l To operate, update and support organisation business process aimed at maintenance of the organisations Cost System in line with the requirements of the Cost Accounting Standards.
l To support Quotation/Pricing Workflow process, including but not limited to monitor and maintaind the RFQ Master details also to report the RFQ Vs Actual for TMD Exports related Quotes
l To Analyse Capacity and Utilisattion of Man/Machine/materials and support for Strategic pricing/ business growth
l To Develop Reporting NPD Stage wise COP and Target Cost Achivement Coordinate with IT and complete the developments.
l To Analyse Expenses into Fixed and Variable and Link to Capacity Utilisation and Provide analytical for Strategic pricing
l To analyze WIP value and coordinate with concerned to regularize the long pending WIP Review of Manufacturing Process
l To Monitor and report the unit performance in line with cost parameters report the Cost of Production Trend
l To understand , Manage and monitor the costing system TMD and coordinate for preparing Cost audit Report Other Statutory Compliances
l To Implement Departement profit Centre Concept for TMD ( Reporting of Net Value addition of both production and service Departments)
l To Coordinate for NPD Target costing approach and analyse and reprot ther NPD COP from Project conceptulsiation to final end of the product periodically
l To do a Cost Roll Up for assigned components and raw material and report the actual landed cost,Work Order Variance Item Cost Variance Analysis to ensure reporting of Accurate Cost by the user departments
l To Visit Factoroy regulary, understand the business process, mfg process make necessary changes in system to provide accurate cost roll up of product
l To Understand NPD Process of TMD Products and periodical reporting for NPD profitabiltiy, Cost Vs Target Cost, from product inception to final life cycle end of the product
l To implement Current costing Tools like ABC/ Bill of Toolings ( Wherever applicable) , Capacity Planning or Other Tools to improve the Data analytical and support for developmemnt of Decision support System
l Able to read Financial Statement analysis and do reconciliation of Costing and Financial Profit statement on periodical basis. Preparation of MIS on Cost/Profitability of Products and Services/process value addition
l To Develop Decision support system relating to Cost Management functions at the unit Level/ Corporate Level and To Implement new Costing Tools relevant to Unit Level Costing
l Assist in preparation of Cost Audit Report including automation of Reports
l Implementation of Activity Based Costing System in the respective unit, create model for each function and report
l Report productwise cost roll up
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📌 Team Member - Cost Management (Coimbatore)
🏢 Lakshmi Machine Works (LMW)
📍 Coimbatore
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