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- Assist in preparing cost estimates for new and existing products using excel, costimator, apriori, DFMA, etc..
- Understanding of different manufacturing processes
- Support value analysis/value engineering (VAVE) initiatives to identify cost-saving opportunities
- Collaborate with design, procurement, and production teams to gather cost-related data
- Knowledge of sourcing activities like RFQ, quote comparison etc will be additional benefits
- Maintain and update cost models and BOM (Bill of Materials) cost sheets
- Analyze material, labor, and overhead costs and report variances
- Participate in supplier cost breakdown reviews and benchmarking exercises
- Help prepare monthly cost reports, forecasts, and budget comparisons
- Ensure compliance with internal financial policies and industry standards