Ensure CCPM project cost settlement on time ( task closure ) Sheet metal / Machined / Rubber / Plastic parts.
Ensure margins are protected on part cost as per expectations of internal customer requirement.

Cost settlement with supplier as per Zero base costing (ZBC) and Total cost of ownership (TCO) methodology.
Monthly commodity monitoring for commodity expenses and analysis.
Raw material prices - amendment Monthly / Quarterly / Half yearly
Visit supplier to understand his capability on cost drivers (Labor skill matrix, Electricity effective utilization, Process control, raw material planning with forecasting efficiency) & areas of improvements like (Rejection level, efficiency matrix, workflow losses, shop floor management, waste elimination) for cost effective commercial settlements.
Optimize input raw material & post operation expenses.
Settlement MHR (Machine Hour Rate) with suppliers for press / CNC / VMC / Coating process with competitive pricing.
Spend analysis for generating cost saving ideas
Suppliers claim settlements & negotiate with proper analysis.

Process understanding (Draw, forming processes, Machining processes, Surface finishing processes)
Understanding of Raw material grades.
Quality systems - IATF 2016 System knowledge -Core tools- APQP, PPAP, FMEA, SPC , MSA
Process understanding = Rubber/Injection Molding/Blow molding.
Understanding of Process details and machine MHR rates
Understanding of Raw material rates
Knowledge of AUTOCAD / 3D Software, has some experience
Knowledge of location wise lander labor rate, landed electricity charges along with their details break ups
Knowledge of skill set enhancement methodology to improve productivity & efficiency for commercial aspects
Knowledge of Line balancing, KANBAN, JIT & TQM technique & there usage in commercial aspects
Knowledge of existing tax structures & legal compliance

Costing Engineer