Cost Engineer

Xylem is a Fortune 500 global water solutions company dedicated to advancing sustainable impact and empowering the people who make water work every day. As a leading water technology company with 23,000 employees operating in over 150 countries, Xylem is at the forefront of addressing the world's most critical water challenges. We invite passionate individuals to join our team, dedicated to exceeding customer expectations through innovative and sustainable solutions.The key responsibilities of this position are: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 categoryCosting Systems & global database maintenance: Time to time updating of process parameters such as Raw material prices, Machine hour rates, Labor rates, Cost Trends, Freight & TaxesUses 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 negotiationsActively 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 process, 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 Complete project assignments per established schedules.Pro-E/Creo knowledge a plusImportant Stakeholders/Key Interactions•    Global Commodity Managers •    New Product development/ R&D Leaders•    Global Suppliers . Part 2. Describe the PersonMinimum professional and educational background desired (include years of experience).4-Year bachelor's degree preferably in Mechanical Engineering/Production Engineering3 to 5 years' experience in supply chain, Manufacturing Process Plan and Execution methodologies in casting commodityOR4-Year bachelor's degree in Mechanical Engineering/Production Engineering2-Year Master Degree in Mechanical engineering/Production Engineering2 to 3 years' experience in supply chain, Manufacturing Process Plan and Execution methodologies in casting  commodityKey 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 plusGlobal 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 •     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.Join the global Xylem team to be a part of innovative technology solutions transforming water usage, conservation, and re-use. Our products impact public utilities, industrial sectors, residential areas, and commercial buildings, with a commitment to providing smart metering, network technologies, and advanced analytics for water, electric, and gas utilities. Partner with us in creating a world where water challenges are met with ingenuity and dedication; where we recognize the power of inclusion and belonging in driving innovation and allowing us to compete more effectively around the world.