Cost Optimization Specialist
3 weeks ago
At Cyient DLM, we are seeking a skilled Cost Optimization Specialist to drive our cost-reduction programs and improve win rates with new RFQs.
The ideal candidate will be responsible for driving cost optimization, managing AVL, consolidating the supplier base, and improving credit terms.
Key Responsibilities:
- Communicate with Sales/Front-end team on all RFQs and meet timelines.
- Manage and improve purchase price variances.
- Ability to drive formalized process improvement initiatives.
- Perpetually monitor and dispose of all excess and obsolete inventory with program management.
- Develop and manage cost reduction plans.
- Work with company sourcing teams on cost review and price analysis quarterly.
- Coordinate Customer RFQs.
- Monitor and improve material profitability.
- Negotiate with suppliers directly on credit terms & price reduction.
- Attend customer and supplier meetings as required.
Requirements:
- Must possess excellent data mining and analytical skills.
- Advanced Microsoft Excel and PowerPoint Skills.
- Must be detail-oriented and a team player.
- Experience in SAP ERP is an added advantage.
- Good negotiation skills.
- Relationship management.
Internal Interface: Sales/Bid Management/Engineering, Finance and leadership team.
External Interface: Customers, Suppliers.
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