Costing Engineer

1 day ago

Chennai, India Intelizign Lifecycle Services Full time

Job Purpose:

As a Cost Engineer, you will drive cost transparency by implementing zero-based costing in various phases of a product. During the concept phase, providing estimate on part cost & tooling cost to guide business decisions followed by delivering detailed estimation to optimize part and tooling cost for series awarding. Further you will lead cost optimization efforts, applying innovative strategies to enhance material cost efficiency thereby improving business results.

Experience:

1.Cost Engineering

  1. Sourcing/ Sales with estimation knowledge

  2. New product development with process knowledge

  3. Tool design / Methods

  4. Manufacturing / Process Engineering

Knowledge and Skill Set:

Essential Knowledge: Casting & Machining (Ferrous/Non-Ferrous)

  • Hands-on experience in process design
  • Good knowledge on Zero-based costing & cycle time estimation
  • Strong knowledge in machine hour rate calculation.
  • Basic Knowledge in costing software such as TcPCM/ aPriori
  • Proficiency in analyzing data to identify patterns, trends, and opportunities for cost transparency.
  • Experience in negotiation and settlement of part and tooling costs.
  • Cost-conscious with a drive to generate VAVE (Value Analysis/Value Engineering) ideas.
  • Ability to estimate and analyze manufacturing costs, including materials, labor, overhead, and other expenses, to optimize production efficiency and cost-effectiveness.
  • Effective communication skills to collaborate with cross-functional teams, present cost-related information to stakeholders, negotiate with suppliers, and explain complex cost concepts clearly and concisely.
  • Updated market knowledge on raw material rates, grades, and suppliers in the Asian market

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