1. Qualification and Experience: BE and Preferably MBA with relevant experience in costing, sourcing/ purchase, analytics. Well versed in MS excel/ ppt/ PowerBI.
2. Location - Mumbai
3. Description of the Job:
- Responsible for generating & maintaining a pipeline of ideas for cost optimization, regular spend analysis & cost analysis to prioritize focus areas for cost saving opportunities
- Regular internal and external product benchmarking as well as review of industry and market trends
- Should have technical knowledge and process know-how that is required for validation of costs.
- Proficient and hands -on experience in costing should cost and ZBC.
- Continuous review of vendor cost sheets and computation of should-be costing basis BOM
- Identify alternate vendors & sourcing options for the different product categories
- Ensure cross-functional coordination and standardization of processes and costs across divisions
- Maintain a cost savings tracker & responsible for validating the actual accruals against accrual plan
- Closely work with the PL teams to create implementation plan for the identified initiatives
- Continuously monitor the implementation status and upfront identify any deviations, including root cause analysis and formulation of catch-up plans along with the PL team
- Support in vendor negotiation and personally engage with vendors to support in implementation of value engineering initiatives, on-boarding for e-procurement etc.
- Main deliverables will be cost saving through cost sheet analysis, standardization and should cost/ ZBC.