Job Requirement – Cost Analyst (Home Appliances)
Location: MPPL Manufacturing Plant, Dharuhera (Rewari), Haryana
Industry Preference: Air Coolers (Highly Preferred), Home Appliances, Consumer Durables
Experience
- 5–10+ years in the home appliances or consumer durables industry.
- Mandatory experience in air coolers. Candidates with experience in fans, water heaters, or other home appliances will also be considered.
- Strong exposure to plastic injection molding, sheet metal fabrication, powder coating, and product assembly.
Key Responsibilities
Product Costing & Should-Cost Analysis
- Conduct detailed component-level and BOM-level cost analysis for every part and finished product.
- Develop and maintain should-cost models for all components, sub-assemblies, and finished goods.
- Establish standard costing for each individual component and continuously benchmark against market prices.
- Identify cost reduction opportunities through design optimization, material substitution, and process improvements.
Commodity & Market Intelligence
- Track commodity price movements for steel (CRCA, GI, Stainless Steel), aluminium, copper, plastic resins (PP, ABS, HIPS, PC, Nylon), brass, packaging materials, motors, electronic components, fasteners, and bought-out parts.
- Provide monthly commodity trend reports and recommend sourcing strategies based on market movements.
Vendor Development & Strategic Sourcing
- Lead vendor development for existing and new components.
- Identify alternate suppliers and develop competitive sourcing strategies.
- Conduct supplier cost benchmarking and capability assessments.
- Support new product sourcing from the RFQ stage through commercial finalization.
Commercial Negotiation
- Lead commercial negotiations with suppliers using should-cost models and market intelligence.
- Validate supplier quotations at the individual component level to ensure competitive pricing.
- Drive annual cost reduction initiatives and productivity improvements with suppliers.
- Work closely with the Purchase team to achieve annual material cost-saving targets.
Manufacturing Cost Analysis
- Analyze raw material consumption, conversion costs, machine cycle times, tooling and mold costs, labour, overheads, rejection, and process efficiencies.
- Benchmark manufacturing processes and identify opportunities for productivity and cost improvements.
Cross-Functional Collaboration
- Partner with Procurement, R&D, Design, Production, Quality, and Finance to improve product profitability and reduce overall product cost.
Reporting & Analytics
- Prepare dashboards covering:
- Component-wise cost
- BOM cost analysis
- Commodity price trends
- Vendor benchmarking
- Material price variance
- Cost-saving initiatives
- Product profitability
- Purchase savings tracker
Technical Skills
- Expertise in BOM costing and should-cost analysis.
- Strong understanding of plastic molding, sheet metal fabrication, tooling, welding, powder coating, and assembly processes.
- Excellent commercial negotiation and vendor development skills.
- Advanced Microsoft Excel; ERP experience (SAP, Oracle, Microsoft Dynamics, etc.) preferred.
- Power BI and CAD drawing interpretation will be an added advantage.
Key Deliverables
- Complete component-wise and BOM-wise cost database for all products.
- Monthly commodity price tracker.
- Vendor should-cost reports and benchmarking.
- Alternate vendor development plan.
- Annual purchase cost reduction roadmap.
- Product-wise profitability analysis.
- Continuous identification of material and process optimization opportunities.
Preferred Candidate Profile
- Background in leading home appliance or cooler manufacturers/OEMs.
- Hands-on manufacturing exposure with factory-based costing.
- Strong expertise in component-level costing, vendor development, commercial negotiations, and strategic sourcing.
- Willing to work full-time from the MPPL Manufacturing Plant, Dharuhera (Rewari), Haryana.
Pay: ₹30,000.00 - ₹80,000.00 per month
Work Location: In person
