Hiring Manager at Consulting Pandits
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Should Cost Modeler - Automobile Industry (5-10 yrs)
Responsibilities:
- You will develop detailed cost models for various automobile components, ensuring accurate and competitive pricing analysis.
- We expect you to collaborate with cross-functional teams including engineering, procurement, and finance to collect necessary data for model creation.
- You shall lead benchmarking activities by analyzing competitor costs, materials, processes, and technologies to identify opportunities for cost reduction.
- You will present your findings and recommendations to stakeholders in a clear, concise manner to support strategic decision-making.
- We expect you to continuously monitor market trends and economic factors that could impact material costs and adjust models accordingly.
- You shall validate and refine existing cost models based on feedback from production experiences and supplier negotiations.
- We expect you to conduct thorough feasibility studies and provide cost estimates for new product initiatives or modifications to existing products.
- You will maintain comprehensive documentation of all costing methodologies, assumptions, and sources to ensure transparency and reproducibility.
Requirements:
- You must develop and maintain accurate should-cost models for various automotive components by analyzing cost drivers, material specifications, and manufacturing processes.
- We require you to collaborate closely with engineering, procurement, and finance teams to gather relevant data and ensure that cost models reflect current market conditions.
- You should demonstrate proficiency in using cost estimation software and tools to produce detailed breakdowns of costs associated with parts and assemblies.
- Your role involves reviewing supplier quotes and proposals to identify cost-saving opportunities and discrepancies against our internal should-cost estimates.
- We expect you to provide actionable insights and recommendations to the sourcing team based on your cost analysis findings to support effective negotiation strategies.
- You will be responsible for continuously monitoring industry trends and technological advancements to update and refine cost models accordingly.
- It is essential that you prepare comprehensive reports and presentations summarizing cost analysis results and deliver these findings to stakeholders across multiple departments.
- You must possess strong analytical skills to interpret complex data sets and derive meaningful conclusions that contribute to our overall cost optimization goals.
Skills:
- Cost Analysis
- Data Modeling
- Supplier Negotiation
- Financial Forecasting
- Value Engineering
- Automobile Industry Knowledge
- Benchmarking Techniques
- Price Estimation
- Material Costing
- Analytical Thinking