Manager - Value Engineering & Should-cost analysis

Illuminz

10 - 15 years

40 - 45 Lacs

bengaluru

Posted:1 day ago| Platform:

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Skills Required

plm supply chain costing sap analytical value engineering manufacturing engineering cost reduction solid works analytics

Work Mode

Work from Office

Job Type

Full Time

Job Description

Primary Responsibilities

Lead a team of cost analysts and drive global initiatives in should-cost modeling and value engineering across direct material categories (plastics, metals, electronics, assemblies).
Build organizational capability in cost modeling, parametric estimation, and design-to-value principles to influence product cost decisions and supplier negotiations.
Drive VAVE (Value Analysis / Value Engineering) workshops with cross-functional teams to identify product/process cost reduction and value improvement opportunities.
Oversee development and governance of parametric cost models using tools such as aPriori; ensure models are aligned with current manufacturing trends and global cost factors.
Collaborate closely with R&D, Engineering, Procurement, and Finance to shape cost-conscious product designs and supplier strategies during NPI and sustaining phases.
Institutionalize design-to-cost and design-for-manufacturing practices across development lifecycles.
Provide leadership in supplier clean-sheet negotiations and cost benchmarking; lead cost audits and deep-dive workshops with global suppliers.

People and Process Leadership

Coach and mentor a team of cost analysts; set clear goals, provide feedback, and build domain expertise.
Define standard operating procedures for should-cost analysis, value engineering reviews, and clean-sheet costing.
Act as the global point of contact for should-costing practices in specific categories or platforms.
Represent the cost/value engineering function in cross-functional forums, governance councils, and executive reviews.

Skills and Competencies

10+ years of experience in cost engineering, value engineering, or sourcing analytics, preferably in a global manufacturing or MedTech environment.
Proven team leadership with ability to influence across technical and commercial stakeholders.
Strong analytical and modeling skills; hands-on experience with aPriori, SolidWorks/Creo, SAP, and PLM tools.
Expertise in manufacturing processes, cost drivers, and supply chain dynamics across global regions.
Experience in facilitating cost/value workshops, driving supplier cost discussions, and delivering executive-ready insights.
Strategic thinking with a bias for execution and continuous improvement.

Preferred Qualifications

Bachelor s degree in Mechanical/Manufacturing Engineering, Industrial Engineering, or Supply Chain (Master s preferred).
Certified in Value Analysis / Value Engineering or Lean Product Development.
Familiarity with DFX principles (DFM/DFA), cost accounting, and operations strategy.

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