Staff Product Cost Innovation Manager

The role

You will establish and lead product cost engineering as a strategic capability within Product Sourcing. You will own the cost and value perspective across the full product lifecycle and build cost models to support product decisions.

What you will do

• Define target costs and cost architectures for new products and subsystems
• Maintain cost models for complete products and assemblies
• Create a consistent cost taxonomy and modeling methodology
• Track target, quoted, negotiated, and actual costs across the product lifecycle
• Develop scenario models for volume, geography, and sourcing strategy
• Drive design-to-cost and value engineering
• Lead value-engineering workshops with cross-functional teams
• Quantify cost, quality, schedule, reliability, and supply trade-offs
• Assess the cost impact of manufacturing readiness and capacity constraints
• Create scalable templates, databases, dashboards, and governance

Required qualifications

• 10–12+ years of experience in product cost engineering, should-cost analysis, value engineering, manufacturing engineering, strategic sourcing, supply-chain engineering, or a closely related disciplin
• Bachelor’s degree in Mechanical Engineering, Electrical Engineering, Manufacturing Engineering, Industrial Engineering, Supply Chain, or a related technical field
• Demonstrated experience costing complex, high-volume consumer electronics or wearable products across both electronic and mechanical domains
• Strong understanding of BOM structures, engineering drawings, tolerances, specifications, manufacturing processes, tooling, test, yield, labor, overhead, and supplier commercial models
• Experience developing bottom-up cost models to set targets, evaluate design alternatives, challenge supplier quotes, and drive negotiations
• Practical knowledge of electronics and PCBA cost drivers
• Practical knowledge of mechanical cost drivers
• Experience working directly with contract manufacturers, ODMs, component suppliers, and international manufacturing teams
• Ability to move between detailed technical analysis and executive-level recommendations
• Advanced Excel and data-modeling skills
• Familiarity with ERP, PLM, business-intelligence, or cost-engineering tools
• Excellent written, verbal, presentation, and stakeholder-management skills

Nice to have

• Advanced degree
• Experience with wearable technology, miniaturized electronics, sensors, batteries, RF systems, or other highly integrated consumer products
• Experience with early-phase product architecture, DFM/DFA, tolerance analysis, reliability, and NPI build phases
• Experience modeling total landed cost
• Experience with capital equipment, automation, test infrastructure, tooling amortization, and manufacturing capacity economics
• Experience creating cost databases, parametric models, automated reporting, or decision-support dashboards
• Familiarity with SQL, Python, Power BI, Tableau, or similar analytical tools
• Experience leading cross-functional cost-down portfolios with measurable annualized savings
• MBA, master’s degree, or equivalent experience in engineering, operations, finance, or supply chain

Benefits

• Competitive salary and equity packages
• Health, dental, vision insurance, and mental health resources
• An Ōura Ring of your own plus employee discounts for friends & family
• 20 days of paid time off
• 13 paid holidays
• 8 days of flexible wellness time off
• Paid sick leave
• Parental leave

Before you apply

• Not considering candidates residing in Alaska (AK), Delaware (DE), Iowa (IA), Mississippi (MS), Nebraska (NE), South Dakota (SD), West Virginia (WV), and Wisconsin (WI)

About the company

ŌURA's mission is to empower every person to own their inner potential. Their products help a global community gain knowledge of readiness, activity, and sleep quality using the Oura Ring and connected app.