Job Description

General and Task Management

Determine cost estimate targets during the design and development process, recommending cost effective solutions

Prepare the cost estimate for tool cost and part cost. Select the vendor get the quote from suitable suppliers, Create the commercial proposal for parts & tool manufacturing.

Utilise cost methodologies and tools and appropriate software models and packages to prepare and maintain reliable and accurate data

Establish cost estimates of production processes and tooling costs and review alternatives or put forward recommendations for improvement

Assess cost effectiveness of products and track actual costs relative to budget and report status on a regular basis to ensure costs are in line with forecasts

Monitor and review data and information to detect or assess problems

Investigate and identify cost reduction opportunities through cost analysis review

Contribute to cost monitoring and reporting systems and procedures and monitor trends

Prepare cost and expenditure statements, reports and other necessary documentation at regular intervals to share with others in the business

Support all activities in cost estimating and take a proactive approach towards improvements

Relationship Management

Liaise with stakeholders and support management decisions by providing appropriate cost information and data

Provide cost estimates during change process and advise of cost impact of changes. Track and monitor activity

Work with stakeholders to ensure estimates are accurate and to make appropriate adjustments and resolve issues

Analyse supplier quotes and provide information and data, which aids communications with suppliers and customers and achieves cost optimisation.

Ensure supplier quotations meet should cost estimates

Support supplier meetings and negotiations to challenge quotation prices and aim for cost reductions to meet target costs

Support and utilise experience to aid best practice in the supplier process in conjunction with members of the purchasing team

Liaise with purchasing department to provide continued feedback to ensure competitive pricing

Expertia AI Technologies