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6 Cost Reduction Jobs

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Research Scientist - Technology Development

confidential

5.0 - 9.0 years

Chennai, All india

On-site

As a Process Development Scientist at Pfizer, you will be responsible for the following tasks: - Performing literature search and identifying various synthetic routes. - Conducting process development for API, Intermediate, RSMs, etc., focusing on yield improvement and cost reduction activities. - Planning and executing experiments in accordance with process governance, including Lab feasibility, Optimization, Pre-validation, CPP, and Validation. - Conducting DoE to support the technology transfer team. - Analyzing experimental results and suggesting process improvements in terms of quality, yield, and cost. - Assisting in technology transfer at manufacturing scale, resolving issues during s...

Posted 2 days ago

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Fabrication Engineer

Larsen & Toubro Limited

3.0 - 7.0 years

Chennai, All india

On-site

As a Fabrication Engineer, you will be responsible for planning, designing, and overseeing fabrication processes to ensure high-quality production of metal structures, components, and assemblies. You will collaborate with design, production, and quality teams to optimize efficiency and maintain compliance with industry standards. Key Responsibilities: - Develop and implement fabrication processes for sheet metal, welding, machining, and assembly. - Review engineering drawings and translate them into fabrication instructions. - Ensure adherence to safety, quality, and environmental standards. - Collaborate with design engineers to resolve manufacturability issues. - Optimize material usage an...

Posted 2 weeks ago

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Sr Manager Process Engineering

confidential

8.0 - 12.0 years

Pune, All india

On-site

As a New Product Development & Program Management professional, you will be responsible for driving end-to-end NPD for forged and machined automotive components such as CV joints, flanges, shafts, housings, starter clutches, etc. This includes leading APQP, DFMEA/PFMEA, Control Plans, PPAP, and documentation. You will develop process flow diagrams, layout plans, and critical path timelines to ensure on-time project delivery. Your role will involve coordinating cross-functional teams (Design, Quality, Production, Procurement, Tool Room) to meet customer milestones. Your responsibilities will also include developing hot, warm, and cold forging as well as machining processes. You will conduct f...

Posted 2 weeks ago

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Sales Officer (Spice/Tea) || Coonoor

Randstad

4.0 - 9.0 years

6 - 8 Lacs

Coonoor

Work from Office

We are hiring for one of our client for the role of Sales officer based out at Coonoor Location. PFB the details: Job Description a) handholding present suppliers; b) Spice work FPOs, c) Pitching Reverse Auction Tea to South Packeteers; d) Pitching South Reverse Auction Spices to large buyers/exporters. e) Ground work tea (60%). Help in Spices (40%) Interested candidates may share their CV at: anisha.rana@randstad.in OR WhatsApp: 7973641471

Posted 3 weeks ago

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Senior Sourcing Manager

Cyient

12.0 - 15.0 years

18 - 25 Lacs

Bengaluru

Work from Office

Position: Senior Sourcing Manager - Wiring and Cable Harness Location: Bangalore, India Experience: Minimum 12 years Education: Bachelors Degree in Electronics OR Mechanical Engineering Key Responsibilities: Lead the sourcing and procurement of components related to automotive cable and wiring harness assemblies , including connectors, wires, cables, terminals , and electronic parts . Develop and manage strategic supplier relationships , focusing on: Part development and validation Cable assembly outsourcing Over molding and tooling or cable assemblies Ensure on-time availability of components by proactively coordinating with suppliers and mitigating potential delays. Drive cost reduction st...

Posted 1 month ago

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Deputy Manager - Production

Mahindra & Mahindra Limited.

2.0 - 7.0 years

4 - 9 Lacs

Pune

Work from Office

Process Issues/Quality issues Resolution related to gear manufacturing Awareness and knowledge of latest technology changes, cutting tool materials and geometries Conduct straining on tools and tooling on latest trends Identification of Tool life improvement projects or replacement of tool with alternate technology Defect identification and root cause analysis New model Machining set up , line setup and ramp up Capacity improvements through debottlenecking and improvements Rejection system-implementation of zero rejection concept Revenue cost reductioninitiatives for implementation and practice Improvement idea generation and implementation Interaction with all support functions and concern ...

Posted 1 month ago

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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

Mumbai
Bangalore
Delhi
Chennai
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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