Calculates bottom-up costs of future and series parts based on technical specifications, engineering design proposal, Siemens NX 3D modeling, or part teardowns.
Considers materials, manufacturing process, labor, variable and fixed costs according to both global and regional inputs within aggregate specific guidelines.
Calculates part cost targets in New Product Development and acts as consultant to Engineering for design to target.
Supports Procurement with strategy and supplier negotiation by analyzing price breakdowns, bill of materials and cost structures from suppliers to support gap analysis.
Supports or leads specific commodities in the Lead Cost Engineering global platform.
Proposes cost avoidance and cost down measures for design, material, production process.
Present cost saving initiatives to upper management, commodity teams and suppliers.
Estimates and evaluates part tooling cost based on business case.
Verifies incoming supplier development costs versus specification needs.
Conducts product benchmarking, evaluates alternative technologies, analyzes processes at suppliers and leads cost down workshops.
Represents Cost Engineering in cross functional project teams, supports supplier onsite assessments (OSA).

Requirements

Bachelors in Engineering, supply chain management, or operations management or related field or 6 years of relevant experience in lieu of degree.
1-2 years of experience working with technical designs or commercial negotiations or related field.
Willingness to travel occasionally to support global workshops, supplier negotiations and OSAs is required. (NAFTA region and globally).
Passionate about manufacturing technology and enjoys continuously learning.
Microsoft Office skills (Word/excel/Powerpoint) are required.
Experience with procurement negotiation and value analysis.
Experience in NX and SMARAGD preferred.
Experience and interest in assembly/disassembly of parts/tools, seeking investigative curiosity to understand foundational basis and promote innovative thinking.
Experience collaborating with cross-functional teams to meet cost, schedule and performance targets is preferred.
Communicate and align with local/global colleagues from different departments.
Experience with digitalization tools is preferred, platforms such as but not limited to: PowerBI. Tableau, Alteryx, Power Platform, etc.

Benefits

annual bonus program
401k company contribution with company match up to 6 %
non-elective company contribution of 3 - 7% depending on age
starting at 4 weeks paid vacation
15 calendar holidays
8 weeks paid parental leave
employee assistance program
comprehensive healthcare plans and wellness programs
onsite fitness (at some locations)
tuition assistance
volunteer paid time off
short-term and long-term disability plans

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

cost estimationcost analysistechnical designprocurement negotiationvalue analysisproduct benchmarkingcost down measurestooling cost estimationSiemens NXSMARAGD

Soft Skills

communicationcollaborationanalytical thinkingproblem-solvingnegotiationcuriosityinnovative thinkingpresentation skillscross-functional teamworkadaptability