Sr Should cost engineer

3 days ago

Vadodara, India timesjobs Full time
Sr. Should Cost Engineer - Casting Engineering ITC Vadodara, Gujarat
Description
Sr. Should Cost Engineer Casting This role is pivotal in developing disruptive technology and business solutions, particularly in expanding Xylem's India Technology Center. Reporting to the Sr. Manager, Centre of Excellence Group in Vadodara, the candidate will lead cost engineering efforts for optimal costing and coordination of material purchasing globally. They will provide financial acumen in the target-setting costing process, ensuring competitive supplier pricing, and contribute to Xylem's Value Engineering Center of Excellence by analyzing component and product costs. Key Stakeholders/Interactions will be with Global Commodity Managers, New Product Development/R&D Leaders, and Global Suppliers to drive cost engineering efforts and ensure strategic collaboration.
Essential Duties/Principal Responsibilities:

Must possess knowledge of various casting manufacturing processes like sand casting, Investment casting, HPDC, GDC & lost foam casting.
Analyzing elements of Product Cost Structure including Material cost, process costs, direct labor, bill of materials, overhead, SG&A, Profit
Understanding of commodity global Market trends & historical datasets for casting category
Costing Systems & global database maintenance: Time to time updating of process parameters such as raw material prices, Machine hour rates, Labor rates, Cost Trends, Freight & Taxes
Uses best industry techniques and practices to establish fact-based pricing positions, best value determinations, and economic sourcing strategies.
Supporting global category and commodity managers in deriving negotiation strategies & actual price negotiations
Actively support New product program via providing should cost information for meeting target cost & monitoring the commercial gap closure with buyers.
Lead VAVE, teardown, and benchmarking projects using directional and other costing methodologies. Analyze the design features & suggest design change or ideas for cost reduction.
Developing high-level estimates for tooling and negotiation with tooling vendor.
Areas of expertise include understanding of design & drawings, GD&T, various manufacturing processes, tools and their process parameters, cost drivers, Process capabilities & fact-based negotiation techniques.
Plan and facilitate design reviews and workshop; working within cross-functional teams. Exert a shaping influence & drive project execution

Minimum Qualifications:

Bachelors degree in Mechanical Engineering/Production Engineering.
3-5 years of experience in supply chain and manufacturing process planning in casting commodities, or
Masters degree in Mechanical Engineering/Production Engineering.
2-3 years of experience in supply chain and manufacturing process planning in casting commodities.

Key Technical Skills and Knowledge:

Knowledge of various manufacturing process like sand casting, Investment casting, HPDC, GDC etc.
Ability to identify material used, manufacturing process, etc.
Costing analysis or design-to-cost experience a plus
Global insights of commercial database for major manufacturing processes
Problem-solving and data analytical skills.
Cost Gap Analysis (Supplier quote vs should cost) and capable of handling supplier negotiations.
Knowledge of international & industry standards.
Component development as per PPAP/APQP
Proficiency in Creo a plus
Project / Program Management skills
Value Engineering Certification (SAVE) a plus
Costing analysis or design-to-cost experience Xylem - India Technology Center
Interpersonal and communication skills with the ability to effectively manage tasks/priorities.
Effective communication in English is must.
Microsoft office package Excel and PowerPoint. Experienced user.

This role requires effective management of tasks and priorities along with strong problem-solving and analytical skills. Effective communication in English is essential.
Xylem is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status, or other characteristics protected by law.

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