Product Costing SM_AGM_DGM

About the Role The Product Costing & Analysis role is crucial for ensuring the financial viability of vehicle projects. This position involves detailed cost analysis and collaboration with various teams to optimize costs and enhance product value. Responsibilities • Develop and maintain detailed BOM costing for commercial vehicles • Perform should-costing for key components • Analyze cost breakdown across systems and identify cost drivers • Drive cost reduction initiatives across design, sourcing, and manufacturing • Work with R&D and engineering teams to implement value engineering (VE) and value analysis (VA) • Benchmark costs against competitors and industry standards • Partner with procurement for supplier cost negotiations and RFQ evaluations • Collaborate with manufacturing for process costing and efficiency improvements • Support program management in cost tracking during product development lifecycle • Prepare cost estimates for new product development (NPD) and business cases • Track actual vs. estimated costs and highlight variances • Support budgeting, forecasting, and margin analysis • Evaluate supplier quotations and perform cost validation • Develop cost models for localization and alternate sourcing strategies • Monitor commodity price trends impacting vehicle components Qualifications & Experience Education details: Engineering, or a related field is preferred. Experience : 10 Yrs-20 Yrs Required Skills • Key commodities such as Sheet Metal/Electrical & Electronics / Proprietary /Interior & Exterior Parts. • Expertise in BOM costing and cost modeling • Proficiency in Excel, ERP systems • Knowledge of should-costing tools and techniques Preferred Skills • Experience in the Automobile vehicle industry. • Strong analytical and problem-solving skills • Excellent communication and collaboration abilities