Costing Engineer (Proprietary Commodity)

Costing Engineer- Proprietary

Experience: 7- 12 yrs

Job Location: Pune

Technical Skills / JD:

• Identify and evaluate potential suppliers (domestic and overseas) based on quality, cost, and delivery capabilities components like Hyd Pumps, Hyd Motors, Hyd cylinders, Steering Units, Steer axle Tires, Control Valves, and Hoses /Fittings /Adaptors, Driver seat, Controllers, Starter battery etc
• Able to do costing for proprietary parts.
• Engage in discussions with suppliers to understand their offerings and negotiate terms and conditions to secure the best possible deals with respect to pricing, delivery timelines, and quality standards.
• Support Engineering team to review technical specifications as per supplier proposal.
• Create agreement with key suppliers including terms like warrantee, PVC, LD.
• Conduct supplier audits and assessments to ensure compliance with company standards and requirements.
• Finalize supplier contracts and agreements, ensuring all terms are clearly defined and mutually agreed upon.
• Maintain a strong relationship with key suppliers to ensure long-term partnerships and collaboration.
• Create and manage purchase orders (POs) accurately and promptly.
• Oversee the invoicing process, ensuring that all invoices are correctly issued and processed.
• Coordinate with the finance department to ensure timely payment release to suppliers.
• Monitor the readiness of parts and materials, ensuring they meet the required specifications and quality standards.
• Coordinate the logistics and dispatch of parts, ensuring timely delivery to the manufacturing units or job sites.
• Manage any issues related to part readiness or dispatch, resolving them promptly to avoid delays in the production process.
• Track and evaluate supplier performance based on key metrics such as quality, delivery time, and cost.
• Conduct regular performance reviews with suppliers and implement improvement plans where necessary.
• Identify shortcomings in supplier manufacturing processes and total value chains. Suggest and negotiate appropriate improvements

Tool Skills:

1. MS Office (Excel, Word, PowerPoint), Power BI.
2. SAP, ERP.
3. Read & Interpret 2D /3D design

Special Requirements:

1. Good Analytical Skill, Cost evaluation & negotiation skill
2. Good Knowledge of Manufacturing Process & hand on experience to deal with proprietary suppliers.
3. Possess the ability to solve problems and take a decision.
4. Able to co-ordinate with multiple teams located at multiple locations
5. Category Management, negotiation, cost optimization, spend management, & Low-cost country cost data base.