Cost Engineer

1 week ago

Chennai India Hitachi Ltd. Full time

Description

Company Information:

Hitachi Energy is a pioneering technology leader that is helping to increase access to affordable, reliable, sustainable, and modern energy for all. We help to power your home, keep the factories running, and our hospitals and schools open. Come as you are and prepare to get better as you learn from others. Bring your passion, bring your energy, and plug into a team that appreciates a simple truth: Diversity + Collaboration = Great Innovation.

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About the business:

The Hitachi Energy Indian Operations Center (INOPC) is a competence center with around 2300 skilled engineers who focus on tendering, engineering, planning, procurement, project Management, functional system testing, installation supervision, documentation and commissioning. However, over the last decade, it has evolved to become the largest Operations hub.. The India Operations Centre team at Chennai, Bangalore and Gurugram supports Hitachi Energy's units in more than 40 countries across a wide portfolio of all the four business units in Hitachi Energy To date, the team has executed engineering and commissioning for projects in more than 80 countries.

Your Responsibilities:

  • Lead all activities related to cost engineering within the assigned scope of work.

  • Utilize cost methodologies, tools and appropriate software models and provide expert knowledge in cost analysis, manufacturing processes, material/supplier comparison etc.

  • Work proactively towards cost target objectives and sourcing strategy in collaboration with Strategic Buyers, Category Managers, NPI Teams and R&D.

  • Investigate and identify cost reduction opportunities through cost analysis review for new as well as existing parts/products.

  • Maintain reliable and accurate data related to raw materials, processes, machines, labor rates etc. relevant to the scope of work.

  • Requires knowledge of at least one Cost estimation software's such as 'aPriori', PCS/PCM-Team Center, DFMA and SEER Tool-Galorath'.

  • Analyze supplier manufacturing process, infrastructure and quotes and provide arguments with data to aid communication with suppliers and customers and achieve cost optimization.

  • Support supplier meetings and negotiations to challenge prices and aim for cost reductions to meet target costs.

  • Support and utilize experience to aid best practice in the supplier process in conjunction with buyers.

  • Take end to end responsibility for the full scope interacting with all internal and external stakeholders as require.

  • Safety and Integrity: Living Hitachi Energy's core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business.

  • Living Hitachi Energy's core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business.

Your Background:

  • A bachelor's degree in electrical & Electronics /Mechanical/Production/Material Sciences Engineering, master's degree is a plus.

  • 7 to 10 years in similar industry or automobile or aerospace.

  • Deep understanding of various cost models viz. Should Costing, Directional Costing, Linear Performance Pricing, Price History, Benchmarking etc.

  • Knowledge and understanding of a variety of manufacturing processes and components and ability to evaluate and analyses associated costs.

  • Work exposure to different supply regions such as China, India, Europe, and US.

  • Good experience in Supplier assessments, workshop, and negotiations.

  • Exposure to Design for Manufacturing would be an advantage.

  • Ability to coordinate with cross functional and cross geographical teams, Flexibility to travel min 10%.

  • Excellent Analytical and communication skills

  • Proficiency in both spoken & written English language is required.

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