Value engineer

Value Engineer

Experience:

8-12 years: Sr. Value Engineer

5-7 years -Intermediate Value Engineer

Location: Bangalore

Roles and Responsibilities

Lead technical design reviews with a cost optimization lens, challenging assumptions and identifying savings opportunities early in the development cycle

Develop and share cost optimization frameworks and tools that engineering teams can leverage independently

Create design guidelines that embed cost consciousness into the engineering workflow

Develop, maintain, and continuously improve dynamic cost models for mechanical components and assemblies across both NPI and sustaining engineering programs

Own the MCBOM and ensure accuracy at every stage of product development, from concept through production

Conduct should-cost analysis using industrial engineering principles: time studies, work content analysis, and process capability assessment

Build parametric cost models that engineers can use to evaluate design trade-offs in real time

Identify cost drivers and quantify the financial impact of design decisions with data-backed analysis

Proactively identify and prioritize opportunities for cost reduction and cost avoidance across the mechanical product portfolio

Plan, lead, and execute value engineering projects from concept to realized savings

Drive cost optimization initiatives using industrial engineering methodologies process mapping, waste elimination, and standardization

Develop business cases and ROI analyses for proposed design and process changes

Track and report project progress, realized savings, and cost avoidance metrics

Partner with mechanical design engineers to influence cost-effective design decisions throughout the development cycle

Collaborate with manufacturing engineering to optimize production processes and reduce labor content

Work with quality and test teams to ensure cost optimizations do not compromise product performance or reliability

Support sourcing during RFQ processes with detailed should-cost models and technical cost assessments

Facilitate alignment between engineering, operations, and commercial teams on cost targets and trade-off decisions

Supplier and Manufacturing Process Expertise

Conduct periodic supplier visits (up to 30% travel) to understand manufacturing processes, capabilities, and cost structures

Apply industrial engineering principles to analyze supplier operations and identify improvement opportunities

Challenge supplier quotes with detailed should-cost analysis grounded in process understanding

Collaborate with suppliers on value engineering proposals and design optimization opportunities

Assess manufacturing feasibility and cost implications of design alternatives

Minimum Qualifications

Bachelor's degree in industrial engineering, manufacturing engineering, or mechanical engineering industrial engineering strongly preferred

5+ years of combined experience spanning: industrial engineering (cost analysis, process optimization, time studies, work measurement); mechanical product design and development; high-volume manufacturing; cost modeling, should-cost analysis, and MCBOM management; and Lean/process mapping methodologies

Proficiency with CAD software (SolidWorks, Creo, or similar) to evaluate designs and identify optimization opportunities

Advanced analytical skills with Excel and cost modeling tools

Excellent communication and coaching skills, with the ability to translate technical trade-offs into financial impact

Strong cross-functional collaboration skills and ability to influence without direct authority

Willingness to travel up to 30%, including international travel