Cost Engineer

Position Summary with Job Responsibilities

 
Position Name    Cost Engineer – Proprietary Electrical     Position level    Level 5
DEM position name    Lead Cost Engineering    DEM position level    Level 4
FEM position name    Not Applicable    FEM position level    Not Applicable 

Personal Profile
Education    Graduation in Engineering (MBA,ICWA Preferred)
Skills/ Competencies    1. Model should cost tools and databases to develop the most cost-effective design and manufacturing options for key components or subassemblies
2. Function-cost-value analysis & cost reduction idea generation levers
3. Supply chain & value stream mapping
4. Category specific software expertise such as CAD, PLM, FormSuite, flowmold, CapitalH, Autoform, SAP etc.
Relevant Experience :
1.    3 to 7 years of experience in the domain of technology type company (Auto Ancillary and manufacturing process e.g., casting, forging, electrical, electronic Plastics, Sheet Metal).
2.    Good Knowledge of latest trend in technology
3.    Experience in lean manufacturing or six sigma programs will considered a plus.

4. Experience in EV specific part development / Sourcing / Costing

Key Responsibilities:
S.N.    Key Responsibility & Key Tasks    Measures
1    Develop target costing and establish detailed should cost estimates for the components (Proprietary Electrical)
    •    Generate directional cost / reference cost / detail should cost targets for components based on various inputs available across product development stages
•    Mature the directional/reference cost targets of the components to detail should cost as the design evolves.
•    Independently create error free should cost models 
•    Develop tooling cost estimates using should cost / reference cost models for calculating tooling should-cost, and provide inputs for Capex target setting
•    Establish target cost for the components    •    On time delivery of target cost sign off
•    % age detailed should cost coverage at various gateways 
•    Directional within +/-10%, Intermediate within+/- 5%, Detailed – 0
 
2    Ensure/ deliver design to cost and source to cost targets achievements for the component targets of programs.
    •    Pursue component cost targets with engineering to achieve the design to cost targets for new programs
•    Perform cost driver analysis, design cost analysis on components to achieve design to cost targets.
•    Perform Supplier Quotation analysis with respect to should cost model and develop supplier negotiation fact pack for components  •    Perform Linear price performance models and generate opportunities to improve cost performance  •    Generate, provide valuation and syndicate cost reduction ideas based on should cost driver analysis in cost reduction workshops to achieve component subsystem cost reduction targets. •     Benchmarking ,  competition should  costing , best of Best cost driver analysis and its application into various projects to drive cost efficiencies •    Perform data analysis and execute  analytics based levers for idea generation (LPP, Weight Tree Cost Tree, Function Cost etc )