
Mechanical Cost Engineer
2 days ago
We are seeking a highly skilled and detail-orientedMechanical Cost Engineerwith expertise in cost analysis, spend analysis, should-costing, and value engineering for Make as per Printparts and OEM/Commercial components. The ideal candidate will possess a solid understanding of engineering processes, manufacturing methods, and design principles to accurately estimate costs and ensure competitive pricing. This role requires strong analytical capabilities, including spend and cost optimization strategies, and the ability to collaborate effectively across departments to drive cost efficiency while maintaining product quality and engineering excellence.
Key Responsibilities:
- Conduct detailed cost analysis for manufacturing Make as per Printparts and OEM/Commercial components.
- Develop should-cost models based on manufacturing processes, material usage, labor, tooling, and overhead.
- Evaluate supplier quotations to ensure cost competitiveness.
- Perform comprehensive spend analysis to identify cost-saving opportunities by analyzing purchasing patterns, material consumption, and supplier spend data.
- Segment and classify spending into categories to identify trends and opportunities for cost optimization.
- Support the development of procurement strategies by identifying high-spend areas and benchmarking costs across the market.
- Utilize data analytics tools (e.g., Excel, Power BI, or similar software) to provide insights into spending behavior and recommend actionable improvements.
- Understand and analyze engineering drawings, specifications, and design requirements.
- Collaborate with design and engineering teams to ensure manufacturability and cost optimization.
- Identify opportunities for cost reduction without compromising quality or design integrity.
- Work closely with suppliers to analyze cost drivers and negotiate pricing.
- Validate supplier capabilities and ensure alignment with project requirements.
- Drive value engineering initiatives to enhance cost efficiency.
- Perform cost variance analysis to identify areas of improvement.
- Prepare detailed cost breakdowns and cost models for stakeholders.
- Maintain a database of standard costs for materials, processes, and components.
- Support procurement, sourcing, and supply chain teams with cost inputs.
- Coordinate with cross-functional teams (engineering, manufacturing, and quality) to ensure seamless project execution.
- Finding more cost-effective alternatives to current products or services and reducing unnecessary or redundant spending.
- Engage in techno-commercial discussions and provide strategic support to supply chain leaders across group companies globally, ensuring alignment on cost, quality, and delivery objectives.
Qualifications and Skills:
- Educational Background:
- Bachelor s degree in mechanical engineering or a related field.
Experience:
- 8+ years of experience in cost estimation, should-costing, spend analysis, or cost engineering, preferably in manufacturing or automotive industries.
Technical Skills:
- Strong understanding of manufacturing processes (CNC machining, Fabrication, casting, forging, sheet metal, Assembly etc.) and engineering materials.
- Proficiency in reading and interpreting engineering drawings (GD&T knowledge is a plus).
- Familiarity with cost estimation tools and software.
- Knowledge of design processes and product lifecycle management (PLM).
Soft Skills:
- Excellent analytical and problem-solving abilities.
- Strong communication and negotiation skills to interact with suppliers and internal stakeholders.
- Ability to work independently and in cross-functional teams.
Additional Preferences:
- Knowledge of industry standards and benchmarks.
- Exposure to global supply chains and cost structures.
What We Offer:
- A challenging role with opportunities for career growth.
- Exposure to cutting-edge engineering and manufacturing practices.
- A collaborative and dynamic work environment.
-
Cost Engineer
1 week ago
Chennai, Tamil Nadu, India Caterpillar Inc Full time US$ 90,000 - US$ 1,20,000 per yearCareer Area:EngineeringYour Work Shapes the World at Caterpillar Inc.When you join Caterpillar, you'rejoining a global team who cares not just about the work we do but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don'tjust talk about progress and innovation...
-
Engineer – Mechanical Design
2 days ago
Chennai, Tamil Nadu, India GE Vernova Full timeSummary Product Design Requisition Engineering of Drives products - Mechanical Essential Responsibilities Concept and Basic Mechanical design - Packaging of Electrical components Detail engineering and Validation of design NPI Localization and Development of Drives products - Mechanical Cost out DMP activities Qualifications Requirements ...
-
Costing Engineer
1 week ago
Chennai, Tamil Nadu, India Barry Wehmiller Full time US$ 90,000 - US$ 1,20,000 per yearJob Summary:We are seeking a highly skilled and detail-oriented Lead Engineer - Costing with expertise in cost analysis, spend analysis, should-costing, and value engineering for "Make as per Print" parts and OEM/Commercial components. The ideal candidate will possess a solid understanding of engineering processes, manufacturing methods, and design...
-
Mechanical Engineer
1 week ago
Chennai, Tamil Nadu, India HYC Precision Engineering Private Limited Full time ₹ 1,04,000 - ₹ 1,30,878 per yearJob Title:Mechanical EngineerCompany Name:HYC Precision Engineering Pvt LtdLocation:Chennai, Delhi and occasional travel across India.Job SummaryWe are seeking a Mechanical Engineer to design and develop mechanical modules formanual and automated equipment. The role involves ensuring designs meet safety andregulatory standards, supporting customized...
-
Cost Optimization Engineer
1 week ago
Chennai, Tamil Nadu, India beBeeCostEngineering Full time ₹ 9,00,000 - ₹ 12,00,000Job Title: Cost Optimization EngineerWe are seeking a detail-oriented Cost Optimization Engineer to lead the development of cost-efficient manufacturing processes and components. You will be responsible for creating detailed cost models, evaluating supplier quotations, and performing comprehensive spend analysis to identify opportunities for...
-
Mechanical Engineer
2 days ago
Chennai, Tamil Nadu, India beBeeMechanical Full time ₹ 9,00,000 - ₹ 12,00,000Are you a skilled professional with experience in designing and developing mechanical systems?About the RoleThis position involves performing engineering duties in the design or alteration of machines, sections, systems, units, or parts.We're looking for someone who can consider manufacturing feasibility, cost, and operation when making...
-
Mechanical Handling Engineer
2 weeks ago
Chennai, Tamil Nadu, India KBR Engineering Inc Full timeJob DescriptionTitle:Mechanical Handling EngineerJOB TITLE: Mechanical Handling EngineerREPORTS TO:Sr. Technical Professional LeaderJOB LOCATION:Chennai, Tamil NaduPosition Description:- Under general supervision, performs all conventional aspects of the Mechanical handling activities.- Plans, schedules, and conducts work requiring judgment in the...
-
Engineer - Mechanical Component
7 days ago
Chennai, Tamil Nadu, India GE VERNOVA Full time ₹ 1,04,000 - ₹ 1,30,878 per year**Summary****Activities contributing to the overall, specifically Mechanical, design and development of Inverter/Drives -Product/Systems/Solutions. Includes activities linked to technical improvement of existing products and components Accountable for the quality of own work. Subject to direct operations supervision/prescribed work instructions/systems...
-
Mechanical Engineer
2 weeks ago
Chennai, Tamil Nadu, India Rotork Full time- Mechanical Engineer Role Overview Lead the end-to-end design and development of electromechanical products especially Valve actuators from requirements capture through prototyping validation and production release Deliver innovative cost-effective and manufacturable solutions that meet stringent performance safety and compliance standards Key...
-
Senior Mechanical Engineer
1 week ago
Chennai, Tamil Nadu, India Barry-Wehmiller Full time ₹ 9,00,000 - ₹ 12,00,000 per yearMid-level Mechanical Design Engineer with a minimum of 8+ years of work experience in machine design to support design projects. Experience in Industrial Automation Equipment and Machineries such as Concrete Precast machinery and discrete equipment is required. Essential duties and responsibilities:Performs, plans, and/or schedules detailed phases of the...