Cost Optimization Specialist

12 hours ago


Vizag, Andhra Pradesh, India beBeeNegotiator Full time ₹ 20,00,000 - ₹ 35,00,000

Job Title : Costing Specialist

The primary role involves optimizing input raw material and post-operation expenses through effective commercial settlements.

  • Key Responsibilities :
    • Cost settlement with suppliers adhering to Zero base costing (ZBC) and Total cost of ownership (TCO) methodologies.
  • Raw Material Prices Monitoring :
    • Regularly monitor monthly commodity prices for analysis and optimization.
  • Vendor Management :
    • Evaluate supplier capabilities on cost drivers and areas for improvement to ensure cost-effective commercial settlements.
  • Commodity Sourcing :
    • Identify opportunities to optimize raw material sourcing and post-operation expenses.

Requirements :

  • Knowledge :
    • Process understanding of draw, forming processes, machining processes, and surface finishing processes.
    • Understanding of raw material grades and their applications.
    • Quality systems - IATF 2016 system knowledge, core tools including APQP, PPAP, FMEA, SPC, and MSA.
  • Skills :
    • Analytical skills in costing and financial analysis.
    • Presentation and communication skills for effective stakeholder engagement.
    • Negotiation skills for commercial settlements.

Performance Indicators :

  • Ensure timely completion of CCPM project costs settlements.
  • Protect margins as per internal customer requirements.


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