2738 Cost Reduction Jobs

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7.0 - 12.0 years

5 - 10 Lacs

coimbatore

Work from Office

Work with the internal supply chain team to develop solutions that meet customer expectations and maximize business profit Monitor and forecast upcoming levels of demand Developing and implementing purchasing strategies with all Suppliers Required Candidate profile Strong quantitative and analytical skills Advanced Excel skills, a must Experience with Purchasing / Procurement of Engineer commodities like Alu Die casting , Iron Casting , Forging & Machined Parts

Posted 18 hours ago

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5.0 - 10.0 years

5 - 6 Lacs

hosur

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Support to Production & machine maintenance Familiarize with types of Equipment/Tool Knowledge of CNC Machining Reduce down time &outages Trouble shooting Cost reduction Investigate problem & Analyses root cause & derive resolutions

Posted 19 hours ago

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8.0 - 15.0 years

0 Lacs

delhi, india

On-site

Job description: PROFILE- Finance Manager (Need Candidates from Finance not from accounting) Job description: Experience - 8-15years Location- ITO, New Delhi JOB DESCRIPTION - Should be from banking or real estate sector. Conduct financial analysis, forecasting, and budgeting to support decision-making. Provide expert advice on investments, capital structure, cost control, and profitability improvement. Develop and implement financial strategies aligned with organizational or client goals. Identify and mitigate financial risks, ensuring compliance with tax laws, regulations, and reporting standards. Guide clients on business restructuring, mergers, acquisitions, or new projects. Prepare fina...

Posted 1 day ago

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10.0 - 12.0 years

0 Lacs

thane, maharashtra, india

On-site

Job Description Job Description: Commodity Manager Sheet Metal, Thermal Mechanical commodities, Busbar, Heat Sink, Hardware other Mech Commodities About The Role We are seeking a highly motivated and results-oriented Commodity Manager minimum 8 10 years of experience to join our dynamic procurement team. In this critical role, you will be responsible for eloping and executing sourcing strategies for Mechanical Commodities handling a wide range of Mechanical products Sheet Metal, Busbar, Heat Sink, Heat exchanger coils, Power Components, etc. You will play a key role in ensuring the timely and cost-effective procurement of high-quality Mechanical components to support our company's growth and...

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7.0 - 11.0 years

0 - 0 Lacs

kishangarh

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Role & responsibilities - Responsible for procurement of consumables, MRO (Maintenance, Repair & Operations) items, tools, and general engineering materials. - Identify, evaluate, and develop new vendors and suppliers for better cost efficiency and quality assurance. - Ensure timely availability of required consumables and MRO materials to avoid production downtime. - Float inquiries, prepare comparative statements, and finalize orders based on price, quality, and delivery. - Coordinate with user departments, stores, and accounts for material requirement, receipt, and payment follow-up. - Negotiate with suppliers for cost reduction, credit terms, and delivery schedules. - Maintain accurate r...

Posted 1 day ago

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6.0 - 10.0 years

6 - 9 Lacs

sonipat

Work from Office

1. Production Planning 2. Process Control 3. Quality Assurance 4. Cost Reduction 5. Root Cause Analysis 6. Supplier Coordination 7. Inventory Management 8. Lean Implementation 9. Vendor Development 10. Cost Analysis 11. 5s Implementation

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5.0 - 10.0 years

7 - 12 Lacs

nagpur, pune

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Responsibilities: Developing a safe working environment. Quality control of processes and products. Planning and execution of developmental work. Planning and execution of cost reduction of products. Handling inspection of finished goods. Control on incoming raw materials and timely evaluation. Calibration and maintenance of lab equipment. Reduction in quality complaints of products. Customization of products. Customer/ supplier visit. Adherence to ISO, QMS and Calderys systems. Coordination with Marketing / R D / Project /Application and Supply Chain. Training subordinates and monitoring their performance. Requirements: Essential: B.Tech - Ceramic with minimum 5 years of Experience in quali...

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5.0 - 10.0 years

7 - 12 Lacs

nagpur, pune

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Responsibilities: Developing a safe working environment. Quality control of processes and products. Planning and execution of developmental work. Planning and execution of cost reduction of products. Handling inspection of finished goods. Control on incoming raw materials and timely evaluation. Calibration and maintenance of lab equipment. Reduction in quality complaints of products. Customization of products. Customer/ supplier visit. Adherence to ISO, QMS and Calderys systems. Coordination with Marketing / R D / Project /Application and Supply Chain. Training subordinates and monitoring their performance. Requirements: Essential: B.Tech - Ceramic with minimum 5 years of Experience in quali...

