Shashank Honawar

Senior Cost Estimator @Magna International

Provide cost implications for engineering changes and analyze standard costed bill of material for stamping, electronic controls, castings, plastics considering their raw material cost, process, labor, burden and tooling. Develop Cost Budget Analysis including Return on investment, contribution margin and earnings Involve in cost reduction programs to establish reporting formats based on customer requirements and set cost targets to improve cost margins. Contribute in Value Analysis Value Engineering initiatives and provide cost saving opportunities. • Develop Cost Budget benefit Analysis including Return on investment, contribution margin, EBIT, IRR based on material cost, labor hour rates, capital investment cost, component volumes, freight, and manufacturing costs. Create business reports for managing process performance, cost efficiencies, process driven lean improvements. Manage inventory forecasting involving logistics, operations, finance to eliminate non moving inventory.