Key Responsibilities:
Cost Analysis & Estimation
- Prepare detailed cost estimates for forging and casting parts considering raw materials, labor, tooling, machine time, and overheads.
- Analyse product drawings, process flows, and BOMs (Bill of Materials) to identify cost drivers.
- Develop cost models for new parts or process changes.
Cost Monitoring & Control
- Track production costs daily/monthly and identify variances against standard or estimated costs.
- Investigate deviations and recommend corrective actions to reduce wastage and inefficiencies.
- Collaborate with production and procurement teams to implement cost-saving measures.
Budgeting & Forecasting
- Assist in preparing plant budgets, forecasts, and financial planning.
- Monitor actual vs. budgeted costs and provide variance reports.
Profitability Analysis
- Conduct product-wise, customer-wise, and process-wise profitability analysis.
- Support pricing decisions by providing cost and margin insights.
Process Improvement & Cost Optimization
- Identify opportunities for cost reduction in materials, processes, and supply chain.
- Participate in value engineering, lean manufacturing, and Six Sigma initiatives.
6. Reporting & Documentation
- Maintain accurate cost records and documentation for audits and management reporting.
- Prepare periodic cost reports, dashboards, and MIS as required.
