Should Costing Engineer

Location icon Hyderabad

Location iconJob Posted: August 7, 2024

Location iconExperience: 6-10(years)

Location iconJob Type: Permanent

Location iconQualifications: B.E/M. E Mechanical/Diploma or similar domain

About iLenSys:

iLenSys is a global professional services company with leading capabilities in digital technology service. Combining unmatched experience and specialized skills various industries, We are a trusted Digital Engineering and Enterprise Modernization partner, combining deep technical expertise and industry experience to help our clients anticipate what’s next. we offerings Technology operations services and proven solutions create a unique competitive advantage for our clients by giving them the power to see beyond.

Job Summary:

We are seeking a highly analytical and detail-oriented Should Costing Engineer to join our company. The ideal candidate will have a strong background in engineering, cost analysis, and a deep understanding of manufacturing processes.

Job Description:

  • Responsible for bench marking analysis for the overall products
  • Understanding customer requirements, use or develop suitable should costing methods for Component/Product estimation
  • Preparation/presentation of analytical reports and part/assemblies/products
  • Good communication with stakeholders, vendors
  • Expertise in handling suppliers for cost negotiations
     

Essential Skills:

  • Gather proposals, specifications and related documents and liaise with stakeholders in order to convert specifications to cost estimates for new and current products.
  • Utilize cost methodologies and tools and appropriate software models and packages to prepare and maintain reliable and accurate data.
  • Establish cost estimates of production processes and tooling costs and review alternatives or put forward recommendations for improvement.
  • Investigate and identify cost reduction opportunities through cost analysis review.
  • Contribute to cost monitoring and reporting systems and procedures and monitor trends.
  • Knowledge on using Apriori , Costomator or any specific tool used for should costing.
  • Develop templates for costing related to Components/Assemblies/Products, preferably in the field Metals and Plastics.
  • Analyze supplier quotes and provide information and data, which aids communications with suppliers and customers and achieves cost optimization.
  • Ensure supplier quotations meet ‘should cost’ estimates.
  • Support supplier meetings and negotiations to challenge quotation prices and aim for cost reductions to meet target costs.

 

Desired Skills:

  • Strong analytical skills.
  • Strong technical mindset and able to read and interpret technical data and translate to others.
  • Highly numerate with the ability to research, assemble manage and manipulate numerical information.
  • Good planning, communication, and interpersonal skills.
  • Self-motivated and highly organized.
Essential Skill set:
  • Hands on experience of managing complete existing product development activities (Namely Cost out, Quality and Product obsolescence) for product-based organizations.
  • Good experience on existing product development process and working with remote team.
  • Strong in mechanical engineering fundamentals
  • Excellent communication skills.
  • Minimum of 5~8 years of relevant engineering experience
  • Experience in Vendor Qualification, developing Manufacturing Quality plan, Tooling and component qualification & Thorough understanding of PPAP process.
Desirable Skill set:
  • Excellent organizational skills required to manage small and large projects.
  • Ability to apply engineering principles and practices in the design, development, and verification of possible solutions
  • Ability to develop design concepts and turn into finished/product launch.
  • Mechanical design knowledge ranging from component design to system level.
  • Knowledge on either one of the below processes
  • -Value engineering methodologies and how to apply them.

    -Quality Project execution and standards such as Risk assessment, Root cause analysis procedures, DFMEA, PFMEA, ISO, etc.

    -Obsolescence management

  • Knowledge of DFM & DFA with respect to ease of manufacture and assembly.
  • Oversee testing and analysis of products to determine product performance.
  • Knowledge of various fabrication methods for the manufacturing of metal and plastic parts – machining, welding, sheet metal fabrication, and injection molding is required.
  • Skilled in 3D modeling software (Solid Works) is preferred.

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iLenSys Technologies Pvt. Ltd.

8-2-293/82/L/231/ABC,
MLA Colony, Road No: 12, Banjara Hills,
Hyderabad, Telangana 500 034
Phone: 040 – 66998246, 040 – 66998234
Email: info@ilensys.com