1. Cost Analysis & Estimation:
- Prepare detailed cost estimates for forging and casting parts considering raw materials, labour, tooling, machine time, and overheads.
- Analyze product drawings, process flows, and BOMs (Bill of Materials) to determine cost drivers.
- Develop cost models for new parts or process changes.
2. Cost Monitoring & Control:
- Monitor production costs daily/monthly and identify variances against standard or estimated costs.
- Investigate deviations and recommend corrective actions to minimize wastage and inefficiencies.
- Collaborate with production and procurement teams to track cost-saving opportunities.
3. Budgeting & Forecasting:
- Support the preparation of plant budgets, forecasts, and financial planning.
- Track actual vs. budgeted costs and provide variance reports.
4. Profitability Analysis:
- Conduct product-wise, customer-wise, and process-wise profitability analysis.
- Support pricing decisions by providing cost and margin insights.
5. Process Improvement & Cost Optimization:
- Identify opportunities for cost reduction in materials, processes, and supply chain.
- Participate in value engineering and lean manufacturing initiatives.
