Cost Manager

RGBSI; Ahmedabad District; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

RGBSI is seeking a Cost Manager in India with 10+ years in commodity management within engineering and manufacturing sectors. You will steer the commercial strategy, evaluate suppliers, and drive cost efficiency across design, development, and production, ensuring timely transitions and cost targets.

Responsibilities include establishing cost targets, conducting cost analyses, and coordinating with finance for inventory and cash flow. Strong negotiation and analytical skills are essential.

Qualifications

• Extensive commodity management and costing expertise in Engg/manufacturing environments.
• Strong understanding of manufacturing/assembly processes related to mechanical and electrical components.
• Proven ability to drive cost-reduction projects and negotiate with suppliers.

Responsibilities

• Establish and drive commercial strategic commodity vision and supplier relationships.
• Determine cost targets during design and development; identify cost-reduction opportunities.
• Costing of products, production, tooling; review alternatives and recommend improvements.
• Negotiate cost increases with suppliers to mitigate impact on RM, processes and labor.
• Use costing methodologies and tools to maintain data and monitor trends.
• Track actual costs vs forecasts and report status regularly.
• Coordinate with finance for inventory, cost savings, and cash flow management.
• Lead cross-functional collaboration with engineering, sourcing, manufacturing, and finance.

Skills

Commodity Mgmt

Costing

Negotiation

Cross-functional liaison

Cost modelling

Market analysis

Data analysis

Education

BE/B.Tech in Mechanical / Electrical / Industrial Engg.

MBA an added advantage

Job description

Cost Manager

Eligibility Criteria:

• Years of Exp : Min 10~15 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

Education

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

Looking for candidates from Immediate to 30days only