Specialist

BOM COSTING SPECIALIST

DESCRIPTION

The BOM (Bill of Materials) Cost Manager is responsible for managing and optimizing the cost structure of the complete BOM for all running & new products, ensuring cost competitiveness, transparency, and alignment with sourcing strategy.

KEY RESPONSIBILITIES

• Own and manage the total BOM cost for assigned products from concept through launch.
• Derive cost estimates based on zero based costing.
• Develop cost breakdowns and estimates for components and systems across all commodity groups.
• Analyse cost drivers and provide recommendations for cost optimization.
• Track BOM evolution and report variances vs. targets and previous builds.
• Maintain accurate cost databases and benchmarking data.
• Lead cost review meetings with suppliers and internal stakeholders.
• Evaluate and validate cost impact of design changes and engineering change requests (ECRs).
• Ensure timely update of BOM cost for changes and maintain version control.
• Align with Business development on cost targets and budget tracking.
• Perform benchmarking studies and cost competitiveness analysis vs. market trends.
• Monitor commodity price trends and assess supplier impacts.

QUALIFICATIONS

• Bachelors/ Masters degree in Mechanical engineering
• 10+ years of experience in Sourcing/ Purchasing in a Tier-1 automotive environment.
• Strong knowledge of automotive components, manufacturing processes and cost structures.
• Experience with BOM tools, Power BI/ cost modelling software and ERP systems (e.g., SAP, Teamcenter).
• Understanding of global sourcing and supplier negotiations.

SKILLS

• Excellent analytical and financial modelling skills.
• Strong negotiation and supplier management capabilities.
• Proficient in Microsoft Excel, Power BI, and cost estimation tools.
• Strong communication and stakeholder management skills.
• Detail-oriented with a structured approach to problem-solving.
• Ability to work in a fast-paced, cross-functional environment.