Supply Chain Cost Engineer

Position Summary: Regal Rexnord is looking for a Supply Chain Cost Engineer to join our team and play a key role in the success of the Global Supply Chain Management team as we support Regal Rexnord's aggressive growth goals with extensive new product development (NPD) and our Supply Chain Optimization initiatives. As a Supply Chain Cost Engineer at Regal Rexnord, you will be integral in helping the company achieve its strategic objectives by optimizing the cost structure across our global supply chain. You will collaborate with cross-functional teams, including product development, procurement, and logistics, engineering, category management, to assess cost drivers, identify efficiencies, and contribute to cost reduction initiatives. Your work will directly support Regal Rexnord's aggressive growth targets, with a particular focus on supporting new product development (NPD), value add value engineer (VAVE), and advancing our supply chain optimization efforts.

Responsibilities

• Develop and maintain cost models to support key decisions in new product development (NPD) and ongoing supply chain operations. Analyze the total cost of ownership (TCO) across the supply chain, including procurement, manufacturing, transportation, and warehousing.
• Identify and implement cost-saving opportunities within Regal Rexnord's global supply chain. Leverage data analytics to monitor cost trends, assess cost impacts, and recommend actionable improvements in key supply chain processes.
• Partner with engineering, product development, and sourcing teams during the new product development process to assess and minimize the cost impact of new products on the overall supply chain. Develop cost structures for new product introductions and validate supply chain strategies for production scalability and cost efficiency.
• Lead and support continuous improvement efforts across the supply chain, focusing on driving down costs without compromising quality, lead times, or customer satisfaction. Implement Lean, Six Sigma, and other process improvement methodologies to enhance supply chain efficiency.
• Budgeting & Reporting: Support the development of annual supply chain budgets and track performance against cost targets. Provide regular cost performance reports, highlighting areas of concern and opportunities for cost reduction.

• Risk Assessment & Mitigation: Proactively assess potential cost risks across the supply chain, including fluctuations in raw material prices, transportation costs, and regulatory changes, and develop strategies to mitigate these risks.

• Performance Metrics: Develop and monitor key performance indicators (KPIs) related to supply chain costs, such as cost per unit, cost to serve, and total landed cost. Analyze performance and recommend corrective actions when necessary.

Qualifications

• BA or BS degree in Supply Chain/Operations Management, Industrial Engineering, Business Administration or related field.
• 3 years' of experience in supply chain cost engineering, supply chain management, or a related field, ideally in manufacturing or industrial settings.
• Proven success with cost-reduction strategies.
• Experience with large scale project management across multiple functional teams.
• Experience working with new product development (NPD) teams and understanding the cost implications of product lifecycle management.
• Proven experience in cost modeling, cost estimation, and financial analysis within the supply chain context.
• Familiarity with supply chain management systems, ERP platforms (SAP, Oracle), and advanced data analysis tools (Excel, Power BI, Tableau).

Travel

• Up to 25% of time spent traveling is needed.

• Medical, Dental, Vision and Prescription Drug Coverage

• Spending accounts (HSA, Health Care FSA and Dependent Care FSA)

• Paid Time Off and Holidays

• 401k Retirement Plan with Matching Employer Contributions

• Life and Accidental Death & Dismemberment (AD&D) Insurance

• Paid Leaves

• Tuition Assistance

Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, age, ancestry, national origin, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you'd like to view a copy of the company's affirmative action plan or policy statement, please email Recruiting@RegalRexnord.com. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail Recruiting@RegalRexnord.com.

Equal Employment Opportunity Posters

Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.