Duties: Liaise with local suppliers by requesting detailed cost breakdowns using the standard cost calculatio...
JOB INDEX - 1 year ago - Job Mail
Purchasing Cost Engineer
Duties:
- Liaise with local suppliers by requesting detailed cost breakdowns using the standard cost calculation template for component piece prices, tooling and development costs.
- Extract cost breakdown information from various Purchasing Systems for analysis.
- Calculate the cost to manufacture a component using the industry rates and manufacturing indexes and compare to the suppliers quotation (prior to nomination) and / or the supplier piece price and cost breakdown in the purchasing system (after nomination).
- Identify potential cost saving opportunities to provide the commodity buyer with sound justification for negotiation with the suppliers, such as:
Ø Government incentive benefits, e.g. AIS investment claims
Ø Supplier specific fixed overhead cost recovery optimization, e.g. tracking business expansions, measuring plant capacity utilization, removal of depreciation cost, etc.
Ø Benchmarking of material and bought-out part cost
Ø Supplier pre-logistics cost plausibility and potential optimization
- Verification of the production processes on site at the supplier and observation of the overall supplier company profile.
- Detailed analysis of the tooling and development cost to identify cost opportunities.
- Develop options for the supplier strategy together with responsible Production Purchasing Commodities, participate actively during supplier negotiations and follow up agreed measures. Follow-through of result tracking and measurement.
- Presentation of cost analysis findings to the Purchasing Commodities and in the Local Sourcing Committee (when applicable).
- Monitor standard industry overhead and material cost including managing the necessary subscriptions to reputable data source. Investigate variance versus actual cost and identify cost opportunities / risks.
- Recommend, agree and implement training measures as well as ensuring knowledge build up.
- Development of an annual plan containing the recommended purchased components to be evaluated, the analysis method and additional scopes (change points) for agreement with Supervisor.
- Tracking of progress against annual plan including reporting of results achieved.
Requirements:
- National Diploma or Degree (Commercial, Finance, Business Management) or;
- A relevant technical National Diploma or Degree with strong costing capability
- Minimum of 5 years Automotive related experience
- Proven experience as a cost engineer, cost specialist or similar role
- Proven experience in terms of understanding component drawings, manufacturing processes and cost drivers that add to the cost of purchased components
- Advanced computer literacy (MS Word, Excel, PowerPoint and SAP)
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