
Cost Manager
4 days ago
Cost Manager
Eligibility Criteria:
- Years of Exp : Min 8~12 yrs in commodity management in Engg / Manufacturing Industry
Job Experience:
- Commodity Mgmt, Commercial Negotiations, Costing and familiarity with Semiconductor, Automotive, Electrical Equipment Manufacturing or high-technology supply management practices, standards and organizations.
- Business & technical understanding of Manufacturing & Assembly processes related to Mechanical, Electrical Components such as Fittings, Tubing, Valves, Regulators, MFCs, Weldments, Machining, OEMs Proprietary etc
Educational: BE/B.Tech in Mechanical / Electrical / Industrial Engg. MBA will be an added advantage.
Primary Responsibilities:
- Responsible for establishing & Driving Commercial Strategic commodity vision, evaluating supplier cost & managing relationship to drive projects to achieve goals of global cost efficiency.
- Determine cost targets during design & development phase, recommending cost effective solutions. Investigate and identify cost reduction opportunities. Ensure smooth and cost effective transition.
- Establish costing of products, production & assembly processes, tooling costs and review alternatives. Put forward recommendations for improvement. Use Zero based costing /cost breakdowns.
- Negotiate cost increase from suppliers related to RM , Process, Labor & other input cost to mitigate impact
- Utilize cost methodologies, appropriate tools & software models & packages to prepare and maintain reliable and accurate data. Contribute to cost monitoring and reporting systems and procedures and monitor trends
- Assess cost effectiveness of products & track actual costs relative to targets & report status on a regular basis to ensure costs are in line with forecasts.
- Research and analyze various commodities for function to price and price to cost evaluation.
- Continuously scan markets & global landscape to explore and evaluate strategic & cost-effective suppliers.
- Evaluate new suppliers considering their organization capabilities, Technology expertise, Production capabilities, Financial performance, customer orientation & Supply chain robustness.
- Works cross-functionally with Engineering, Sourcing, manufacturing, Procurement, finance, & product support
- Coordinate with finance/accounting for inventory, cost savings & cash flow management.
- Define & monitor metrics in line with AOP objectives relative to supplier cost performance, monitor against the expectations to ensure continuous improvement; then drives team to address and close gaps to meet objectives.
- Provide inputs to Commodity Sourcing strategy to deliver best cost targets.
- Supplier Performance Management through Score cards and other related parameters.
- Encourage and coordinate early supplier involvement on new product designs using the suppliers expertise to optimize cost and manufacturability.
- Strong Negotiation skills. Manage commodity spend by Negotiation/Mitigation of Price increases. Plan & Execute cost reduction strategies through Negotiations, Material cost reductions, Alternate sourcing, technology changes.
Mandatory Skills & Requirement:
- Raw material indexation (LME, SME (Knowledge of Raw material grades), scrap cost)
- Knowledge of zero-based cost model / Cost breakdown.
- Understanding of component cost structure (Fixed, variable cost, Industry benchmark for overhead and profit)
- Machine hour rate calculations. Cost of Capital. Inventory carrying cost
- Labor rates across globe. (Min wages, skilled, unskilled manpower rates, payroll, contract)
- Packaging cost calculation & transportation cost estimates.
- Special process cost estimates (Powder coating, painting, plating, passivation, cleaning) welding, laser cutting etc.
- Market benchmarking
- Proven ability to gain partnerships & excel in working & leading in a cross-functional environment with NPI, Product Development, manufacturing, quality as well as procurement, finance, and product support.
- PowerPoint and presentation skills.
- Proven experience of strong analytical and problem-solving skills with history of successful resolution
- Exhibit attention to detail, sense of urgency and ability to handle multiple tasks in fast paced environment
Desirable Skills & Requirement:
- Proficient in Data Analytics & Presentation Skills
- Six sigma green belt or above is a plus
-
Costing Manager
2 weeks ago
Bengaluru, Karnataka, India WTP Cost Management Full time ₹ 15,00,000 - ₹ 25,00,000 per yearRole & responsibilitiesApplies knowledge and understanding of the principles of quantification and costing of construction works as a basis for the financial management of contracts including: • Demonstrating an understanding of the various standard methods of measurement • Quantifying construction works at various stages of a project • Producing...
