Cost Engineer

Cost Engineer / Should Costing Engineer

Experience: 35 Years

Location: Pun

e
Employment Type: Full-Ti

me
Job Summ

aryWe are seeking a skilled Cost Engineer with expertise in Cost Modeling, Should Costing, Value Analysis/Value Engineering (VA/VE), DFMA, and Product Benchmarking. The ideal candidate will be responsible for analyzing product costs, identifying cost reduction opportunities, and supporting product development teams with data-driven cost optimization strategi

es.
Key Responsibili

tiesDevelop detailed cost models for mechanical, electrical, and manufactured compone

nts.Perform should-costing analysis to estimate product and component costs accurat

ely.Conduct Value Analysis/Value Engineering (VA/VE) studies to identify cost-saving opportunities without compromising quality or performa

nce.Utilize aPriori and DFMA (Design for Manufacturing and Assembly) tools for product cost estimation and manufacturability assessme

nts.Perform competitive product benchmarking and cost comparis

ons.Collaborate with design, sourcing, manufacturing, and procurement teams to drive cost optimization initiati

ves.Analyze BOMs, manufacturing processes, raw material costs, labor costs, and overhe

ads.Support supplier negotiations by providing cost breakdowns and target cost analy

sis.Prepare cost reports, presentations, and recommendations for stakehold

ers.Drive continuous improvement initiatives related to product cost reduction and process efficie

ncy.
Required S

killsStrong experience in Cost Modeling and Should Cos

ting.Hands-on experience with aPriori and/or DFMA t

ools.Expertise in VA/VE (Value Analysis & Value Engineering) methodolo

gies.Experience in Product Benchmarking and competitive cost anal

ysis.Good understanding of manufacturing processes such as machining, casting, forging, sheet metal, injection molding, and asse

mbly.Strong analytical and problem-solving sk

ills.Excellent communication and stakeholder management sk

ills.
Preferred Qualific

ationsBachelor's degree in Mechanical Engineering, Industrial Engineering, Manufacturing Engineering, or related

field.Experience working with global engineering, sourcing, or manufacturing

teams.Knowledge of cost optimization and product lifecycle management proc