Sourcing and Costing Engineer (Electrical Components)

Experience: 5-12 yrs

Job Location: Saudi Arabia

Educational Qualification: B.E. / B. Tech (Mechanical / Industrial / Production/ Automotive)

Skills:

• Specialist in Zero Based Costing for Automotive Lighting, Display & Infotainment Parts, PCBA, Bare PCB, HV/LV harness, Motor, Electrical Vehicle Parts
• Need to make Electrical and Electronics part cost estimation based on specification
• Cost optimization ideas must generate based on market reference and competitive parts.
• Knowledge of costing software like TcPCM.
• Pricing structure, BOM estimation, building supplier relationship.
• Developing sourcing strategy to meet customer’s requirement.
• Implementing various cost calculation techniques e.g. Zero-base costing, activity base costing, directional costing etc. to estimate & budget component prices.
• Should have knowledge of import & export incoterms
• Calculating & analyzing landed cost to various global zones
• Monitor the readiness of parts and materials, ensuring they meet the required specifications and quality standards.
• Coordinate the logistics and dispatch of parts, ensuring timely delivery to the manufacturing units or job sites.
• Manage any issues related to part readiness or dispatch, resolving them promptly to avoid delays in the production process.
• Track and evaluate supplier performance based on key metrics such as quality, delivery time, and cost.
• Conduct regular performance reviews with suppliers and implement improvement plans where necessary.
• Identify shortcomings in supplier manufacturing processes and total value chains. Suggest and negotiate appropriate improvements with the purpose of increasing the overall cost-effectiveness.
• Analyse and evaluate proposed (by suppliers) costs for technical changes, claims related to volume, raw material, etc., and challenge the organization based on the results.