Cost Manager, Program Lead

The group you’ll be a part of

Global Supply chain

The impact you’ll make

At Lam, as a Strategic Commodity Manager, you play a crucial role in managing industry suppliers. You’ll develop and implement commodity strategies, align development deliverables, benchmark suppliers, negotiate agreements, and resolve delivery, cost, and production challenges. Navigating a highly visible and dynamic environment, your strategic expertise in implementing initiatives will support commodity availability, quality, and cost to maintain Lam's reliability and competitive edge.

What you’ll do

• Responsible for establishing & Driving Commercial Strategic commodity vision, evaluating supplier cost & managing relationship to drive projects to achieve goals of global cost efficiency.
• Determine cost targets during design & development phase, recommending cost effective solutions.  Investigate and identify cost reduction opportunities. Ensure smooth and cost effective transition.
• Establish costing of products, production & assembly processes, tooling costs and review alternatives. Put forward recommendations for improvement. Use Zero based costing /cost breakdowns.
• Negotiate cost increase from suppliers related to RM , Process, Labor & other input  cost to mitigate impact
• Utilize cost methodologies, appropriate tools & software models & packages to prepare and maintain reliable and accurate data. Contribute to cost monitoring and reporting systems and procedures and monitor trends
• Assess cost effectiveness of products & track actual costs relative to targets & report status on a regular basis to ensure costs are in line with forecasts.
• Research and analyze various commodities for function to price and price to cost evaluation.
• Continuously scan markets & global landscape to explore and evaluate strategic & cost-effective suppliers.
• Evaluate new suppliers considering their organization capabilities, Technology expertise, Production capabilities, Financial performance, customer orientation & Supply chain robustness.
• Works cross-functionally with Engineering, Sourcing, manufacturing, Procurement, finance, & product support
• Coordinate with finance/accounting for inventory, cost savings & cash flow management.
• Define & monitor metrics in line with AOP objectives relative to supplier cost performance, monitor against the expectations to ensure continuous improvement; then drives team to address and close gaps to meet objectives.

• Provide inputs to Commodity Sourcing strategy to deliver best cost targets.
• Supplier Performance Management through Score cards and other related parameters.
• Encourage and coordinate early supplier involvement on new product designs using the suppliers’ expertise to optimize cost and manufacturability.
• Strong Negotiation skills. Manage commodity spend by Negotiation/Mitigation of Price increases. Plan & Execute cost reduction strategies through Negotiations, Material cost reductions, Alternate sourcing, technology changes.

Who we’re looking for

• Bachelor degree or equivalent is required with 2- 4 years of supervisory experience.

Preferred qualifications

• Commodity Mgmt, Commercial Negotiations, Costing and familiarity with Semiconductor, Automotive, Electrical Equipment Manufacturing or high-technology supply management practices, standards and organizations.
• Business & technical understanding of Manufacturing & Assembly processes related to Mechanical, Electrical Components such as Fittings, Tubing, Valves, Regulators, MFC’s, Weldments, Machining, OEM’s Proprietary etc

Our commitment

We believe it is important for every person to feel valued, included, and empowered to achieve their full potential. By bringing unique individuals and viewpoints together, we achieve extraordinary results.

Lam Research ("Lam" or the "Company") is an equal opportunity employer. Lam is committed to and reaffirms support of equal opportunity in employment and non-discrimination in employment policies, practices and procedures on the basis of race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex (including pregnancy, childbirth and related medical conditions), gender, gender identity, gender expression, age, sexual orientation, or military and veteran status or any other category protected by applicable federal, state, or local laws. It is the Company's intention to comply with all applicable laws and regulations. Company policy prohibits unlawful discrimination against applicants or employees.

Lam offers a variety of work location models based on the needs of each role. Our hybrid roles combine the benefits of on-site collaboration with colleagues and the flexibility to work remotely and fall into two categories – On-site Flex and Virtual Flex. ‘On-site Flex’ you’ll work 3+ days per week on-site at a Lam or customer/supplier location, with the opportunity to work remotely for the balance of the week. ‘Virtual Flex’ you’ll work 1-2 days per week on-site at a Lam or customer/supplier location, and remotely the rest of the time.