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0.0 - 5.0 years

14 - 16 Lacs

mumbai

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Location: Mumbai Designation: Assistant Manager Your potential, unleashed. India s impact on the global economy has increased at an exponential rate and Deloitte presents an opportunity to unleash and realise your potential amongst cutting edge leaders, and organisations shaping the future of the region, and indeed, the world beyond. At Deloitte, your whole self to work, every day. Combine that with our drive to propel with purpose and you have the perfect playground to collaborate, innovate, grow, and make an impact that matters. The team Business Modelling involves building and reviewing primarily excel based models to support our clients in decision making. Our services are required for v...

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4.0 - 9.0 years

9 - 13 Lacs

bengaluru

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General Information: Job Title: AI Developer/Rapid Prototyping Engineer Location: Bangalore, India or fully remote for exceptional candidates. Employment Type: Full-Time (Onsite, Hybrid, or Remote options available) Reports to: IT Head of the Development team About Fulfillment IQ (FIQ) At Fulfillment IQ, we are transforming the future of logistics technology. As an award-winning consultancy and technology partner, we work with brands, retailers, and 3PLs to solve their most complex challenges - whether it s designing strategy, selecting the right tech stack, building custom software, or implementing enterprise platforms. Our team includes logistics experts, engineers, and strategists who bri...

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5.0 - 10.0 years

4 - 9 Lacs

mumbai

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Responsibilities & Key Deliverables Should Be Costing (SBC) of -Assly Fixtures, Testing Gauges, set up for Line assly, Leakage testing, EOL (End of Line) fixtures & SPM -Suitable for Automobile assly parts, Mechanisms, DAC (Brakes, Steering, Cooling), Electrical & Electronic assly Work with Design, Engineering, SSU, CDMM, Tier one and Toolmakers for optimum tool solution. Support Sourcing to identify cost reduction opportunities in tooling cost negotiation Set MHR for Tool Room machines, Raw Material & BOP lists Develop STD estimation cost models for tools & generate data base Support business requirements to Adhere time line requirements for the estimations Preferred Industries Automobile F...

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5.0 - 10.0 years

2 - 7 Lacs

mumbai

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Responsibilities & Key Deliverables Should Be Costing (SBC) of -Assly Fixtures, Testing Gauges, set up for Line assly, Leakage testing, EOL (End of Line) fixtures & SPM -Suitable for Automobile assly parts, Mechanisms, DAC (Brakes, Steering, Cooling), Electrical & Electronic assly Work with Design, Engineering, SSU, CDMM, Tier one and Toolmakers for optimum tool solution. Support Sourcing to identify cost reduction opportunities in tooling cost negotiation Set MHR for Tool Room machines, Raw Material & BOP lists Develop STD estimation cost models for tools & generate data base Support business requirements to Adhere time line requirements for the estimations Preferred Industries Automobile F...

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2.0 - 5.0 years

2 - 6 Lacs

unjha

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Job description Sourcing and Supplier Management Purchase Planning Negotiation Order Processing Compliance and Documentation Market Analysis Cost Management Provident fund

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12.0 - 15.0 years

13 - 17 Lacs

coimbatore

Work from Office

Your role Roles & Responsibilities: Lead the supplier identification / assessment / selection process Price negotiation & finalization Process set up at supplier end to ensure robust product quality Develop samples & prototype within the stipulated timeline Create vendor agreements Establish forecast & kanban at supplier end to reduce Inventory Material cost reduction from suppliers Identify VAVE projects and lead the implementation Define supplier capacity & initiate required actions Identify & mitigate supply continuity risks To succeed, you will need Required knowledge & Skill set GD & T Gravity die casting, Pressure die casting, Forging & Machining, Problem solving techniques Data analyt...

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2.0 - 4.0 years

2 - 4 Lacs

bengaluru

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Dear All, TRMN is looking for Junior Engineer - Purchase, Diploma Mechanical with 2 to 4 years experience in Auto Components Industry. Job Description : * Attend Daily Morning Meeting, Article parts meeting with PC & escalation of open points. * Monthly Supplier rating activities. * PO & IATF certificates from all suppliers, Validity check and follow up. * Critical Supplier Audit on monthly basis * EL parts follow up & catch up plan * Drawing distribution to supplier and receiving acknowledgement by supplier on timely manner. * Tally PO creation, Part number creation. * Purchase MIS data preparation * Tool Life monitoring & communication @supplier end * Supplier improvement follow up * Suppo...

