DEPARTMENT
Design & Development
MAIN PURPOSE OF THE JOB
The Design Estimation and Costing Specialist will analyse design outputs, gather raw material costs, and prepare accurate cost estimates for pre-quotation pricing. This role ensures that the sales team has reliable pricing data to submit competitive quotes to customers.
KEY ACCOUNTABILITIES
KEY RESULTS
- Accurate Costing: Deliver precise cost estimates with minimal variance from actual production costs.
- Timely Data Delivery: Provide the sales team with cost estimates promptly to support quick quote submissions.
- Collaborative Efficiency: Ensure smooth collaboration with design and purchase teams for accurate and efficient cost calculations.
- Quotation Success: Contribute to higher quotation success rates by providing competitive and well-calculated prices.
KEY ACTIVITIES
- 1. Review requirement sheet or technical specification provided by the sales team.
- 2. Review design outputs provided by the Electrical and Mechanical design teams.
- 3. Analyze the required materials, components, and processes needed to produce the final product.
- 4. Gather up-to-date raw material costs from the Purchase team and other relevant sources.
- 5. Develop detailed and accurate cost estimates based on design outputs and raw material prices.
- 6. Include considerations for labor, production overheads, and any other relevant costs.
- 7. Prepare comprehensive cost breakdowns and ensure all estimates align with the company's pricing strategies.
- 8. Provide the sales team with the final list price based on the cost estimates.
- 9. Ensure that all cost data is clearly documented and presented for easy understanding by the sales team.
- 10. Support the sales team in refining quotes if there are changes in customer requirements or market conditions.
- 11. Work closely with the Electrical, Mechanical, and Purchase teams to ensure accuracy in cost estimation.
- 12. Communicate effectively with all stakeholders to ensure alignment between design, costing, and pricing.
- 13. Continuously evaluate and improve the costing process to enhance accuracy and efficiency.
- 14. Maintain detailed records of all cost estimates and related documentation.
- 15. Prepare reports on cost estimation activities, highlighting any variances or discrepancies.
EXPERIENCE & QUALIFICATIONS
Qualification (Must/Desirable): B.E. / B. Tech in Electrical Engineering
Experience: Min. 2 years of experience in cost estimation, pricing, or a similar role within a manufacturing environment of an electrical product such as Transformers, Panels, Cables, switchgear, etc.
SPECIAL SKILLS
- Strong analytical skills with the ability to accurately assess costs and pricing.
- Excellent communication skills, both written and verbal.
- Proficiency in Microsoft Excel and experience with ERP systems like SAP Business One is an advantage.
- Attention to detail and a high degree of accuracy in work. Collaborative team player with a proactive approach to work.