
Product Cost Optimization Specialist
1 week ago
We are seeking a seasoned Costing Engineer to join our team. As a key member of our production department, you will be responsible for managing and optimizing the cost structure of our operations.
Key Responsibilities- Ensure timely cost settlement with suppliers for sheet metal, machined, rubber, and plastic parts.
- Protect profit margins on part costs in accordance with internal customer requirements.
- Settle costs with suppliers using Zero Base Costing (ZBC) and Total Cost of Ownership (TCO) methodology.
- Monitor commodities monthly and analyze expenses to identify areas for cost reduction.
- Amend raw material prices as necessary, either monthly, quarterly, or half-yearly.
- Visit suppliers to understand their capabilities on cost drivers and identify areas for improvement.
- Optimize input raw materials and post-operation expenses to minimize costs.
- Settle Machine Hour Rates (MHR) with suppliers for press, CNC, VMC, and coating processes at competitive prices.
- Develop and implement strategies to reduce expenses and generate cost-saving ideas.
- Negotiate with suppliers based on thorough analysis and data-driven insights.
- Process understanding: drawing, forming, machining, surface finishing.
- Raw material grades understanding.
- Quality systems knowledge: IATF 2016, core tools APQP, PPAP, FMEA, SPC, MSA.
- Rubber, injection molding, and blow molding process understanding.
- Machine MHR rates and raw material rates understanding.
- AUTOCAD and 3D software knowledge.
- Location-wise labor and electricity charge knowledge.
- Skill set enhancement methodology for productivity and efficiency improvement.
- Line balancing, KANBAN, JIT, and TQM technique knowledge.
- Tax structures and legal compliance knowledge.
- Opportunity to work with a dynamic team in a fast-paced environment.
- Chance to develop and enhance skills in cost management and optimization.
- Competitive compensation package including salary and benefits.
Please submit your application along with your resume and cover letter to us.
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