Job Description

Costing Engineer - Vendor Development - Constriction Division

Costing Engineer / Manager

Education

UG: B Tech / B E . Mechanical Engineering, Industrial Engineering, Civil Engineering

Experience: 5 to 15 Year Experience Needed

Salary : 20k to 60k PM

Opening Post 1

Job description

Role & responsibilities

Cost Analysis:

o Analyze and evaluate costs associated with materials, labor, equipment, and overheads required for SPM projects.

o Knowledge to Participate in Tender, knowledge to prepare in tender

o Implement zero-based costing principles to thoroughly assess all expenses, starting from a baseline of zero, and justify each cost item based on its necessity and contribution to project objectives.

Estimation and Quoting:

o Develop accurate cost estimates for SPM projects based on technical specifications bill of quantities (BOQ), and manufacturing processes.

o Incorporate zero-based costing methodology into the estimation process to ensure that all costs are justified and optimized for maximum value.

Value Engineering:

o Work closely with design and engineering teams to identify opportunities for value engineering to reduce costs while maintaining or enhancing product performance and quality.

o Implement zero-based costing techniques to challenge existing cost assumptions and explore innovative solutions for cost reduction without sacrificing product integrity.

Vendor Management:

o Liaise with suppliers and subcontractors to obtain competitive pricing for components, materials, and services required for SPM manufacturing.

o Apply zero-based costing principles when negotiating with vendors to ensure that costs are justified and aligned with project objectives, seeking alternative suppliers if necessary to optimize expenses.

Cost Tracking and Control:

o Develop and maintain cost tracking systems to monitor project expenditures against budgets throughout the product lifecycle.

o Utilize zero-based costing methodologies to track and control costs at every stage of the project, ensuring that expenditures are justified and aligned with project goals.

Continuous Improvement:

o Drive continuous improvement initiatives to streamline processes, reduce waste, and enhance cost-effectiveness in SPM manufacturing operations.

o Integrate zero-based costing principles into continuous improvement efforts to challenge existing cost structures and identify opportunities for further optimization and efficiency gains.

Preferred candidate profile:

Bachelor's degree in Mechanical Engineering, Industrial Engineering, Civil Engineering or related field

Proven experience in cost estimation, cost analysis, and value engineering, preferably in the machinery manufacturing industry.

Strong analytical skills with the ability to interpret technical drawings, BOQs, and manufacturing processes.

Proficiency in cost estimation Excel, Word, PowerPoint.

Excellent negotiation and communication skills with the ability to collaborate effectively with internal teams and external suppliers.

Detail-oriented with a focus on accuracy and precision in cost calculations.

Ability to work independently and as part of a multidisciplinary team in a fast-paced environment

Job Types: Full-time, Permanent

Pay: ?20,000.00 - ?60,000.00 per month

Benefits:

• Health insurance
• Life insurance
• Provident Fund

Schedule:

• Day shift

Supplemental pay types:

• Overtime pay
• Shift allowance

Experience:

• Project engineering: 10 years (Preferred)

Work Location: In person