Cost Strategy - Gurgaon, India - HuntingCube

HuntingCube

Verified Company

Gurgaon, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Industry Auto / Auto Ancillary

Location Haryana Gurugram

Experience Range Years

Qualification B.tech

About Us

We, HuntingCube bring down the expertise of passionate Head-Hunters who have been a key player in placing exceptional talent for high end technology companies and start-ups in the past couple of years.

Our team consists of the dedicated recruiters who well understands your business needs & can deliver in most efficient ways in mínimal Turn-Around-Time.

Because we believe Good service is Good business.

Roles and Responsibility
- (Permanent/Fixed

Term/Retainer)

Permanent

Section 2:
Job Purpose Statement

In one or two sentences, mention the basic reason why this job exists
Purpose of the job is to develop cost models, work out should be cost with a view to set cost targets &

- benchmarks in order to improve sourcing efficiency.

The role requires expertise in cost assessment across various product categories and manufacturing

- technologies. This position will require to partner with buyers / sourcing engineers to facilitate
- optimize their procurement costs.

Section 3: Areas of Responsibility
Define specific, permanent areas that requires the role holder to be responsible for taking decisions,

- delivering results or carrying out a significant amount of activity

Key Responsibilities
Most significant

- responsibilities of the job
- along with key activities
- required to accomplish
- them

Key Performance Indices Quantitative/Qualitative
- (not the actual targets)

Weightage
- percentage

Total 100%

Cost assessment

Zero based costing of parts of various product categories
- and manufacturing technologies (Fabrication / Machining
- / Moulding / Casting / proprietary etc)

Study of existing norms and identify opportunity for

- improvements

Evaluation and assessment of should be cost
Support buyer for cost improvements

40%

Cost Targets &

Benchmarking

Drive cost benchmarking to identify opportunities & support
- implementation

Workout targets & KPIs for the respective categories of parts
Identify alternate methods / processes for cost efficiencies
Identify pool of alternates who can provide innovative /

- competitive products.

Engage internal stake holders (CIT / Sourcing etc) as well as

- suppliers to firm up design based upon target cost.

40%

Knowledge baseCreating knowledge repository, analytics and

dashboard

20%

Section 4:
Reporting Relationship

Mention the Role of the Reporting Manager

Functional Reporting Matrix Reporting

Section Head

Direct Reports

Mention the Role of the Direct Reports
Managers of Managers Managers Individual Contributor

Section 5:
Key Dimensions

Provide factual, quantitative and financial information particularly relevant to the job which helps to

- reflect the scale and scope of the job

Financial Dimensions
Provide financial information related to budget/cost/turnover or any other related financial parameter
Financial Parameter Please mention indicative financial figures
Procurement cost Applicable for all direct spend (~40K/veh)

Non-Financial Dimensions

Direct Reports (Total headcount #) 1~
Indirect Reports (Total headcount #)
Contract employees (Total headcount #)

Section 6:
Complexities

Describe the most difficult and complex parts of the job and other constraints that are not covered or

- highlighted elsewhere along with the reason

Continuous improvements of cost norms in view of inflationary environment
Engaging suppliers in scenario of shorter product life cycle and fluctuating volumes
Strategic supplier relationship

Section 7:
Operating Network

Provide the key working relationships/routine contacts the job holder needs to have INSIDE and OUTSIDE

- the organization to accomplish job and the reason for these interactions
- (Excluding reporting manager & subordinates)

Roles & teams Nature/ purpose of interaction

Internal

CIT Alignment on cost based designs & targets

SS&SC Alignment on cost parameters and other references
Alignment w.r.t. sourcing strategy

External

Suppliers Process management & Operation excellence

Section 8:
Job Requirements

State threshold proficiency/education, qualifications, training and experience necessary to enable and

- perform the job fully and effectively. (This might not necessarily be the same as the current job holder)

Academic QualificationEngineering Graduate, Preferably MBA

Relevant Experience

10~12 years of Sourcing / Commercial
- experience in industries like automotive /
- manufacturing

Technical Skills/KnowledgeStrong analytical skills with the ability to
- conduct cost analysis & prepare strategies