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5.0 - 10.0 years

4 - 5 Lacs

nalagarh

Work from Office

Plan and monitor production vs targets, optimize cycle time, control costs, handle audits, ensure safety, train manpower, maintain MIS, implement CAPA, drive 5S, Kaizen, and process improvements. If interested-reach hire@hireindians.com or 8882212450 Required Candidate profile Diploma/B.Tech Mechanical with 5–10 yrs in production, OEE, CAPA, IATF 16949, SAP, and manpower handling. Strong analytical and audit skills.

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4.0 - 8.0 years

8 - 12 Lacs

noida

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Job Purpose Responsible for procurement of Goods and Services for Indirect Categories by issuing POs obeying Global Sourcing & Procurement Policies and to manage the POs until goods are received or services are confirmed by internal client, following up payments to the Supplier and resolving any issues in Procure to Pay end to end process. Responsible for abiding by sourcing strategies set in place by category management teams and for ensuring suppliers deliver effective goods and services on-time and on-quality. Collaborate with and support the regional sourcing and procurement teams and managers.Manage internal and external stakeholder communications to effectively manage new purchase orde...

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3.0 - 5.0 years

3 - 4 Lacs

chennai

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Role & responsibilities Responsible for quoting, purchase orders, managing lead times and deliveries of purchased components and assemblies to support proto-type builds, demo unit builds, and start of production. BOM analysis and processes verification in order to deliver improvements to product quality, performance and cost. Performing local supplier audit and process audit PO follow up and ensure timely delivery of raw materials as per production plan. Monitor supplier non-conformance performance, identify and drive process improvement, root cause analysis, and corrective action implementation. Proactively engage with suppliers in Early Supplier Involvement initiatives and coordinate cross...

Posted 2 days ago

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1.0 - 3.0 years

0 Lacs

gurugram, haryana, india

On-site

Achieving our goals starts with supporting yours. Grow your career, access top-tier health and wellness benefits, build lasting connections with your team and our customers, and travel the world using our extensive route network. Come join us to create what's next. Let's define tomorrow, together. Description We believe that inclusion helps us thrive and grow at United across our collaborative Finance teams consisting of Financial Planning & Analysis, Internal Audit, Treasury, Global Procurement, Controllership, Investor Relations and more. These teams provide the financial fuel that keeps our operation running from providing detailed analyses of financial planning, performance, and forecast...

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7.0 - 12.0 years

7 - 11 Lacs

mumbai

Work from Office

Source & identify good supplier, Enquiry, Comparison, Negotiation, approval, PO, follow-up for delivery, Coordinate with site for material quality/ qty confirmation, challans, Vendors payment list, Cheque, Voucher, tally entry, payments, Records etc.

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2.0 - 7.0 years

2 - 7 Lacs

ahmedabad

Work from Office

Drive procurement plans to meet production needs. Issue POs, track orders, and ensure timely delivery. Coordinate with Production, Stores, and Quality teams. Resolve supplier delays or quality issues Ensure toy safety compliance (EN-71, ASTM)

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3.0 - 7.0 years

4 - 8 Lacs

nagpur

Work from Office

Man cost control by improving productivity on line. Cost Reduction (scrap + consumable + man. Departmental Budget planning and monitoring. SPR improvement > 90. Defects data analysis and countermeasures. Market complaint Analysis, Resolution and Monitoring. Leading the Assembly manufacturing team to accomplish the control of PQCDSM. Delivery of products as per plan. Coordinate with different departments such as internal / external and vendor for improvements. New product establishment and implementation of mass production. Adhere training schedule (workers and staff. Daily Man management by closing all conflicts and disagreements. Inspiring team of workers and reviewing the work / performanc...

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2.0 - 6.0 years

3 - 7 Lacs

penugonda

Work from Office

Job Title: Buyer - Raw Material (Steel) Company Name: Kia India Job Description: As a Buyer at Kia India, you will play a crucial role in the procurement process, ensuring that the company has the necessary materials and components to maintain efficient production and meet customer demands. You will be responsible for sourcing steel commodities, negotiating contracts, and managing supplier relationships. The ideal candidate will have a strong understanding of supply chain management and procurement strategies, coupled with excellent analytical skills. Responsibilities: - Knowledge Flat Steel [Autmotive] commodity & Purchasing - Connection /networking with Steel Mill manufacturers , Steel pro...

