Cost Estimation Specialist

ROLES AND RESPONSIBILITIES:

Quotation execution:

• Assist in developing and maintaining a standardized internal quotation process to ensure efficiency and consistency, including creating and maintaining product cost models that accurately reflect data.
• Collaborate with department heads and team leads to gather the necessary information and pricing data for quotations.
• Assist in analyzing product/service costs, market conditions, and competitive factors to determine pricing strategies.
  
  • Prepare the final costed BOM, with detailed costing, including comparing different suppliers, new process when applicable, and strategy.
• When necessary, request quotes from suppliers to obtain equipment prices, setting the best MOQ/ACQ and cost

Documentation and Record-Keeping:

• Maintain a well-organized database of internal quotations, pricing models, and historical data.
• Ensure all quotations are accurately documented and archived for reference and audit purposes.

Cross-Functional Collaboration:

• Work closely with various departments, including Sales, Marketing, Finance, and Product Development, to provide timely and accurate quotations that align with business objectives.
• Act as a liaison between departments to address any discrepancies or special requests related to quotations.
• Hand over the quotation to MFG, explaining the pricing, strategy, and supplier selection.

Quality Control:

• Do a systematic review of the quotes before submitting them to avoid errors.
• Perform handover to manufacturing to explain assumptions and criteria used on the quote to minimize variance.

Use Quotes Data to Support Forecasting and Demand Planning:

• Leverage historical quotation data and pricing trends to support forecasting and demand planning efforts.
• Collaborate with the demand planning team to provide insights that contribute to accurate inventory management and production planning.

Training and Development:

• Provide training and guidance to new team members involved in the quotation process to ensure adherence to best practices and standard procedures.

EXPERIENCE & EDUCATION :

REQUIRED

• 8+ years of experience in cost estimation and/or project management
• Diploma or Bachelor's Degree in Engineering, Manufacturing, Business Management, or related field or 5+ years working experience in Manufacturing Quotations.

SKILLS & ABILITIES :

• Ability to create cost models that capture accurate information.
• Ability to strategically and provide insight on pricing strategies.
• Budgeting and cost control methods
• Cost estimating techniques
• Knowledge of Microsoft Office applications such as Word, Excel, and Outlook
• Solid understanding of the manufacturing process, materials, and technology