Associate Should Costing Engineer
3 days ago
Responsibilities / Tasks
The Should Costing Specialist is responsible for developing detailed cost models for components, assemblies, and systems, providing fact-based cost transparency to support supplier negotiations, and driving cost optimization across the organization. The role works cross-functionally with Procurement, Engineering, Production and Finance teams to enable informed decision-making and promote cost awareness.
- Should Cost Analysis
- Develop and maintain should-cost models for components, assemblies, and systems.
- Analyze material costs, manufacturing processes, labor, tooling, logistics, and overheads.
- Use industry benchmarks, market analysis, and cost databases to derive accurate cost estimates.
- Support for Supplier Negotiations
- Identify cost drivers and cost-saving opportunities in supplier quotations.
- Provide detailed cost breakdowns to support procurement in negotiation strategies.
- Participate as a technical cost expert in supplier discussions, when required.
- Cost Transparency & Reporting
- Compare supplier prices and actual costs with internal target costs.
- Highlight deviations and conduct root cause analysis for cost variances.
- Prepare clear reports, cost comparison charts, and presentations for management and internal stakeholders.
- Cross-Functional Collaboration
- Collaborate closely with Procurement, Engineering, Production, and Controlling teams.
- Support decisions related to supplier selection, make-or-buy analysis, and technology choices.
- Act as an internal consultant on cost-related topics.
- Data Management
- Develop and maintain a centralized cost database for reference and future use.
- Ensure consistent documentation of calculation methods, assumptions, and results.
- Provide regular cost reporting and KPIs to management and stakeholders.
- Continuous Improvement
- Identify and implement best practices in should costing and cost transparency.
- Drive cost optimization initiatives and promote cost awareness across departments.
- Conduct internal training sessions on cost calculation and cost-saving methodologies.
Your Profile / Qualifications
- Bachelor's Degree in Mechanical Engineering, Industrial Engineering, or equivalent.
- 3-7 years of experience in cost engineering, should costing, value analysis, or manufacturing engineering.
- Mandatory software knowledge: TCPCM (Teamcenter Product Cost Management) – hands-on experience in building cost models using TCPCM is required.
- Strong understanding of manufacturing processes (machining, fabrication, casting, sheet metal, etc.).
- Solid knowledge of cost elements in materials, process times, logistics, tooling, and overheads.
- Proficiency in MS Excel and ERP systems (e.g., SAP).
- Strong analytical skills with ability to interpret cost data and present findings.
- Effective interpersonal and communication skills, with the ability to work cross-functionally.
- Experience supporting supplier negotiations or procurement is an added advantage.
Did we spark your interest?
Then please click apply above to access our guided application process.
-
Senior Should Costing Engineer
3 days ago
Bengaluru, Karnataka, India GEA Group Full time ₹ 20,00,000 - ₹ 25,00,000 per yearResponsibilities / TasksThe Should Costing Specialist is responsible for developing detailed cost models for components, assemblies, and systems, providing fact-based cost transparency to support supplier negotiations, and driving cost optimization across the organization. The role works cross-functionally with Procurement, Engineering, Production and...
-
Should Cost Analyst/Engineer
23 hours ago
Bengaluru, Karnataka, India MKS Instruments Full time ₹ 20,00,000 - ₹ 25,00,000 per yearA Day in Your Life at MKS:As a Should Cost Analyst in our Global Supply Chain group, you'll be part of a collaborative and inclusive international team that values innovation, mutual respect, and diversity. Each day, you'll interact with cross-functional teams across engineering, procurement, manufacturing, and category management to analyze and model...
-
Costing Engineer
1 week ago
Bengaluru, Karnataka, India Valuenect Solutions Llp Full time ₹ 9,00,000 - ₹ 12,00,000 per yearUnderstand engineering drawings and be familiar with manufacturing processes related to Precision Machining and Sheet Metal parts and assemblies.Should have experience in vendor development and costing. Must be capable of performing detailed cost analysis for individual parts and assemblies to arrive at the final cost per unit.Should be proficient in soft...
-
Costing Engineer
3 days ago
Bengaluru, Karnataka, India Acesoft Labs Full time ₹ 9,00,000 - ₹ 12,00,000 per yearRole & responsibilitiesStrong should costing knowledge of Sheet metal, Casting, Machining and Plastic components.Should have good knowledge of building aPriori Virtual Production Environment (VPE) & Cost Modeling.Should cost of the existing or new Sheet Metal, Casting, Machining, Plastic components. Build / Customize cost models for required processes in...
-
Cost Engineer
3 days ago
Bengaluru, Karnataka, India Chevron Full time ₹ 6,00,000 - ₹ 12,00,000 per yearTotal Number of Openings1Cost EngineerThe Chevron Engineering and Innovation Excellence Center (ENGINE) in Bengaluru India brings together the resources and expertise of the Chevron global network with talent in India to enhance agility and technological innovation to optimize solutions for the world's current and future energy challenges. As one of the...
-
Cost Engineer
3 days ago
Bengaluru, Karnataka, India Chevron Full time ₹ 15,00,000 - ₹ 25,00,000 per yearTotal Number of Openings1Cost EngineerThe Chevron Engineering and Innovation Excellence Center (ENGINE) in Bengaluru India brings together the resources and expertise of the Chevron global network with talent in India to enhance agility and technological innovation to optimize solutions for the world's current and future energy challenges. As one of the...
-
HVAC Costing Engineer
7 days ago
Bengaluru, Karnataka, India Astra Airtech Pvt Ltd - factory 1 Full time ₹ 14,40,000 - ₹ 48,00,000 per yearWe are looking for a Product Manager (Costing & Engineering) to lead the technical and commercial development of our products from concept to completion. The ideal candidate should have a strong background in product design, manufacturing processes, and cost analysis, with the ability to coordinate between design, production, and sales teams to ensure...
-
HR Associate
1 week ago
Bengaluru, Karnataka, India MoSahay Associate Full time ₹ 1,80,000 - ₹ 3,00,000 per yearDesignation - HR AssociateLocation - ChennaiEducation - Bcom or BMSExperience - Atleast one year of experience in HR domain and accountant ** Key Responsibilities:** * Assist in end-to-end recruitment process — sourcing, screening, scheduling interviews, and onboarding * Maintain employee records, attendance, and leave management * Handle payroll inputs...
-
Costing Engineer
1 week ago
Bengaluru, Karnataka, India Domnic Lewis Full time ₹ 8,00,000 - ₹ 12,00,000 per yearWe are hiring for a global client in electronics manufacturer of cables, connectors, wiring harness at Bangalore Whitefield location.Years of experience : 5-10 yearsEducation: B.E/B.TechProduct Costing: Calculate and analyze the cost of cable assembly products through working with Cross functional teams like Engineering, MIE and sourcing, ensuring accuracy...
-
Associate Director, Cost Management
5 days ago
Bengaluru, Karnataka, India Turner & Townsend Full time ₹ 12,00,000 - ₹ 36,00,000 per yearCompany DescriptionAt Turner & Townsend we're passionate about making the difference. That means delivering better outcomes for our clients, helping our people to realize their potential, and doing our part to create a prosperous society.Every day we help our major global clients deliver ambitious and highly technical projects, in over 130 countries...