Manager-PCL The Product Cost Manager owns end-to-end costing, financial validation, and strategic cost optimization across multiple product lines. This role acts as a critical cross-functional driver, deploying advanced cost engineering methodologies like Should Costing , Target Costing , and Value Analysis/Value Engineering (VAVE) to secure competitive business cases Key Responsibilities Cost Modeling &

- Analysis Lead Should Costing : Develop process-based bottom-up cost models analyzing raw materials, labor, overhead, and supplier margins.

Manage Target Costing : Define and drive material cost targets across early-stage designs and product modifications.

Maintain Cost Workbooks : Own the product cost database, Bills of Materials (BOMs), and qualified supplier pricing sheets.

Perform Variance Tracking : Conduct routine standard vs. actual cost analyses to flag margin erosion or price fluctuations.

Strategic

Sourcing &

- Supplier Negotiation Support Negotiations : Provide fact-based commercial analytics to procurement teams for aggressive supplier negotiation.

Quote Benchmarking : Evaluate raw supplier quotations against internal manufacturing data and industry standards.

Drive Localization : Identify alternative local sourcing networks to minimize logistics risks and tariff overheads.

Conduct Supplier Audits :



Visit supplier manufacturing facilities to assess production processes and optimize pricing transparency. [ 1 , 2 , 3 ] Cross-Functional Strategy &

- Optimization Drive VAVE Programs : Spearhead design-to-cost initiatives, teardowns, and material substitutions with engineering teams.

Automate Cost Digitization : Implement and scale automated costing software and AI analytics across the production pipeline.

Formulate Executive Reports : Deliver monthly cost forecasts, market trend analysis, and business case presentations to senior leadership.

Candidate

Profile &

Qualifications Education &

Experience Degree : Bachelor’s or Master's degree in Mechanical Engineering, Electrical Engineering, Industrial Engineering, or Finance.

Experience : Typically requires 5 to 12 years in technical sourcing, manufacturing costing, or product development.

Industry Focus : Prior experience in automotive Technical Skills &

- Systems ERP Mastery : Extensive, hands-on user experience with SAP MM/FICO Modules or equivalent ERP suites.

Cost Tools : Proficiency in Product Lifecycle Management (PLM) cost software like Siemens Teamcenter Product Cost Management or Deltek MPM.

Data Analytics : Expert-level mastery of Advanced Excel (Macros, Power Pivot) and Power BI dashboard creation.

Lean Methodologies : Deep comprehension of Kaizen, Six Sigma, and cost-effective manufacturing processes.

Experience Level Mid Level

📌 Product Cost Manager (Pune)
🏢 Mahindra and Mahindra
📍 Pune