11 Cost Benchmarking Jobs

As a member of the costing team in the electrical switchboard building industry, your role is pivotal in ensuring accurate and efficient cost management. Your performance will be measured against various Key Performance Indicators (KPIs) designed to evaluate and enhance the team's effectiveness: Cost Accuracy: Your ability to provide precise cost estimates that closely align with actual costs incurred during the production of electrical switchboards is crucial for maintaining budgetary alignment. Cost Variance: Monitoring and analyzing the differences between estimated costs and actual costs for each project will enable you to identify areas where improvements in estimating accuracy can be made. Profit Margins: Calculating profit margins on projects by comparing revenue generated with total costs incurred will ensure that the costing team contributes to maintaining healthy profit margins. Cost Efficiency: Your role involves evaluating the team's efficiency in controlling and minimizing costs while upholding quality standards. Comparing the cost of goods sold (COGS) against revenue generated will be a key metric. Material Cost Tracking: Ensuring accuracy in estimates related to material costs is essential for providing realistic and precise projections for raw materials. Labor Cost Efficiency: Assessing labor costs by comparing estimated costs with actual time spent on projects will help identify opportunities for improving labor productivity. Overhead Costs: Tracking and managing overhead costs associated with switchboard production, such as facility costs, utilities, and administrative expenses, is essential for cost control. Cost-to-Sales Ratio: Calculating the ratio of total costs to total sales will indicate the effectiveness of cost management and profitability. Quote-to-Order Conversion Rate: Your success will be measured by the percentage of quotes that convert into actual orders, reflecting effective pricing strategies and competitiveness in the market. Supplier Negotiation Effectiveness: Evaluating your ability to negotiate favorable terms with suppliers will directly impact the overall cost structure. Time-to-Quote: Your efficiency in preparing and delivering quotes to potential clients will influence customer responsiveness and competitiveness in the market. Cost Benchmarking: Comparing costs of switchboard production with industry benchmarks and competitors will provide insights into your efficiency and competitiveness. Regularly reviewing these KPIs will enable you to identify areas for improvement, optimize processes, and contribute to the overall success and profitability of the electrical switchboard building business. Adapt these KPIs to align with the specific goals and challenges faced by your organization. This is a Full-time, Permanent position with benefits including cell phone reimbursement, provided food, health insurance, paid sick time, paid time off, and Provident Fund. The work schedule is a Day shift with a Yearly bonus. The work location is in person.,

As a Sourcing Manager for electrical parts and bought-out assemblies, you will be responsible for developing and executing sourcing strategies to ensure the availability of quality components while maintaining cost-effectiveness. Your role will involve identifying and qualifying new suppliers, driving supplier development, and leading cost optimization initiatives through negotiations and benchmarking. Building strong relationships with key suppliers and monitoring their performance will be crucial in ensuring supplier reliability and component quality. Collaboration with engineering, quality, and production teams will be essential for making informed sourcing decisions, localizing components, and finalizing Bill of Materials (BOM). You will need to stay updated on market trends, raw material prices, and technological advancements to adapt sourcing strategies accordingly. Adherence to internal procurement policies, quality management systems, and coordination with planning teams for managing lead times and demand forecasting will also be part of your responsibilities. Your background should include a Master's/Bachelor's degree in Electrical Engineering, Electronics, or a related technical discipline, along with 5-8 years of experience in sourcing, procurement, or supply chain roles focusing on electrical and bought-out parts. Strong negotiation skills, analytical abilities, and a solid understanding of electrical components and technical specifications are essential. Proficiency in MS Office, ERP systems, and knowledge of global sourcing practices and import/export regulations are required. Excellent interpersonal, communication, and supplier relationship management skills will be key to your success in this role. In addition to overseeing vendor qualification, tooling approval processes, and initial sampling for new components, you will be responsible for negotiating commercial terms, managing contracts, and identifying sourcing risks to ensure business continuity. The role is full-time with benefits including health insurance and Provident Fund. The work location is in person with a day shift schedule. If you believe you meet the qualifications and are interested in this opportunity, please contact 9310699721 to further discuss your application.,

