Cost Engineer

Cost Engineer

Support design engineering product cost management activities through design-to-cost methods in new product development and core design.

Essential Functions and

Activities:

• Initiate, analyze and drive Design-to-Cost trackers for NPD projects.
• Perform should-cost modelling for fabricated components.
• Make similar-to estimates for new component designs based on library of existing components.
• Perform labor-time studies and establish standard times for new installations.
• Perform Value Analysis / Value Engineering (VAVE) activities to generate cost reduction ideas through identification of process and product efficiencies that will reduce overall costs.
• Establish cost tracking and analysis for costed BOMs outside and inside ERP systems.
• Support Procurement in analysis and review of supplier cost breakdowns to drive cost reduction opportunities through negotiations with suppliers.
• Support competitive vehicle benchmarking to provide input for future model development and target costs.
• Perform analysis on best manufacturing approach for new components based on material, volume etc.
• Identify cost reduction opportunities.
• All other duties as assigned.

Qualifications:

• Demonstrated experience interpreting engineering drawings into should-cost modelling tools
• Demonstrated systems experience:
  Excel, JD Edwards (or equivalent), CAD, PDM
• Practical knowledge of Value Analysis / Value Engineering (VAVE) techniques and strong financial awareness
• Minimum associate's degree in engineering or supply chain with background in manufacturing, Bachelors preferred

Benefits:

• Medical, Dental, Vision, 401(k)
• Company paid life insurance
• 10 company paid holidays
• Vacation and personal time

Equal Opportunity Employer