Genuine Parts Company

Senior Manager, Cost Management

Genuine Parts Company • $110K — $130K *
Atlanta, GA 30349Hybrid
Manufacturing & Automotive
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Engineering, Business, Finance, or related field; MBA or advanced degree preferred.
  • Minimum 7+ years of experience in cost management and procurement.
  • 5+ years of extensive experience in supplier contract negotiation and cost control initiatives globally.
  • Strong financial acumen and proficiency in advanced Excel modeling and analysis tools.
  • Demonstrated ability to lead cross-functional teams in cost reduction projects.

Responsibilities

  • Lead end-to-end management of a multi-billion-dollar procurement process.
  • Identify cost optimization opportunities and drive cross-functional value capture initiatives.
  • Conduct high-stakes supplier negotiations to achieve cost-saving goals without compromising quality.
  • Create and maintain detailed cost models for accurate product cost forecasting.
  • Collaborate with engineering on teardown analysis to enhance cost model precision.
  • Develop negotiation strategies that align with overall procurement objectives.
  • Lead yearly budget developments focused on strategic cost management goals.

Benefits

  • Professional development opportunities and mentorship.
  • Cross-functional collaboration with diverse teams.
  • Strategic leadership in cost optimization and procurement initiatives.
  • Dynamic, fast-paced work environment with room for independent contributions.
Full Job Description
Job Overview

The Senior Manager of Cost Management will lead and oversee NAPA's strategic efforts to optimize cost of goods sold (COGS) across the product portfolio. This role is responsible for developing and leveraging advanced cost models, performing variance analysis, and monitoring global costs to manage product cost inflation and deflation. The position will spearhead cost reduction initiatives via supplier negotiations, detailed cost validations, and cross-functional collaboration with Category Management, Engineering, Sourcing and Pricing teams. As a strategic leader, this role will identify value enhancement opportunities and drive continuous cost improvement across global supply chains in alignment with business objectives.

Key Responsibilities

Cost Management
  • Lead end-to-end cost management of multi-billion-dollar procurement from a diversified, multi-tier global supplier network
  • Identify opportunities for cost optimization and lead cross-functional teams to consistently achieve year-over-year value capture.
  • Lead complex, high-stakes data driven supplier negotiations to secure the lowest total acquisition cost without compromising operational requirements.
  • Develop and implement advanced tools and processes to improve cost analysis, reporting accuracy, and stakeholder communications.

Cost Modeling
  • Lead the creation and maintenance of detailed cost models to analyze and forecast product cost changes.
  • Collaborate closely with engineering teams during product teardown and shouldcost modeling to understand cost drivers and enhance model precision.


Negotiation Strategy and Supplier Engagement
  • Develop and execute comprehensive negotiation strategies to secure optimal terms and cost structures with global suppliers.
  • Lead high-stakes supplier negotiations, leveraging market insights and cost analysis to drive cost savings without compromising quality or service.
  • Partner with sourcing and category teams to align negotiation approaches with overall procurement and business objectives.


Tenders & Sourcing Strategy
  • Partner with Category and Sourcing teams to refine sourcing strategies by leveraging global cost insights.
  • Work cross-functionally to capture comprehensive total cost of ownership data to establish accurate baselines for procurement initiatives.
  • Provide expert guidance and mentorship within the organization on best practices related to cost management.

Budget and Initiative Management
  • Lead the development of yearly budgets focused on cost-out targets, aligning financial goals with strategic cost management plans.
  • Oversee and drive cost reduction initiatives throughout the year to achieve budget objectives, monitoring progress and adjusting actions as necessary.
  • Collaborate with finance and cross-functional teams to track budget performance and report on variances and outcomes.


Leadership Responsibilities and Traits
  • Lead, manage, and develop a dedicated team of cost management professionals, fostering collaboration, accountability, and continuous professional growth.
  • Conduct regular performance evaluations, provide constructive feedback, and support career development plans for direct reports.
  • Demonstrate ownership and accountability for cost management results, actively driving key initiatives with minimal oversight.
  • Exhibit strategic thinking to anticipate risks and opportunities in global costs and supply chains, enabling proactive decision-making.
  • Coach and develop team members by sharing knowledge, encouraging continuous learning, and promoting a culture of high performance.
  • Act as a trusted advisor to senior leadership by delivering insightful cost analyses and actionable recommendations.
  • Manage multiple priorities effectively, balancing short-term tactical needs with long-term strategic objectives.
  • Lead and influence cross-functional teams by fostering collaboration, clear communication, and alignment toward common cost reduction goals.


