Cost Manager

RGBSI; Bengaluru; On-site; INR 2,500,000 - 4,000,000; Full time

Job summary

RGBSI is seeking a Cost Manager in Bengaluru to lead commercial strategic commodity initiatives and drive global cost efficiency. You will evaluate supplier costs, manage relationships, and steer projects toward cost reduction while ensuring smooth transitions during design, development, and production.

The role requires 10–15 years in commodity management within engineering/manufacturing, strong negotiation skills, and expertise in cost modelling and data analytics.

Qualifications

• Experience of 10–15 years in commodity management in engineering/manufacturing.
• Strong cost management, supplier cost evaluation and negotiation capabilities.
• Knowledge of costing methods, BOMs and cost breakdown structures.

Responsibilities

• Establish and drive commercial strategic commodity vision and supplier relationships.
• Set cost targets during design and development, identify cost reduction opportunities.
• Costing of products, tooling, production and assembly processes with alternatives.
• Negotiate supplier costs to mitigate RM, process, labor and input costs.
• Monitor cost performance with metrics and cross-functional teams.

Skills

Costing

Negotiation

Cost management

Zero-based costing

Data analytics

PowerPoint

Presentation skills

Analytical skills

Cross-functional

NPI involvement

Education

B.E./B.Tech Mechanical/Electrical/Industrial Engg.

MBA (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