Chief Cost Optimization Specialist

3 days ago

Gurgaon, Haryana, India beBeeCostManagement Full time ₹ 1,20,00,000 - ₹ 1,60,00,000
Cost Management Specialist

As a Costing Manager, you will be responsible for overseeing and optimizing the costing process for the company's products. Your key objectives include managing raw material pricing with suppliers, calculating material consumption using scientific methods, finalizing labor costs based on work content analysis, and negotiating with vendors to achieve cost-effective pricing while maintaining quality standards.

Key Responsibilities:

  • Raw Material Pricing: Review cost breakdowns received from suppliers and validate product specifications and cost elements.
  • Labor Costs: Calculate labor costs based on work content analysis, wage structure, and overhead costs.
  • Material Consumption: Use scientific methods to calculate material consumption and ensure accuracy and cost-efficiency.
  • Vendor Negotiations: Negotiate with vendors to achieve the best possible pricing while maintaining quality standards.
  • Market Research: Conduct market research and product cost analytics to stay updated on trends and competitor pricing.

Requirements:

  • Bachelor's or Master's degree in Finance, Accounting, or a related field.
  • Minimum of 8 years of experience in costing, procurement, or a similar role in the industry.
  • Proficiency in cost analysis, vendor negotiations, market analysis, and margin management.
  • Advanced knowledge of Microsoft Excel or similar tools for cost analysis and reporting.
  • Strong negotiation and communication skills.
  • Ability to work cross-functionally with teams.

What We Offer:

  • A challenging role with opportunities for growth and development.
  • A collaborative and dynamic work environment.
  • The opportunity to work with a team of experienced professionals.

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