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