and business planning activities.
• Analyze spending and cost trends to identify improvement opportunities.
VA/VE (Value Analysis / Value Engineering)
• Collect, track, and report VA/VE proposals from buyers, engineers, and suppliers.
• Support evaluation and implementation of cost-saving ideas while maintaining quality and performance requirements.
• Participate in benchmarking, teardown, and cost analysis activities.
• Track VA/VE implementation status and savings achievement.
Cost Optimization Workshops
• Plan and coordinate internal and supplier Cost Optimization and VA/VE workshops, including scheduling, logistics, materials preparation, and onsite support.
• Facilitate follow-up actions and track implementation progress.
• Support cross-functional collaboration to identify and execute cost-saving opportunities.
• Document workshop outcomes and communicate results to stakeholders.
Reporting & Analysis
• Prepare weekly, monthly, and quarterly cost optimization reports for management.
• Develop dashboards, scorecards, and presentations to communicate cost performance.
• Utilize Excel, SAP, and other systems to analyze and report results.
• Provide visibility to risks, opportunities, and achievement against targets.
Cross-Functional Coordination
• Collaborate with Procurement, Engineering, Production, Quality, Finance, and suppliers.
• Support localization and sourcing optimization initiatives.
• Coordinate implementation activities and communicate progress across stakeholders.
• Support continuous improvement initiatives and other departmental objectives as assigned.
HOW WILL YOU MAKE AN IMPACT
In this role, you will help drive HMGMA's cost competitiveness by supporting the identification, implementation, and tracking of cost-saving opportunities across vehicle programs and suppliers. Your work will provide visibility into cost reduction performance, support localization initiatives, and enable cross-functional teams to achieve business objectives through structured cost optimization and continuous improvement activities.
WHAT YOU WILL BRING TO THE ROLE
• Bachelor's degree in Business Management, Supply Chain Management, Engineering, Finance, Accounting, Project Management, or a related field from an accredited university. (Preferred)
• 1-3 years of relevant experience in Procurement, Supply Chain, Engineering, Manufacturing, Business Analytics, Project Coordination, or related functions preferred.
• Strong analytical, organizational, and project management skills with demonstrated ability to coordinate activities, track action items, and drive projects to completion.
• Proficiency with Microsoft Office applications, including advanced Excel capabilities required.
• Experience with SAP, SharePoint, or other business systems preferred.
• Excellent communication and presentation skill