Cost Research Specialist

2 weeks ago


Thane, India Siemens Limited Full time
JobDescription: Cost Research Specialist - Cost & Value EngineeringThe Cost research Specialist is accountable for creating a comprehensivecost information center incorporating industry representative rates and factorsfor India and other countries for more accurate costing.This involves enhancing the accuracy of cost models, ensuring to offerprecise and consistent estimates for product bottom up should costcalculations.These estimates are crucial for assessing the feasibility of CAO, productdevelopment and launch, as well as for making accurate profit forecasts viaCVE.Research knowledge will be developed:Internallythrough interaction with Procurement, Engineering, and Manufacturing Accountingor any other functions of repute wherever neededExternallyvia supplier manufacturing process audits and cost analysis and collectingrelevant data basisAccess tovarious indices, Supply Market Intelligence cockpit, corporate SCM intelligenceteams, MMR’sProfessional

(Variety of Business):At least 6 years’experience with min 3 years in cost estimation and analysisProject / Process

(Variety of Function Areas): Worked in Manufacturing or Process Industries,Mission of CVE Function:CVE Goal: Sustainable,Competitive & Profitable Products & Projects.Delivering highestcustomer value at balanced cost & environmental footprint.Responsiblefor generation of transparency in production processes along the value chain,related costs, and improvement potentials (CAO, Cost Analysis and Optimization)and supply chain productivity improvement measures (SPI)Partner ofProcurement, in particular PE, in negotiations, partner of R&D and SystemCVE in Design to Cost and Standardization (DtV)Dimensions of Function:Target costs, total Cost of product/suppliedgood, CNI, CTG and other CVE levers.Life cycle cost and related PVO for Direct andIndirect Material categories globally.Contacts(Internal/External):CVE at HQ, CVE back-end team managing TcPCM,SCM functions, in particular PE, CM, CPO, SQMCVE partners, in particular system CVEs andCorporate Commodity Engineers, CVE experts at HQCross-functional partners, in particularProduct Management, R&D, Engineering and ProductionSuppliers, in particular R&D, engineering,production.CVEs network partners across SiemensRoles &Responsibilities:The Cost researcher is accountable for creating a comprehensive cost information center incorporating industry representative rates and factors for India and other countries for more accurate costing.- This involves enhancing the accuracy of cost models, ensuring to offer precise and consistent estimates for product bottom up should cost calculations.- Maintain determined Master data in TcPCM- These estimates are crucial for assessing the feasibility of CAO, product development and launch, as well as for making accurate profit forecasts via CVE.Research knowledge will be developed:• Internally through interaction with Procurement, Engineering, and Manufacturing Accounting or any other functions of repute wherever needed.• Externally via supplier manufacturing process audits and cost analysis and collecting relevant data basis.Accountability of development of Raw materials, Labor Rates and Process rates for India and any other counties required.Ensuring up-to-date raw material rates for India by interacting with buyers, commodity Management, internal and external research.- Review respectively & calibrate data from external data sources versus Siemens procurement dataBroadening the scope of new raw material rates to facilitate the existing data precision for CVE calculations & Developing machine hour and man hour rates for India by detailed calculations.Visit suppliers (if required) and collect real time data for machines, labor etc.Reassessing current process rates through supplier auditsCreate a process to correlate and validate the accuracy and approval process of theses machine hour rate, labor rates, Raw material rates etc.Networking and mutual supportIntegrate with product-specific CVE teams in alignment with System CVE, PE, R&D , Procurement, EngineeringFoster commodity-specific CVE network and Siemens-wide knowledge exchangeFoster a "givers" mindset in Division-internal activities and contribute own expertise in cross-Divisional collaboration

What Competencieswe are looking for:The individual should have an advanced level ofknowledge in key manufacturing processes for raw materials and key conversionprocesses.They should be proficient in conducting costestimations and analysis during bids and executions.Additionally, the person must be an expert indata gathering, data management, and data analytics skills.A strong understanding of commercial knowledgeand costing knowledge is necessary.This individual should also possess a highlevel of business acumen and demonstrate cross-cultural sensitivity.



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