About River: River is an electric vehicle company building multi-utility scooters. At River, were building scooters of tomorrow for the ambitious youth of today. Because we believe people only need two things to achieve success: the desire to make it to the top, and the means to get there. With our flagship product River Indie, SUVofScooters, is designed to help you get things done. Engineered to be a dependable ally on your road to success. We are backed by marquee international investors - these are mobility focused funds backed by Yamaha Motors, Al-Futtaim Automotive Group, Toyota VC and Maniv Mobility. Key Responsibilities: You will be responsible to spearhead the spare parts division. Prepare SOP for Parts operation (Ordering process, Discrepancy management etc.) Prepare parts training module for new dealership teams & team members. Parts catalogue preparation & updation. Ensure parts function is fully operational for new workshops. Parts target planning & achievement. Adherence to govt. guidelines for parts operations. (MRP tags, scrapping policy for batteries etc.) Cost benchmarking for competitive pricing. Parts projection submission to supply chain team on monthly basis. Increase First pick ratio to 90%. Share part projections for every quarter. Spare training manual preparation. Ideal Candidate: B.E/B. Tech with 10+ years of experience in spare parts operations from an automotive background. Excellent communication skills and people skills. Technical understanding of spare parts, Able to do multi-tasking. Show more Show less

You will be responsible for Capital Goods /Indirect Material Procurement, including negotiations, costing & negotiation target setting for Capital Goods. You will conduct industry visits for Cost Benchmarking and coordinate with Production Engineering, R&D, and other internal stakeholders to define BOQs, requirements, and specifications of capital goods. In terms of technical and functional skills, you should possess strong interpersonal skills, the ability to analyze data and propose strategies, strategic thinking to suggest long-term solutions, a 360-degree approach to business situations, and a strong execution orientation with a problem-solving approach. On the behavioral front, you are expected to have very strong communication and presentation skills, be target-oriented, a team player, possess networking skills for benchmarking data activities, and have the ability to work within strict timelines. The essential requirement for this position is a BE/B-Tech degree, while a BE/B-Tech/MBA degree is desirable. Your functional area will be CPR1 Capital Procurement (Production Engineering).,

As a Project Manager at DrinkPrime, your primary responsibility will be to lead and coordinate the development of an "Ops Lite" delivery model. This model is designed to reduce operating costs while enhancing SLA and SOP adherence. Your role will involve conducting market and internal benchmarking of low-cost ops models, collaborating with cross-functional stakeholders to gather process inputs, and evaluating existing SOP complexity for simplification. You will also be coordinating short pilot experiments, tracking their performance, and publishing monthly reviews for the COO and management on Ops Lite progress. Additionally, you will work closely with finance for impact analysis of Ops Lite experiments. The ideal candidate for this role should have at least 3 years of experience in consulting, business analysis, or transformation projects. Exposure to field ops would be advantageous. Strong proficiency in Excel is a must, and experience in cost benchmarking, service design, or SOP redesign is desirable. You should possess the ability to work with ambiguity and align stakeholders without direct authority. Key qualifications include experience dealing with blue-collar workers, understanding the need for reducing fixed costs when expanding into new cities, and the capability to coordinate between production, support, sales, and ops teams to facilitate the implementation of the operations model. It is important to note that this role is not a team management position and will not directly oversee city operations. This is a full-time position that requires in-person work at the designated location. The expected start date for this role is 01/08/2025. Join us at DrinkPrime and be a part of our mission to make safe drinking water accessible and affordable to every resident in India.,

Roles & Responsibilities : - Assessing the activities of order Costing and order execution. - Analyzing and justifying differences in Cost estimate and current costs of the orders. - Consolidation and reviewing of Actual Vs estimated cost. - Providing timely support to the management with required data for decision making. - Collaborating closely with Finance team for various cost assessments, cost reduction, bench marking costing and provide actionable insights. - Take Costing initiatives, including Cost Structure Changes, cost reduction and core cost analysis and Cost benchmarking. - Should possess strong cross functional understanding to know the impact of changes in costs and to minimize the gap between Forecast Vs. Actual. - Ability to engage, guide, influence and challenge multiple stake holders across departments. Core Competencies Result driven with Strong logical, analytical Capacity. Strong problem solving and troubleshooting Skills. Proficiency in financial software and Microsoft Excel Excellent communication and interpersonal skills Qualification : CMA -Inter / CMA Qualified Experience : 12 -15 Years Location: Yeshwanthpur, Bangalore interested candidates to share your cv to recruitment@gokaldasexports.com

