
Senior Cost Estimator
8 hours ago
Job Title:
Cost Estimation SpecialistThe Cost Estimation Specialist will play a vital role in ensuring timely project cost settlement and protecting profit margins on material costs as per internal customer requirements.
Key Responsibilities:
- Collaborate with suppliers to settle costs using Zero Base Costing (ZBC) and Total Cost of Ownership (TCO) methodology.
- Regularly monitor commodity expenses and analyze trends.
- Update raw material prices quarterly, monthly, and semi-annually.
- Visit suppliers to understand cost drivers and areas for improvement.
- Optimize input materials and post-operation expenses.
- Conduct spend analysis to generate cost-saving ideas.
- Negotiate with suppliers to settle claims with proper analysis.
Requirements:
- Strong understanding of manufacturing processes, including Drawn, Formed, Machined, Surface Finished, and Injection Molding processes.
- Knowledge of raw material grades and quality systems, including IATF 2016, Core Tools, APQP, PPAP, FMEA, SPC, and MSA.
- Proficiency in AUTOCAD and 3D software, location-wise labor rates, landed electricity charges, and their break-ups.
- Ability to enhance skill sets to improve productivity and efficiency for commercial aspects.
- Familiarity with line balancing, Kanban, JIT, and TQM techniques and their application in commercial contexts.
- Understanding of tax structures and legal compliance.
Benefits:
- Opportunity to work in a dynamic environment with a focus on cost optimization.
- Professional growth and development opportunities.
- Competitive compensation package.
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