Cost Optimization Expert

6 days ago


Indianapolis, Indiana, United States HGC Industries Full time

Key Responsibilities

  1. Lead the costing process, ensuring estimates align with customer requirements and project timelines.
  2. Develop accurate cost estimates for labor, materials, outside processing, and production lead time based on customer prints and specifications.
  3. Participate in product development activities such as APQP, DFMEA, and PFMEA to support cost-effective designs.
  4. Collaborate cross-functionally with teams to gather necessary information for part costing and drive successful quoting and project execution.
  5. Coordinate product planning and launch activities for newly awarded business opportunities.
  6. Manage the procurement of materials, tooling, and services in line with project needs.
  7. Coordinate with the supply chain team and external vendors to secure raw materials and outside services.
  8. Provide timely feedback and reports to stakeholders on the status and progress of ongoing quotes and projects.
  9. Monitor the status of submitted quotes (won, lost, pending) and ensure continuous improvement in the cost estimation process by analyzing outcomes and integrating lessons learned.
  10. Support operations by identifying and implementing process improvements on the shop floor, including tool design and cycle time optimization.
  11. Contribute to process improvement efforts by identifying opportunities for efficiency and cost savings.
  12. Update costing models based on process, materials, or production method changes.
  13. Analyze historical data and production trends to improve costing accuracy and support cost-reduction initiatives.
  14. Manage and update the customer specifications library to ensure compliance with current standards and requirements.


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