Prepare cost estimates from drawings, BOQs, and tenders. Coordinate with procurement and finance teams. Lead quantity forecasting, cost control, estimation activities. Generate reports and ensure compliance with quality, legal, and safety standards. Required Candidate profile BE Civil Engineer with 3+ years in quantity and cost estimation. Skilled in AutoCAD, Excel, MS Word. Strong in analysis, teamwork, and coordination across departments and project functions.

Civil projects Procurement & Negotiation Costing & Nego target setting for Civil Items Industry visits for Cost Benchmarking Coordination with CIVIL, Utilities and many other internal stake holders for defining BOQs, requirements and specifications of capital goods & CIVIL Items Technical/ Functional : Strong inter personal skills Ability to analyze the data and propose strategies. Strategic Thinking and propose long term solutions 360 degree approach to business situations Strong execution orientation and problem solving approach

Techno commercial knowledge: Rubber Parts like Weather strips, Roof Molding, Hoses etc, NVH Parts like Carpet, Roof Lining, Dash Silencers etc. Seating systems including Seat mechanisms. Desirable Costing, quote analysis, making costing & negotiation strategies and negotiation with suppliers. Teardown & functional analysis, cost estimation, part level cost benchmarking Generation of innovative value enhancement & design to cost proposal. Should be good in generation of cost/weight reduction & new technology ideas. Should be having good communication skills [Verbal/Written/Reports etc.] Should be self-initiator, team player and passionate about analysis and design intent. Competencies: Functional Knowledge of manufacturing processes. Understanding of Cycle times in above mentioned commodities Problem Solving skills, Exposure to UG-NX Analyze drawings of above-mentioned commodities. Understanding of Broad level Business Processes Managerial Plan and schedule activities in advance. Ability to communicate with Peers/Vendors/Machine Makers etc. Positive attitude with willingness to undertake new initiatives

Job Responsibilities: 1. Hands on experience on design, drawing preparation, budget estimation, tender, offer evaluation of Utilities constituting 132/ 11 KV power distribution system, electrical substation with transformers, VCB / SF6/ MOCB, Relays, battery charger, bus duct, bus trunking, in plant wiring, lighting, illumination, earthing, building management system, SCADA, PLC. 2. Basic understanding of mechanical utilities. 3. Person with experience in leading a project team will be preferred. 4. Good understanding of basic engineering and its working process so as to impart technical guidance to team members / contractors for completing the job in schedule and with least cost and effort. 5. Understanding of various government regulation and sound knowledge of National Building Code (NBC), Electrical Rules, Electricity act, etc. 6. Drawing preparation in AutoCAD. 7. Having good knowledge of project safety system, safety at project site, electrical safety system. Technical/ Functional: 1. Conceptualization of project evaluation, preparation of specification, project approval, cost estimation, tender, technical evaluation, negotiation, design checking, monitoring, quality check, operation and maintenance of utilities. 2. Project monitoring, understanding of process, designs drawings, understanding of latest technologies and software. 3. Shall be responsible for conceptualization, design, order and effective execution of electro-mechanical utilities for various infrastructure projects of MSIL. Behavioral: 1. Able to lead a team so as to achieve company objective with least effort 2. Development of team of young engineers to achieve the same.

Analyze cost factors and drivers related to automotive components, systems, and processes. Develop cost models and targets for automotive projects, considering materials, labour, and overhead expenses. Collaborate with cross-functional teams to identify cost-saving opportunities and value engineering solutions. Monitor and track RM/ Fx trend to identify cost reduction opportunities. Stay updated on industry trends, market dynamics, and regulatory requirements affecting automotive manufacturing costs. Support Purchase team in negotiating with suppliers to achieve optimal pricing and contractual terms. Participate in cost benchmarking activities to assess competitiveness and identify areas for improvement. Assist in the development of cost management strategies and continuous improvement initiatives. Communicate effectively with internal stakeholders and external partners to ensure alignment on cost objectives and priorities.