Should Costing Officer (Nagpur)

Role Overview:As a Sr. Officer in Should Costing at GMG Factory W82, you will play a vital role in analyzing and estimating the optimal cost of parts, components, or systems based on various factors such as material, manufacturing processes, labor, logistics, and overheads. Your main responsibility will be to support procurement and design teams in achieving cost transparency, supplier negotiations, and product cost reduction.Key Responsibilities:- Develop accurate cost models based on BOMs (Bill of Materials), manufacturing processes, and labor Estimate material, labor, overhead, and logistics costs using cost engineering tools.- Compare supplier quotes with internal cost models to assess fairness.- Benchmark costs across suppliers, geographies, and industry standards.- Support sourcing and procurement teams in negotiations by providing fact-based cost insights and challenging supplier quotations with detailed cost breakdowns.- Collaborate closely with design, engineering, procurement, and finance teams to optimize cost early in product development.- Identify and recommend opportunities for cost improvement through design simplification, material substitution, or process changes.- Utilize cost modelling software (e.g., aPriori, SAP, Costimator) and maintain cost Prepare detailed cost reports, including assumptions and justifications, and document findings to stakeholders clearly.Qualification Required:- Bachelors degree in engineering (Mechanical, Electrical, Industrial, or related field).- Minimum 3 years of experience in cost engineering, manufacturing, or sourcing.- Robust understanding of manufacturing processes such as machining (CNC/VMC/Conventional), die casting (PDC/GDC), injection moulding, stamping, packing, and assembly.- Proficiency in cost modelling tools, ERP systems, and Microsoft Excel.- Excellent analytical, negotiation, and communication skills.- Familiarity with should-cost tools like aPriori, Teamcenter Product Costing, or similar is an added benefit (not a must-have requirement). Role Overview:As a Sr. Officer in Should Costing at GMG Factory W82, you will play a vital role in analyzing and estimating the optimal cost of parts, components, or systems based on various factors such as material, manufacturing processes, labor, logistics, and overheads. Your main responsibility will be to support procurement and design teams in achieving cost transparency, supplier negotiations, and product cost reduction.Key Responsibilities:- Develop accurate cost models based on BOMs (Bill of Materials), manufacturing processes, and labor Estimate material, labor, overhead, and logistics costs using cost engineering tools.- Compare supplier quotes with internal cost models to assess fairness.- Benchmark costs across suppliers, geographies, and industry standards.- Support sourcing and procurement teams in negotiations by providing fact-based cost insights and challenging supplier quotations with detailed cost breakdowns.- Collaborate closely with design, engineering, procurement, and finance teams to optimize cost early in product development.- Identify and recommend opportunities for cost improvement through design simplification, material substitution, or process changes.- Utilize cost modelling software (e.g., aPriori, SAP, Costimator) and maintain cost Prepare detailed cost reports, including assumptions and justifications, and document findings to stakeholders clearly.Qualification Required:- Bachelors degree in engineering (Mechanical, Electrical, Industrial, or related field).- Minimum 3 years of experience in cost engineering, manufacturing, or sourcing.- Strong understanding of manufacturing processes such as machining (CNC/VMC/Conventional), die casting (PDC/GDC), injection moulding, stamping, packing, and assembly.- Proficiency in cost modelling tools, ERP systems, and Microsoft Excel.- Excellent analytical, negotiation, and communication skills.- Familiarity with should-cost tools like aPriori, Teamcenter Product Costing, or similar is an added benefit (not a must-have requirement). .