Qualification and Experience: BE and Preferably MBA with relevant experience in costing, sourcing/ purchase, analytics. Well versed in MS excel/ ppt/ PowerBI.
Location - Mumbai
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 prospects
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.