Collaborate with cross-functional teams, such as design, sourcing and production to gather relevant data and input for accurate cost estimation
Identify cost drivers and propose cost-saving measures without compromising product quality
Collaborate with the sourcing team to identify potential cost-effective sourcing options and evaluate supplier proposals
Develop and implement a comprehensive costing strategy for all products. Establish cost targets, cost breakdown structures and cost control measures
Implement and manage an effective costing system to accurately track and monitor costs throughout the product lifecycle
Collaborate with design and sourcing teams to explore alternative materials or process improvements that reduce costs without compromising on product integrity
Monitor and analyze cost variances between actual costs and estimated costs. Investigate and explain deviations