Determine cost estimate targets during the design and development process, recommending cost effective solutions
Establish cost estimates of production processes and review alternatives or put forward recommendations for improvement
Assess cost effectiveness of products and track actual costs relative to budget and report status on a Regular basis to ensure costs are in line with forecasts
Monitor and review data and information to detect or assess problems
Investigate and identify cost reduction opportunities through BOM cost analysis and review mechanism
Contribute to cost monitoring and reporting systems and procedures and monitor trends
Prepare cost and expense statements, reports and other necessary documentation at regular intervals to support proper decision making in the business processes.
Material cost savings validation through proper mechanism.
Support Purchase dept. in sourcing strategies such as vendor mix evaluation and compare prices from different sources .
Inventory management, valuation, and control.
Inventory analysis of slow and non moving aging etc., giving scope for effective use of working capital.
Liaising with Statutory auditors and internal auditors on inventory related activities
Manage operations associated with Controlling, Budgeting and Costing.
Handling Cost Audit
Monthly MIS Inventory and BOM analysis, costing reports
