Cost Analyst

Crompton Greaves Consumer Electricals

8 - 10 years

15 - 20 Lacs

navi mumbai mumbai (all areas)

Posted:3 days ago| Platform:

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Skills Required

procurement product costing cost sheet cost analysis costing vendor negotiation cost optimization cost reduction

Work Mode

Work from Office

Job Type

Full Time

Job Description

Responsible for generating & maintaining a pipeline of ideas for cost optimization, regular spend analysis & cost analysis to prioritize focus areas for cost opportunities
Identify alternate vendors & sourcing options for the different product categories
Regular internal and external product benchmarking as well as review of industry and market trends
Continuous review of vendor cost sheets and computation of should-be costing basis BOM
Ensure cross-functional coordination and standardization of processes and costs across divisions
Maintain a cost savings tracker & responsible for validating the actual accruals against accrual plan
Drive updation of monthly MIS by leveraging commodity & PL team
Closely work with the PL teams to create implementation plan for the identified initiatives
Continuously monitor the implementation status and upfront identify any deviations, including root cause analysis and formulation of catch-up plans along with the PL team
Support in vendor negotiation and personally engage with vendors to support in implementation of value engineering initiatives, on-boarding for e-procurement etc.
Regular review of the supplier base to define the supplier strategy and drive supplier rationalization as required
Lead supplier performance reviews & foster improvement of supplier performance

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