Chief Cost Optimizer

4 days ago

Kota, Rajasthan, India beBeeCost Full time ₹ 80,00,000 - ₹ 1,40,00,000

Job Opportunity: Cost Optimization Specialist

Description:

The ideal candidate will possess a strong understanding of costing methodologies, including Zero Base Costing (ZBC) and Total Cost of Ownership (TCO). They will be responsible for settling costs with suppliers, monitoring commodity expenses, and analyzing raw material prices.

  • Settle costs with suppliers using ZBC and TCO methodologies.
  • Monitor commodity expenses and analyze raw material prices.
  • Optimize input raw material and post-operation expenses.

Key Responsibilities:

  • Cost settlement with supplier as per Zero base costing (ZBC) and Total cost of ownership (TCO) methodology.
  • Monthly commodity monitoring for commodity expenses and analysis.
  • Raw material prices - amendment Monthly / Quarterly / Half yearly.
  • Visit supplier to understand his capability on cost drivers (Labor skill matrix, Electricity effective utilization, Process control, raw material planning with forecasting efficiency) & areas of improvements like (Rejection level, efficiency matrix, workflow losses, shop floor management, waste elimination) for cost effective commercial settlements.
  • Spend analysis for generating cost saving ideas.
  • Suppliers claim settlements & negotiate with proper analysis.

Requirements:

  • Process understanding (Draw, forming processes, Machining processes, Surface finishing processes).
  • Understanding of Raw material grades.
  • Quality systems - IATF 2016 System knowledge -Core tools- APQP, PPAP, FMEA, SPC , MSA.
  • Process understanding = Rubber/Injection Molding/Blow molding.
  • Understanding of Process details and machine MHR rates.
  • Understanding of Raw material rates.
  • Knowledge of AUTOCAD / 3D Software, has some experience.
  • Knowledge of location wise lander labor rate, landed electricity charges along with their details break ups.
  • Knowledge of skill set enhancement methodology to improve productivity & efficiency for commercial aspects.
  • Knowledge of Line balancing, KANBAN, JIT & TQM technique & there usage in commercial aspects.
  • Knowledge of existing tax structures & legal compliance.

Benefits:

Ensuring CCPM project cost settlement on time, protecting margins on part cost, and optimizing input raw material and post-operation expenses are key performance indicators.

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