Role Summary
This role involves estimating costs associated with manufacturing processes, including materials and labor and other expenses. It requires a strong understanding of manufacturing processes, routing, material and technical specifications, and commercial aspects such as vendor capabilities and raw material costs. The ideal candidate should have a keen eye for detail, strong analytical skills, and the ability to collaborate effectively with all departments and Interco as required.
Responsibilities
Estimate comprehensive product cost based on materials, Labor and subcontract expenses
Review product specifications and requirements, ITP and prepare and update routing for production processes to determine accurate costing.
Prepare detailed reports and presentations on cost estimates for stakeholders
Review and initiate updation of material standard costs in SAP ERP.
Analyze cost data and provide recommendations for cost optimization and manufacturing process improvements to ensure consistency and transparency.
Knowledge on additive manufacturing, Casting/Forging, and Machining process will be an added advantage.
Implement and monitor cost variance, cost-saving initiatives and best practices.
Stay up to date on market trends and fluctuations in the cost of raw materials.
Set up cost monitoring and reporting systems and procedures and monitor trends.
Prepare actual cost and expenditure statements, reports and other necessary documentation at regular intervals to share with relevant stakeholders.
Show the full description
Co-ordinate with supply chain teams to negotiate favorable terms with suppliers.
Maintain documentation of all cost estimation activities and data.
Assess cost effectiveness of products and track actual costs relative to budget and report status on a regular basis to ensure costs are in line with forecasts
Preferred Experience / Skills
Degree: Engineering in Mechanical/ Production Engineering.
Experience: 5+ years of experience in project cost estimation in automotive industry and manufacturing/engineering environment.
Thorough knowledge of manufacturing processes, routing, material specification and quality requirements.
Strong commercial acumen with experience in vendor management and raw material sourcing.
Proficiency in cost estimation and scientific analysis tools.
Results orientated and organized with the ability to plan and deliver against deadlines
Excellent analytical and problem-solving skills.
Strong communication and interpersonal skills.
Experience of delivering results through cross-functional working
Proficient in SAP ERP, Power BI and Microsoft Office- Excel.
