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Cost Engineer
3 weeks ago
Key Responsibilities:
- Perform detailed cost analysis of supplier quotations to identify key drivers across materials, labor, overhead, and profit margins.
- Develop and maintain accurate cost models (should-cost models) based on industry benchmarks and technical inputs.
- Support sourcing and procurement teams during supplier negotiations by providing cost-based insights and analysis.
- Collaborate with engineering, finance, and product development teams to align product designs with cost targets.
- Assess supplier manufacturing processes and operational efficiency to identify opportunities for cost reduction.
- Monitor raw material markets, labor rates, and macroeconomic trends affecting supplier pricing.
- Drive initiatives to enhance cost transparency and continuous improvement across the supplier base.
- Document and present findings, models, and recommendations to internal stakeholders.
Job Requirements:
- Strong analytical skills with ability to analyze complex data sets.
- Excellent communication and presentation skills.
- Ability to work effectively in a team environment.
- Knowledge of cost accounting principles and practices.
- Understanding of supply chain management and procurement processes.
Benefits:
- Competitive salary and benefits package.
- Opportunities for professional growth and development.
- Collaborative and dynamic work environment.