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4.0 - 9.0 years

8 Lacs

hyderabad, chennai

Work from Office

Responsible for following established procedures in ordering, receiving, storing, distributing and payment of items Formulates an approved vendors list encompassing all categories CANDIDATE PROFILE Education and Experience 4-year bachelors degree in Fice and Accounting or related major or a minimum of 2 years experience in Purchasing or a related field CORE WORK ACTIVITIES Managing Work, Projects, Policies, and Standards for Purchasing Across Departments Generates and provides accurate and timely results in the form of reports, presentations, etc Compiles, codes, categorizes, calculates, tabulates, audits, or verifies information or data Assures sanitation compliance Assists Executive Chef i...

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3.0 - 8.0 years

5 - 10 Lacs

pune

Work from Office

Job Description Job Purpose: To be responsible for updating data system as assigned by Senior Logistics. Responsibilities: Assist in daily warehouse and shipping areas including: Filling and shipping customer orders, satisfying internal shipping requirements (technical service, vendors, etc.), ensuring accuracy of shipments and supporting documentation, receiving incoming material and routing to appropriate area or personnel, filling work orders from production, packaging assemblies and receiving into finished goods, ensuring inventory transactions are accurately logged and overseeing cycle counts and reconciliation activities Meets warehouse financial standards by providing annual budget in...

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Exploring Cost Reduction Jobs in India

The job market for cost reduction professionals in India is growing rapidly, as companies are constantly seeking ways to optimize their expenses and improve their bottom line. Cost reduction roles are in high demand across various industries, offering a lucrative career path for job seekers with a strong analytical mindset and problem-solving skills.

Top Hiring Locations in India

  1. Mumbai
  2. Bangalore
  3. Delhi
  4. Chennai
  5. Pune

Average Salary Range

The average salary range for cost reduction professionals in India varies based on experience and location. Entry-level positions typically start at INR 3-5 lakhs per annum, while experienced professionals can earn upwards of INR 10-15 lakhs per annum.

Career Path

A typical career path in cost reduction may include roles such as Cost Analyst, Cost Accountant, Financial Analyst, Cost Management Specialist, and Cost Reduction Manager. As professionals gain experience and expertise in the field, they can progress to senior leadership positions such as CFO or Director of Cost Management.

Related Skills

In addition to cost reduction expertise, professionals in this field are often expected to have skills such as financial analysis, budgeting, forecasting, data analysis, project management, and proficiency in Excel and other financial software.

Interview Questions

  • What cost reduction strategies have you implemented in your previous role? (medium)
  • How do you identify cost-saving opportunities in a company? (basic)
  • Can you walk us through a successful cost reduction project you have led? (medium)
  • How do you prioritize cost reduction initiatives within a company? (medium)
  • What tools or software do you use for cost analysis and forecasting? (basic)
  • How do you ensure that cost reduction measures do not compromise quality or efficiency? (medium)
  • What is your approach to negotiating cost reductions with vendors or suppliers? (medium)
  • How do you track and measure the success of cost reduction initiatives? (basic)
  • Have you ever faced resistance from stakeholders when implementing cost-cutting measures? How did you handle it? (medium)
  • What do you think are the biggest challenges in achieving sustainable cost reduction in a company? (advanced)
  • How do you stay updated on industry trends and best practices in cost reduction? (basic)
  • Can you describe a situation where you had to make a tough decision to achieve cost savings? (medium)
  • How do you communicate cost reduction strategies and progress to senior management? (basic)
  • What role do cross-functional teams play in implementing cost reduction initiatives? (medium)
  • How do you ensure compliance and ethical practices when implementing cost reduction measures? (medium)
  • How do you approach cost reduction in a rapidly growing company versus a more established organization? (medium)
  • Can you provide an example of a cost reduction initiative that did not yield the expected results? What did you learn from it? (medium)
  • How do you factor in risk management and uncertainty when planning cost reduction strategies? (medium)
  • How would you handle a situation where cost reduction measures negatively impact employee morale? (medium)
  • Can you explain the difference between cost cutting and cost optimization? (basic)
  • How do you handle conflicting priorities between cost reduction and revenue growth initiatives? (medium)
  • What role do technology and automation play in driving cost reduction efforts? (medium)
  • How do you ensure that cost reduction measures align with the company's long-term strategic goals? (medium)
  • How do you approach cost reduction in a global organization with diverse business units and markets? (advanced)
  • Can you provide an example of a successful collaboration with operations or supply chain teams to achieve cost savings? (medium)

Conclusion

As you embark on your journey into the world of cost reduction jobs in India, remember to showcase your analytical skills, financial acumen, and problem-solving abilities during the interview process. By preparing thoroughly and demonstrating your expertise in cost reduction strategies, you can position yourself as a valuable asset to companies looking to optimize their expenses and drive sustainable growth. Good luck with your job search!

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