Associate Cost Control – Inventory Management

The Associate Cost Control will play a critical role in optimizing and controlling costs across various engineering functions by managing inventory, auditing, and implementing cost-reduction strategies. This role requires proactive inventory management, meticulous tracking of project costs, and a focus on continuous improvement, particularly in soft skills development.

Job Description

• Ensure optimal stock levels by maintaining minimum inventory thresholds to support uninterrupted project operations.
• Regularly review inventory levels, coordinate with procurement, and project teams, and facilitate timely replenishment of stock.
• Standardize inventory items across engineering functions, preparing, and updating comprehensive specification sheets and catalogs.
• Work closely with engineering and procurement teams to ensure specifications meet project requirements and industry standards.
• Conduct regular audits of inventory and field sites to ensure compliance with company policies and verify the physical presence and condition of inventory items.
• Prepare audit reports, document discrepancies, and recommend corrective actions to maintain transparency and accountability.
• Identify opportunities for cost savings by evaluating inventory processes, vendor contracts, and material usage.
• Implement cost-reduction initiatives and support procurement in negotiations to optimize supplier agreements and resource utilization.
• Monitor and track project costs, ensuring adherence to budgets and providing timely alerts on potential cost overruns.
• Collaborate with project management teams to update cost forecasts and provide insights on financial health and project efficiency.
• Continuously improve communication, teamwork, and problem-solving skills to enhance coordination with internal teams, suppliers, and stakeholders.
• Participate in training and development programs to strengthen soft skills essential for effective cost control and collaboration

Skills requirements

• Proven experience in cost control, inventory management, or a similar role.
• Strong analytical and organizational skills with attention to detail.
• Proficiency in Microsoft Excel and ERP systems (SAP experience is a plus).
• Excellent communication and interpersonal skills.

Experience and Education

• Bachelor’s degree in finance, accounting, business administration, or a related field.

Pay: Up to Rs45,000.00 per month

Work Location: In person