
Cost Optimization Specialist
12 hours ago
Role Overview:
- Ensure timely cost settlement of CCPM projects, covering sheet metal, machined, rubber, and plastic parts.
- Protect margins on part costs as per internal customer requirements.
Responsibilities:
- Cost settlement with suppliers using Zero Base Costing (ZBC) and Total Cost of Ownership (TCO) methodologies.
- Monthly commodity monitoring for expenses analysis.
- Raw material price amendments on a monthly, quarterly, or half-yearly basis.
- Visit suppliers to assess their capabilities on cost drivers, including labor skill matrices, electricity utilization, process control, and raw material planning.
- Optimize input raw materials and post-operation expenses.
- Negotiate Machine Hour Rates (MHRs) with suppliers for press, CNC, VMC, and coating processes at competitive pricing.
- Generate cost-saving ideas through spend analysis.
- Settle supplier claims and negotiate with proper analysis.
Knowledge Requirements:
- Process understanding in drawing, forming, machining, surface finishing, and other areas.
- Understanding of raw material grades and their properties.
- Quality systems knowledge, including IATF 2016, APQP, PPAP, FMEA, SPC, and MSA core tools.
- Expertise in process details and machine MHR rates.
- Familiarity with AUTOCAD and 3D software.
- Knowledge of location-wise lander labor rates, landed electricity charges, and their breakups.
- Ability to enhance productivity and efficiency using skill set enhancement methodologies.
- Understanding of Line Balancing, KANBAN, JIT, and TQM techniques.
- Knowledge of existing tax structures and legal compliance.
- Strong analytical skills in costing.
- Presentation and communication skills.
- Negotiation and interpersonal skills.
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