Cost Optimization Expert
6 days ago
Key Responsibilities
- Lead the costing process, ensuring estimates align with customer requirements and project timelines.
- Develop accurate cost estimates for labor, materials, outside processing, and production lead time based on customer prints and specifications.
- Participate in product development activities such as APQP, DFMEA, and PFMEA to support cost-effective designs.
- Collaborate cross-functionally with teams to gather necessary information for part costing and drive successful quoting and project execution.
- Coordinate product planning and launch activities for newly awarded business opportunities.
- Manage the procurement of materials, tooling, and services in line with project needs.
- Coordinate with the supply chain team and external vendors to secure raw materials and outside services.
- Provide timely feedback and reports to stakeholders on the status and progress of ongoing quotes and projects.
- 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.
- Support operations by identifying and implementing process improvements on the shop floor, including tool design and cycle time optimization.
- Contribute to process improvement efforts by identifying opportunities for efficiency and cost savings.
- Update costing models based on process, materials, or production method changes.
- Analyze historical data and production trends to improve costing accuracy and support cost-reduction initiatives.
- Manage and update the customer specifications library to ensure compliance with current standards and requirements.
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