Job Title: Should Costing Engineer
Mandatory Skills
• 7–10 years of industry experience in should-cost/cost engineering
• Should-cost models, cost targets, manufacturing cost analysis
• DFM/DFA, VA/VE, cost reduction, and design-to-target
• BDI (Boothroyd Dewhurst), A-priori, or related costing software
• Manufacturing drawings, BOMs, and mechanical/electrical component costing
• Knowledge of casting, stamping, injection molding, extrusion, PCBA, harnesses, PCB, motors, or batteries
Job Description
Provide guidance to Designers/Design Engineers for proposed new or modified designs to achieve required function at minimum cost.
Apply design for assembly (DFA) and design for manufacturing (DFM) tools to analyse proposed new designs and propose potential improvements.
Work with engineering on a Design to Target approach in early product development planning
Develop cost targets for mechanical engine parts (Castings, Stamped parts, Extrusions, and injection moulded) based on information ranging from sample parts, CAD models and engineering drawings.
Develop cost targets for electrical engine parts (Harness, PCB, PCB assemblies, DC motors, Batteries) based on information ranging from schematics, CAD models and engineering drawings.
Provide should-cost analysis reports to procurement team for supplier negotiation purposes.
Do competitive benchmarking/ teardown analysis and develop should cost models.
Participate in value analysis (VA) and value engineering (VE) activities and generate cost reduction ideas on current production products.
Present project cost updates along with risks and opportunities to higher management on monthly basis.
Be a resource of cost information on assigned projects for the entire organization (upper management, marketing, sales, engineering, financial, manufacturing, etc).
Provide the organization with monthly cost reports and cost tracking of current product.
Required Qualifications
Bachelor's degree in mechanical, Manufacturing, Industrial or Electrical Engineering
7-10 years of industry experience
Proficient in BDI (Boothroyd Dewhurst Inc), A-priori or related costing software
Ability to read and understand manufacturing drawings
Working knowledge of a Bill of Material, its development and application.
Practical knowledge of VA/VE techniques and strong financial awareness
Functional understanding of 3D CAD software (Creo Preferred)
Proficient in Microsoft office.
Travel up to 10%
Preferred Qualifications
In-depth knowledge of Manufacturing processes (Casting, Stamping, Injection moulding, extrusion, PCBA) and compatible materials.
Lean Six Sigma Green Belt Preferred
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