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Manage end-to-end costing and pricing activities.
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Collect and maintain updated vendor prices, including currency, MOQ, payment terms, freight, and delivery terms.
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Verify and compare current vendor prices with previous purchase prices and identify price variations.
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Prepare product-wise costing sheets based on vendor purchase prices and applicable commercial costs.
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Calculate and allocate relevant company overheads to determine the actual product cost.
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Determine recommended selling prices based on cost, target margin, customer requirements, quantity, country, and market conditions.
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Prepare different pricing levels such as target price, minimum price, standard price, and special/negotiation price where required.
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Analyse customer-wise pricing and maintain consistency with historical selling prices and customer categories.
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Prepare quantity-based pricing and analyse the impact of order quantity on cost and profit margins.
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Compare competitor and market prices and recommend suitable pricing strategies to the Sales and Management teams.
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Review market conditions, product demand, competition, and customer importance while recommending selling prices.
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Support the Sales Team with accurate and timely costing and pricing for quotations and customer negotiations
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Review special pricing requests from Sales and evaluate their impact on cost, margin, and profitability.
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Monitor target margins and ensure that products are not quoted below the approved or required margin without proper approval.
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Highlight low-margin, negative-margin, or high-cost products/orders to Management for review and approval.
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Review quotations before submission to ensure correct product cost, selling price, margin, freight, duties, and other commercial components.
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Prepare MIS and reports related to vendor price changes, product costing, selling prices, margins, customer pricing, and country-wise profitability
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B.Com / B.E. / Diploma or equivalent.
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2–5 years' experience in Costing / Pricing / Commercial / Purchase / Procurement or related role.
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Experience dealing with engineering / industrial products preferred.
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Strong knowledge of costing and pricing concepts.
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Strong analytical and numerical skills.
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Good knowledge of Excel and ability to prepare and maintain costing sheets.
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Ability to calculate landed cost, overheads, margins, and selling prices.
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Ability to analyse vendor pricing and commercial terms.
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Ability to compare current and previous purchase prices.
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Ability to analyse customer-wise, country-wise, and quantity-wise pricing.
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Ability to analyse market and competitor pricing.
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Ability to understand product specifications and their impact on costing and pricing.
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Strong communication and coordination skills.
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Ability to coordinate with Sales, Purchase, Stores, Logistics, Finance, and Management.
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Ability to prepare and present costing, pricing, margin, and commercial reports to Management.
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Strong commercial mindset with focus on cost control, profitability, and competitive pricing.
