Material Cost Strategist

7 days ago


Chennai, Tamil Nadu, India ZF Group Full time

Company Overview

ZF Group, a leading global technology company, is seeking an experienced Material Cost Strategist to join our team.

Salary and Benefits

The successful candidate will be offered a competitive salary of ₹20,00,000 per annum, along with a comprehensive benefits package.

Job Description

As a Material Cost Strategist, you will be responsible for analyzing material costs and identifying opportunities for cost reduction. Your tasks will include:

  • Tracking inflation rates for raw materials and components, and negotiating with suppliers to obtain the best possible prices;
  • Monitoring commodity price movements and adjusting inventory levels accordingly;
  • Developing strategic plans to reduce material costs and improve profitability;
  • Preparing monthly and annual forecasts of material costs;
  • Completing cost audit reports and ensuring compliance with financial regulations;

Required Skills and Qualifications

To be successful in this role, you will need:

  • A bachelor's degree in finance, accounting, or a related field;
  • At least 4 years of experience in material costing or a related field;
  • Strong analytical and problem-solving skills;
  • Excellent communication and negotiation skills;
  • Ability to work independently and as part of a team;

Benefits

In addition to the competitive salary and benefits package, we offer:

  • A dynamic and supportive work environment;
  • Opportunities for professional growth and development;
  • A comprehensive health insurance plan;
  • A retirement savings plan;
  • Generous paid time off and holidays;


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