Required Qualifications and Experience
  • Bachelor's degree in Engineering, Business, Finance, or related field; MBA or advanced degree preferred.
  • Minimum 7+ years of progressive experience in cost management, procurement, global sourcing, manufacturing cost estimation, or product cost analysis.
  • Extensive experience (5+ years) in supplier contract negotiation and cost control initiatives at a global scale.
  • Strong financial acumen and proficiency in advanced Excel modeling and data analysis tools.
  • Demonstrated ability to lead cross-functional teams and manage multi-million-dollar cost reduction projects.
  • Experience with global commodity markets, indices, and sourcing strategies is highly desirable.
  • Solid understanding of manufacturing processes, supply chain dynamics, and product cost drivers.
  • Excellent communication, organizational, and project management skills.


Preferred Attributes
  • Automotive industry experience is desired.
  • Ability to work independently in a fast-paced, team-oriented environment.
  • Strong analytical thinking, problem-solving, and decision-making skills.
  • Proactive leadership style with a focus on collaboration and driving measurable results.


Physical Demands and Work Environment
  • Typical office environment with moderate noise levels.


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About Genuine Parts Company

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company operates in four: Automotive Parts Group, Industrial Parts Group, Office Products Group and Electrical/Electronic Materials Group. The Automotive Parts Group distributes automotive parts and accessory items. In addition to over 427,000 available part numbers, the Company offers inventory, cataloging, marketing, training and other programs in the automotive aftermarket. The Industrial Parts Group is operated as Motion Industries, Inc. (Motion), a wholly owned subsidiary of the Company. During the year ended December 31, 2012, the Company's business were conducted throughout the United States, in Canada and in Mexico from approximately 2,000 locations. On February 1, 2012, the Company acquired Light Fabrications Inc.

Genuine Parts Company Careers

There has never been a more exciting time to explore job opportunities at Genuine Parts Company, a global leader in the distribution of automotive and industrial parts. Our team is growing, and we are looking for skilled professionals eager to drive innovation and lead in the industry. Work You’ll Do Join Genuine Parts Company’s dynamic team to help advance our mission of distributing quality parts and services across the globe. As part of our team, you will engage in meaningful work that supports automotive and industrial advancements and sustainability. Transform your career with opportunities for growth and leadership in a company that values diversity and inclusion. At Genuine Parts Company, we believe in empowering our employees with the tools and training necessary to excel in their professional journey. Lead with Impact At Genuine Parts Company, you are positioned to lead at the intersection of industry expertise, operational excellence, and digital innovation. Work alongside a dedicated team of over 50,000 employees worldwide who are committed to fostering a culture of collaboration and innovation. Collaborate with industry experts and enhance your professional network through our extensive networking events and professional development programs. Our commitment to diversity training ensures an inclusive environment where all ideas are valued. Introducing Genuine Parts Company Career Development We are committed to building a supportive environment where you can grow your career. Genuine Parts Company offers a variety of job opportunities, from entry-level positions to leadership roles, each with competitive benefits and the potential for growth. Do Innovative Work Join a team where innovation is at the heart of everything we do. Genuine Parts Company is a place where you can bring your unique skills and perspectives to tackle challenging projects and drive significant impact. Be Part of a Great Team Experience a culture that champions teamwork, leadership, and professional growth. Our team at Genuine Parts Company thrives on collaboration and the shared pursuit of excellence in the automotive and industrial sectors. Future-Proof Your Career Advance your career with Genuine Parts Company, where we offer a range of job opportunities and the support you need to succeed. From internships to full-time positions, our roles are designed to challenge you and foster your professional growth. Explore Discover the various career paths available at Genuine Parts Company and find the perfect match for your skills and interests. Whether you are updating your resume, preparing for an interview, or seeking a leadership role, we provide the resources to support your aspirations. The Genuine Parts Company Difference Our commitment to innovation, leadership, and diversity sets us apart in the industry. Join us and contribute to a team that is dedicated to providing outstanding service and quality parts to our customers worldwide. Stay Connected Join Our Team Search open positions that match your skills and interest. We look for passionate, curious, creative, and solution-driven team players. SEARCH GENUINE PARTS COMPANY JOBS Keep Up to Date Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. READ CAREERS BLOG Job Alert Emails Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities that await at Genuine Parts Company.
Learn more about Genuine Parts Company
Size
52,000 employees
Market Cap
$24.7 billion
Industry
Manufacturing & Automotive
Net Income
-$29.1 million
Founded
1925
5 Year Trend
+4.2%
Revenue
$16.5 billion
NASDAQ
GPC
* Ladders Estimates

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