- Perform Zero-Based Costing (ZBC) for casting, forging, sheet metal, fabrication, alloy steel, and hardware components.
- Conduct should costing and cost estimation for current product development and engineering change requests (ECNs).
- Prepare and analyze Bill of Materials (BOM) costing for accurate budgeting.
- Calculate machine hour rates, tooling costs, and manufacturing norms through physical verification and process analysis.
- Drive cost reduction initiatives using VAVE (Value Analysis & Value Engineering), benchmarking, and supplier resourcing.
- Collaborate with cross-functional teams (Design, Purchase, and Manufacturing) to meet technical and commercial objectives.
- Finalize manufacturing processes and cost norms with suppliers.
- Ensure raw material indexing as per quarterly updates and market trends.
- Analyze and optimize manufacturing processes to improve efficiency and reduce costs.
- Conduct supplier visits for process validation and cost negotiation.
Key Skills & Competencies
- Strong knowledge of product costing, ZBC, and should costing
- Expertise in machining processes and manufacturing technologies
- Experience with casting, forging, fabrication, and sheet metal components
- Proficiency in MS Excel, and costing tools
- Strong analytical and negotiation skills
- Understanding of VAVE, benchmarking, and cost optimization techniques