-
Costing Manager
2 weeks ago
Bengaluru, Karnataka, India RGBSI Full time ₹ 15,00,000 - ₹ 25,00,000 per yearHiring for Strategic Commodity Manager ( Cost Manager) for Bangalore Immediate joiners to 15days of notice period. Qualification-B.E in Mechanical. Experience- 10-14years max. Skills must-Vendor Selection, Procurement of Proto parts ( Sheet metal+ Casting+ Plastic),Cost Negotiation ,Vendor audit, Joint quality check at vendor end . Skills-Candidate has...
-
Manager Plant Costing
5 days ago
Bengaluru, Karnataka, India Jindal Aluminium Full time ₹ 15,00,000 - ₹ 25,00,000 per yearRole & responsibilitiesCosting & AnalysisOversee preparation and validation of product costing sheets for all plant-manufactured items (extrusions, rolled products, castings, alloys, etc.).Monitor and analyze raw material costs (metals, scrap, alloys), utilities (power, gas, water), direct/indirect labor, depreciation, and overhead allocation.Conduct...
-
QS & Costing Manager
2 weeks ago
Bengaluru, Karnataka, India CHARGEINFRA Full time ₹ 15,00,000 - ₹ 25,00,000 per yearJob Summary:We are seeking an experienced QS and Costing Manager to lead our planning and costing functions for construction projects. The successful candidate will have a strong background in project planning, cost management, and team leadership.Key Responsibilities:Project Planning: Develop and manage project schedules, resource allocation plans, and...
-
QS and Costing Manager
6 days ago
Bengaluru, Karnataka, India Charge Infra Pvt Ltd Full time ₹ 70,80,000 - ₹ 4,09,00,000 per yearJob Title: QS and Costing ManagerReports to: Senior Manager/Director - Project ManagementLocation: BangaloreJob Summary:We are seeking an experienced QS and Costing Manager to lead our planning and costing functions for construction projects. The successful candidate will have a strong background in project planning, cost management, and team leadership.Key...
-
Manager Product Costing
6 days ago
Bengaluru, Karnataka, India Jindal Aluminium Full time ₹ 17,50,000 - ₹ 25,00,000 per yearRole & responsibilitiesPrepare and maintain detailed product costing sheets for various metal products (extrusions, castings, sheets, rods, alloys, etc.).Analyze raw material costs (aluminium, copper, steel, alloys), direct/indirect labor, power & fuel, overheads, and other variable/fixed expenses.Conduct variance analysis between standard cost, actual cost,...
-
Senior Cost Manager
2 weeks ago
Bengaluru, Karnataka, India Turner & Townsend Full time ₹ 6,00,000 - ₹ 12,00,000 per yearCompany Description Company Details:Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries.Working with our clients across real estate, infrastructure, energy, and natural resources, we transform together delivering outcomes that improve people's lives. Working in partnership makes it possible to deliver...
-
Senior Cost Manager
2 weeks ago
Bengaluru, Karnataka, India Turner & Townsend Full time ₹ 20,00,000 - ₹ 25,00,000 per yearCompany Description Company Details: Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries. Working with our clients across real estate, infrastructure, energy, and natural resources, we transform together delivering outcomes that improve people's lives. Working in partnership makes it possible...
-
Senior Cost Manager
6 days ago
Bengaluru, Karnataka, India Turner & Townsend Pty Limited Full time ₹ 5,00,000 - ₹ 12,00,000 per yearCompany DescriptionCompany Details:Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries.Working with our clients across real estate, infrastructure, energy, and natural resources, we transform together delivering outcomes that improve people's lives. Working in partnership makes it possible to deliver...
-
Senior Cost Manager
6 days ago
Bengaluru, Karnataka, India Turner & Townsend Full time ₹ 12,00,000 - ₹ 36,00,000 per yearCompany DescriptionCompany Details:Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries.Working with our clients across real estate, infrastructure, energy, and natural resources, we transform together delivering outcomes that improve people's lives. Working in partnership makes it possible to deliver...