Job Duties and Responsibilities

& Responsibilities:

• Manage & lead all cost engineering-related tasks for the designated project scope.
• Collaborate with Strategic Buyers, Category Managers, NPI Teams, Product & Design teams to achieve cost targets and sourcing strategy goals through proactive efforts.
• Expertly analyze costs, manufacturing processes, and material/supplier differences using cost methodologies, tools, and software models.
• Analyze costs and discover potential savings for both current and new parts/products through a cost reduction investigation.
• Maintain reliable and accurate data related to raw materials, processes, machines, labour rates etc. relevant to the scope of work.
• Requires knowledge of Cost estimation software\xe2\x80\x99s such as \xe2\x80\x9caPriori\xe2\x80\x9d or Costimator.
• Analyze supplier manufacturing process, infrastructure and quotes and provide arguments with data to aid communication with suppliers and customers and achieve cost optimization.
• Participate in supplier meetings and negotiations to challenge prices and aim for cost reductions to meet target costs.
• Take end-to-end responsibility for the full scope interacting with all internal and external stakeholders as required.
• Collaborate with buyers to enhance best practices in the supplier process by drawing on past expertise.
• Work with all BU cross functional teams to achieve cost targets for NPD & existing products.
• Work with Design team for Design optimization to reduce the cost of new products.
• Internal communication and maintaining project related documentation.
• Excellent in written, verbal, presentation, planning, and problem-solving skills.
• Cost analysis without prototypes. & Input for design improvements.

Minimum years of experience
16 - 18 years of relevant experience in any of this domain. (Casting -1, Forging \xe2\x80\x93 1, Stampings \xe2\x80\x93 1, Gears \xe2\x80\x93 1, Machining & Powder metals -1
Plastics & Rubber \xe2\x80\x93 1, Motors & Inverters -1, Wiring, electrical & Electronics -1)

Nature of experience

• Costing of components and assemblies in Mfg.
• Process and product mfg. knowledge in Digital Environment.

Educational Qualifications: BE / M.E. in Mechanical/Production /Electrical & Electronics Eng from reputed university.