Manager Costing

For a costing team in the electrical switchboard building industry, accurate and

efficient cost management is crucial. Here are some Key Performance Indicators

(KPIs) that can help measure the performance of the costing team:

1. Cost Accuracy: Measure the accuracy of cost estimates against the actual

costs incurred during the production of electrical switchboards. This KPI is

fundamental in ensuring that estimates align closely with real costs.

2. Cost Variance: Track the difference between estimated costs and actual

costs for each project. Monitoring cost variances helps identify areas where

improvements in estimating accuracy can be made.

3. Profit Margins: Calculate the profit margins on each project by comparing the

revenue generated with the total costs incurred. This KPI ensures that the

costing team contributes to maintaining healthy profit margins.

4. Cost Efficiency: Evaluate the team's efficiency in controlling and minimizing

costs without compromising on quality. This could be measured by comparing

the cost of goods sold (COGS) against the revenue generated.

5. Material Cost Tracking: Monitor the accuracy of estimates related to material

costs, ensuring that the costing team provides realistic and precise projections

for raw materials.

6. Labor Cost Efficiency: Assess the efficiency of labor costs by comparing

estimated labor costs with the actual time spent on each project. This KPI

helps identify opportunities for improving labor productivity.

7. Overhead Costs: Track and manage overhead costs associated with

switchboard production. This includes expenses such as facility costs, utilities,

and administrative expenses.

8. Cost-to-Sales Ratio: Calculate the ratio of total costs to total sales. A lower

ratio indicates effective cost management and improved profitability.

9. Quote-to-Order Conversion Rate: Measure the percentage of quotes

provided by the costing team that convert into actual orders. A high

conversion rate indicates effective pricing and competitiveness in the market.

10. Supplier Negotiation Effectiveness: Evaluate the team's ability to negotiate

favorable terms with suppliers, which can impact the overall cost structure.

11. Time-to-Quote: Measure the time taken by the costing team to prepare and

deliver quotes to potential clients. A shorter time-to-quote can positively

influence customer responsiveness and competitiveness.

12. Cost Benchmarking: Compare the costs of switchboard production with

industry benchmarks and competitors. This provides insights into the team's

efficiency and competitiveness.

Regularly reviewing these KPIs can help the costing team identify areas for

improvement, optimize processes, and contribute to the overall success and

profitability of the electrical switchboard building business. Adjust the KPIs based on

the specific goals and challenges faced by your organization.

Regularly reviewing these KPIs will help the costing team identify areas for

improvement, optimize processes, and contribute to the overall success and

profitability of the electrical panel building business. Adjust the KPIs based on the

specific goals and challenges faced by your organization.

Job Types: Full-time, Permanent

Pay: ₹50,000.00 - ₹60,000.00 per month

Benefits:

• Cell phone reimbursement
• Food provided
• Health insurance
• Paid sick time
• Paid time off
• Provident Fund

Schedule:

• Day shift

Supplemental Pay:

• Yearly bonus

Work Location: In person