Program Cost Optimization Specialist

1 day ago

Bengaluru, Karnataka, India beBeeCostOptimization Full time ₹ 15,00,000 - ₹ 20,00,000

Job Title:

Senior Program Cost Optimization Specialist

Description:

The successful candidate will lead the development of cost reduction strategies, collaborate with cross-functional teams to integrate cost considerations into the product development lifecycle, and perform detailed cost analysis on new designs to identify key cost drivers while maintaining a Design to Cost approach.

Responsibilities:

  • Develop and implement cost targets for new programs, prepare budgets for NPD program costs (Capex, Opex), and monitor and track product costs throughout the development process and report on variances.
  • Collaborate with engineering, sourcing, manufacturing, Product , Finance teams to integrate cost considerations into the product development lifecycle.
  • Perform detailed cost analysis on new designs, identifying key cost drivers while maintaining a Design to Cost approach and facilitate trade-off decisions to optimize product cost.
  • Assess and influence design decisions across teams to optimize the bill of materials (BOM) cost for new, redesigned, or conceptual parts and assemblies.
  • Develop and implement cost targets for new programs.
  • Prepare budgets for NPD program costs (Capex,Opex)

Requirements:

  • BE Mechanical / Electrical / Mechatronics degree with 10-15 years of experience in product companies and adept in agile way of working.
  • Good understanding of manufacturing processes like casting, machining, forging, injection moulding, sheet metal operations, fabrication, compression moulding, coating, welding etc.
  • Basic understanding of electronics and electrical systems and their functions.
  • Exposure to PCBA and wire harness manufacturing process and should costing is a plus.
  • Well versed with product development process/lifecycle in a hardware company and involvement of commercial decision-making in every step.
  • Adept at should costing/zero based costing - ability to prepare detailed costing for a part/assembly.
  • BOM preparation and understanding of EBOM or MBOM.
  • Ability to financially assess projects and activities in swim lanes (cross functions) and be the Finance vertical representative in swim lanes.
  • Experience in zero based budgeting for NPD program costs (Capex,Opex).
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Ability to work in an agile environment.

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