Machine Cost Estimator
3 days ago
1. Cost Estimation : Accurately estimate the costs of machinery, parts, and production processes, considering factors such as materials, labor, machine time, overheads, and transportation etc.
2. Vendor Liaison : Collaborate with suppliers and vendors to obtain quotes for machinery, parts, and equipment, ensuring the estimates reflect the most competitive and accurate pricing.
3. Data Analysis : Analyze historical data, industry trends, and product specifications to determine cost structures and potential savings.
4. Costing Models : Develop and refine costing models and pricing strategies to ensure profitability while maintaining competitiveness in the market.
5. Collaboration : Work closely with engineering, design, and procurement teams to ensure that cost estimates align with project budgets, timelines, and technical requirements.
6. Report Preparation : Prepare detailed cost estimation reports and presentations for management, highlighting potential risks, cost drivers, and opportunities for cost reduction.
7. Risk Management : Identify cost risks and suggest mitigation strategies to ensure that projects stay within budget and meet financial goals.
8. Continuous Improvement : Stay updated with the latest technologies and industry practices to enhance cost estimation processes and tools.
9. Budget Support : Assist project managers and financial teams in developing and managing budgets for machine acquisition and production processes.
- Bachelors degree in Mechanical Engineering, Industrial Engineering, Manufacturing, or a related field (preferred).
- Proven experience (3+ years) in cost estimating, preferably in manufacturing or machinery sectors.
- Proficient in Excel
- Understanding of manufacturing processes, materials, and production techniques.
- Excellent analytical skills with attention to detail and accuracy.
- Strong communication skills to collaborate effectively with vendors, suppliers, and internal teams.
- Ability to manage multiple projects simultaneously and work under pressure to meet deadlines.
- Familiarity with cost estimation standards and industry best practices.
- Knowledge of budgeting and financial analysis in a manufacturing environment.
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