Associate Should Costing Engineer

2 weeks ago


Bengaluru, India GEA Group Full time

Responsibilities / Tasks
The Should Costing Specialist is responsible for developing detailed cost models for components, assemblies, and systems, providing fact-based cost transparency to support supplier negotiations, and driving cost optimization across the organization. The role works cross-functionally with Procurement, Engineering, Production and Finance teams to enable informed decision-making and promote cost awareness.

  • Should Cost Analysis
  • Develop and maintain should-cost models for components, assemblies, and systems.
  • Analyze material costs, manufacturing processes, labor, tooling, logistics, and overheads.
  • Use industry benchmarks, market analysis, and cost databases to derive accurate cost estimates.
  • Support for Supplier Negotiations
  • Identify cost drivers and cost-saving opportunities in supplier quotations.
  • Provide detailed cost breakdowns to support procurement in negotiation strategies.
  • Participate as a technical cost expert in supplier discussions, when required.
  • Cost Transparency & Reporting
  • Compare supplier prices and actual costs with internal target costs.
  • Highlight deviations and conduct root cause analysis for cost variances.
  • Prepare clear reports, cost comparison charts, and presentations for management and internal stakeholders.
  • Cross-Functional Collaboration
  • Collaborate closely with Procurement, Engineering, Production, and Controlling teams.
  • Support decisions related to supplier selection, make-or-buy analysis, and technology choices.
  • Act as an internal consultant on cost-related topics.
  • Data Management
  • Develop and maintain a centralized cost database for reference and future use.
  • Ensure consistent documentation of calculation methods, assumptions, and results.
  • Provide regular cost reporting and KPIs to management and stakeholders.
  • Continuous Improvement
  • Identify and implement best practices in should costing and cost transparency.
  • Drive cost optimization initiatives and promote cost awareness across departments.
  • Conduct internal training sessions on cost calculation and cost-saving methodologies.

Your Profile / Qualifications

  • Bachelor's Degree in Mechanical Engineering, Industrial Engineering, or equivalent.
  • 3-7 years of experience in cost engineering, should costing, value analysis, or manufacturing engineering.
  • Mandatory software knowledge: TCPCM (Teamcenter Product Cost Management) – hands-on experience in building cost models using TCPCM is required.
  • Strong understanding of manufacturing processes (machining, fabrication, casting, sheet metal, etc.).
  • Solid knowledge of cost elements in materials, process times, logistics, tooling, and overheads.
  • Proficiency in MS Excel and ERP systems (e.g., SAP).
  • Strong analytical skills with ability to interpret cost data and present findings.
  • Effective interpersonal and communication skills, with the ability to work cross-functionally.
  • Experience supporting supplier negotiations or procurement is an added advantage.

Did we spark your interest?
Then please click apply above to access our guided application process.



  • Bengaluru, Karnataka, India GEA Group Full time ₹ 5,00,000 - ₹ 15,00,000 per year

    Responsibilities / TasksThe Should Costing Specialist is responsible for developing detailed cost models for components, assemblies, and systems, providing fact-based cost transparency to support supplier negotiations, and driving cost optimization across the organization. The role works cross-functionally with Procurement, Engineering, Production and...

  • Cost Engineer

    2 weeks ago


    Bengaluru, India SWITS DIGITAL Private Limited Full time

    Job Description Job Description Cost Engineer (Should Costing) Location: Bangalore Experience: 3 5 Years Qualification: B.E/B.Tech (Mechanical) No. of Openings: 1 Mandatory Skills - Strong should costing expertise in Sheet Metal, Casting, Machining, and Plastic components. - Hands-on experience in building and customizing aPriori Virtual Production...

  • Should Costing

    1 week ago


    Bengaluru, India Rapid Global Business Solutions Full time

    **Costing Engineer - Sheetmetal (Consultant)** **Eligibility Criteria**: *** - Minimum 4 to 6 years of relevant experience in costing engineering components - Bachelor's degree in Mechanical/Production Engineering with min. 4 years of experience (or) Diploma in Mechanical/Production/Tool & Die making with min 6 years of experience **Responsibilities**: -...


  • Bengaluru, Karnataka, India GEA Group Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    Responsibilities / TasksThe Should Costing Specialist is responsible for developing detailed cost models for components, assemblies, and systems, providing fact-based cost transparency to support supplier negotiations, and driving cost optimization across the organization. The role works cross-functionally with Procurement, Engineering, Production and...


  • Bengaluru, Karnataka, India MKS Inc. Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    A Day in Your Life at MKS:As a Should Cost Analyst in our Global Supply Chain group, you'll be part of a collaborative and inclusive international team that values innovation, mutual respect, and diversity. Each day, you'll interact with cross-functional teams across engineering, procurement, manufacturing, and category management to analyze and model...


  • Bengaluru, Karnataka, India MKS Instruments Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    A Day in Your Life at MKS:As a Should Cost Analyst in our Global Supply Chain group, you'll be part of a collaborative and inclusive international team that values innovation, mutual respect, and diversity. Each day, you'll interact with cross-functional teams across engineering, procurement, manufacturing, and category management to analyze and model...


  • Bengaluru, India MKS Instruments Full time

    A Day in Your Life at MKS: As a Should Cost Analyst in our Global Supply Chain group, you'll be part of a collaborative and inclusive international team that values innovation, mutual respect, and diversity. Each day, you'll interact with cross-functional teams across engineering, procurement, manufacturing, and category management to analyze and model...


  • Bengaluru, Karnataka, India MKS Instruments Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    A Day in Your Life at MKS:As a Should Cost Analyst in our Global Supply Chain group, you'll be part of a collaborative and inclusive international team that values innovation, mutual respect, and diversity. Each day, you'll interact with cross-functional teams across engineering, procurement, manufacturing, and category management to analyze and model...

  • Should Casting

    3 days ago


    Bengaluru, India Quess IT Staffing Full time

    **About Us** “Magna Infotech, now Quess IT Staffing, is India’s largest IT staffing company with over 20 years of experience in staffing IT professionals in 300+ companies across levels and skillsets. Our 10,000+ associates deployed in 80+ cities and towns are proficient in over 500 technological skills. Our associates help enable cutting edge solutions...

  • Value Engineering

    7 hours ago


    Bengaluru, India Illumina Full time

    What if the work you did every day could impact the lives of people you know? Or all of humanity?At Illumina, we are expanding access to genomic technology to realize health equity for billions of people around the world. Our efforts enable life-changing discoveries that are transforming human health through the early detection and diagnosis of diseases and...