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Costing Engineer

3 - 8 years

3 - 8 Lacs

Bengaluru Karnataka India

Posted:10 hours ago| Platform: Foundit logo

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Skills Required

Cost Analysis Virtual Production Environments (VPE) accurate cost models aPriori Support Value Engineering (VE) Design to Cost (DTC)

Work Mode

On-site

Job Type

Full Time

Job Description

Roles and Responsibilities

  • Conduct detailed

    should-cost analysis

    for various components, including

    sheet metal, casting, machining, and plastic parts

    , to support sourcing, design, and cost optimization initiatives
  • Build and maintain

    Virtual Production Environments (VPE)

    and develop accurate

    cost models

    using tools like

    aPriori

    or similar platforms
  • Collaborate with design, engineering, and procurement teams to evaluate cost drivers and identify cost-saving opportunities early in the product development cycle
  • Analyze supplier quotes and manufacturing processes to validate costs and recommend more cost-effective alternatives
  • Interpret engineering drawings, specifications, and 3D models to estimate manufacturing costs and assess process feasibility
  • Benchmark industry costs, technologies, and regional manufacturing practices to ensure competitive pricing
  • Support

    Value Engineering (VE)

    and

    Design to Cost (DTC)

    initiatives by providing cost impact assessments and process improvement recommendations
  • Work closely with global sourcing teams to develop target costing strategies and facilitate supplier negotiations
  • Develop and maintain costing databases, including labor rates, machine rates, material prices, and process parameters
  • Prepare and present cost analysis reports, cost breakdowns, and scenario comparisons to cross-functional stakeholders
  • Stay updated on manufacturing trends, cost modeling best practices, and aPriori software enhancements
  • Assist in training junior engineers or cross-functional partners on cost estimation methods and tools

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