General and Task Management

·        Determine cost estimate targets during the design and development process, recommending cost effective solutions

·        Prepare the cost estimate for tool cost and part cost. Select the vendor get the quote from suitable suppliers, Create the commercial proposal for parts & tool manufacturing.

·        Utilise cost methodologies and tools and appropriate software models and packages to prepare and maintain reliable and accurate data

·        Establish cost estimates of production processes and tooling costs and review alternatives or put forward recommendations for improvement

·        Assess cost effectiveness of products and track actual costs relative to budget and report status on a regular basis to ensure costs are in line with forecasts

·        Monitor and review data and information to detect or assess problems

·        Investigate and identify cost reduction opportunities through cost analysis review

·        Contribute to cost monitoring and reporting systems and procedures and monitor trends

·        Prepare cost and expenditure statements, reports and other necessary documentation at regular intervals to share with others in the business

·        Support all activities in cost estimating and take a proactive approach towards improvements

Relationship Management

·        Liaise with stakeholders and support management decisions by providing appropriate cost information and data

·        Provide cost estimates during change process and advise of cost impact of changes. Track and monitor activity

·        Work with stakeholders to ensure estimates are accurate and to make appropriate adjustments and resolve issues

·        Analyse supplier quotes and provide information and data, which aids communications with suppliers and customers and achieves cost optimisation.

·        Ensure supplier quotations meet ‘should cost’ estimates

·        Support supplier meetings and negotiations to challenge quotation prices and aim for cost reductions to meet target costs

·        Support and utilise experience to aid best practice in the supplier process in conjunction with members of the purchasing team

·        Liaise with purchasing department to provide continued feedback to ensure competitive pricing