Responsibilities & Key Deliverables

1. Determine cost estimate targets during the design and development process, recommending cost effective solutions

2. Establish cost estimates of production processes and review alternatives or put forward recommendations for improvement

3. Assess cost effectiveness of products and track actual costs relative to budget and report status on a Regular basis to ensure costs are in line with forecasts

4. Monitor and review data and information to detect or assess problems

5. Investigate and identify cost reduction opportunities through BOM cost analysis and review mechanism

6. Contribute to cost monitoring and reporting systems and procedures and monitor trends

7. Prepare cost and expense statements, reports and other necessary documentation at regular intervals to support proper decision making in the business processes.

8.Material cost savings validation through proper mechanism.

9. Support Purchase dept. in sourcing strategies such as vendor mix evaluation and compare prices from different sources .

11.Inventory management, valuation, and control.

12. Inventory analysis of slow and non moving aging etc., giving scope for effective use of working capital.

13. Liaising with Statutory auditors and internal auditors on inventory related activities

14. Manage operations associated with Controlling, Budgeting and Costing.

15. Handling Cost Audit

16.Monthly MIS Inventory and BOM analysis, costing reports

Experience

5-10 years

Industry Preferred

Qualifications

General Requirements