Costing Executive

4 days ago

Coimbatore, Tamil Nadu, India Rabwin Industries Private Lmit Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Role & responsibilities

  • Cost Estimation and Analysis:
  • Prepare accurate cost estimates for the manufacturing of products, including material costs, labor costs, overhead costs, and any other cost factors.
  • Analyze historical cost data, current market conditions, and supplier quotations to derive cost-effective solutions.
  • Continuously monitor cost trends and provide cost forecasts to management.
  • Collaboration with Production & Procurement Teams:
  • Work closely with the production and procurement departments to understand the technical requirements and sourcing needs of materials and components.
  • Liaise with suppliers to obtain cost quotes for raw materials, components, and outsourced processes.
  • Evaluate production methods and propose improvements to reduce manufacturing costs without compromising product quality.
  • Bill of Materials (BOM) Management:
  • Develop and maintain accurate Bill of Materials (BOM) for each product, ensuring that all components and their associated costs are included.
  • Monitor and update BOMs based on changes in product design, materials, and manufacturing processes.
  • Cost Modeling:
  • Utilize cost estimation software/tools to create detailed cost models for manufacturing products.
  • Identify key cost drivers and prepare cost breakdowns to determine the most cost-effective production methods.
  • Product Pricing:
  • Support the pricing team by providing detailed cost information that will inform product pricing decisions.
  • Assist in cost reviews and adjustments based on production schedules, market conditions, and financial objectives.
  • Reporting and Documentation:
  • Prepare detailed cost estimation reports and presentations for management, highlighting key cost components and areas for potential savings.
  • Maintain accurate and up-to-date records of all cost estimates, quotations, and supplier agreements.
  • Continuous Improvement:
  • Continuously evaluate the efficiency of the cost estimation process and recommend improvements.
  • Monitor industry trends, best practices, and new technologies that can impact cost estimation and manufacturing efficiency.
  • Cross-Functional Communication:
  • Communicate effectively with other departments, including engineering, finance, production, and quality control, to ensure that cost estimates align with operational capabilities and business objectives.
  • Address any discrepancies or challenges in cost estimates and resolve them promptly.

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