Prashanth K

Experience

• 

  Paloma Turning Co Pvt. Ltd.

  May 2019 - Aug 2021

  Costing & Estimation Engineer

  • Responsible for preparing Cost Estimates using existing knowledge coupled with information derived from 2D drawings, 3D Solid models, material specifications, technical specifications, material type, part samples, component assessment forms, process knowledge, and supplier data.• Frequent visits to suppliers and technical exhibitions to maintain knowledge of current production methods and materials; future technology that will be beneficial when our products go into production• Preparing the detailed cost sheet includes RM cost, tool cost, special process cost, gauge cost, transportation cost, packing cost, etc.• Developing the manufacturing process, machine data, labor rates, commercial data, scrap rates, etc. Work side-by-side with engineering, design teams, Quality & NPD department for detailed analysis of the project• Identify cost reduction opportunities after reviewing the incumbent supplier's operational process end to end then finalizing the cost of the parts• Work with the project team to derive a targeted negotiation strategy based on Cost model data and Undertake price change assessments prior to sign off to ensure value for money• Manage VA/VE (Value Added / Value Engineering) events and process optimization workshops to identify cost reduction opportunities for delivery• Developing the various type of suppliers for different types of heat treatments like Gas nitriding, induction hardening, Plasma Nitriding, etc.• Check for raw material, gauges are available in-house. Supplier Quote Analysis (Quote vs. Estimated Budget)• Negotiate the prices with suppliers so that we can win the project from the customer. Allocation of Machines based on operation required to complete the part.• Once the part cost is sent to the customer, follow up with the customer for feedback and negotiate the prices so that we can win the project from the customer. Show less

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  Universal Flexibles Pvt Ltd

  Aug 2021 - May 2022

  Costing & Estimation enginner

  • Estimation and Costing on Machining, Fabricated & Sheet metal parts.• Detailed technical study on Engineering Design and Drawings to confirm scope and feasibility on RFQ’s.• Zero Based Cost Estimation on Hydraulic (End fittings, Adapters, etc.,) & Precision made components.• Should Costing on Vendor quotes and negotiating price on BOP’s. • Product Cycle time analysis on CNC turned, Milled, and Sliding Head machined parts.• Compile cost data for raw material, labor, tooling, equipment, machine hour rate for estimation.• Responding to Exports RFQ's by online Bidding & Tender Based Costing on Institutional RFQ’s.• Screening on Raw Material, BOP Purchase orders & Sales orders with the appropriate cost sheets prepared and providing approval on them in ERP.• Maintaining a costing tracker on all RFQ’s registered to have full traceability and attending weekly review to update.• Prepare a Cost sheet for all new enquiries by considering all the cost factors in coordination with the Sales & Marketing team, Materials team, and the Production team.• Ensure timely preparation of cost sheets to avoid any delay in sending quotes to Customers and ensure cost sheets are available for all the running parts in house a& BOP’s.• Involved in screening and approving PO’s/SO’s in the ERP.• Credited with reporting monthly data for better decision-making and improved productivity.• Actively involved in performing a feasibility study of various products and developing the same.Clients: HAL, ADE, ADA, Schunk, Parker, Allison, Hydac, GE, L&T Construction, Escorts, Caterpillar, Mahindra DefenseManufacturers: Hose Assemblies, Tube Assemblies, Machined components Show less

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  Bosch Global Software Technologies

  May 2022 - now

  Senior Cost Engineer