Job Description

Purpose of the Role
Cost Engineer is responsible to develop part level target costing, prepare detailed should cost estimate and apply it to achieve design to cost and source to cost; generate and syndicate cost reduction ideas through competition teardown, benchmarking, should cost analysis, VAVE, analytical levers etc and achieve aggregate cost reduction targets with engineering and purchase; work with vehicle module teams to achieve cost targets; cross deploy the ideas across TML needs; develop category specific key components or subassemblies knowledge repository covering competition, technology, products, manufacturing processes etc and apply it in developing cost models.
Job Responsibility
Develop target costing and establish detailed should cost estimates for the components (Casting ,Forging/ Body & Trims/ Proprietary Mechanical /Proprietary Electrical Cost and Tooling)
Generate directional cost / reference cost / detail should cost targets for components based on various inputs available across product development stages Mature the directional/reference cost targets of the components to detail should cost as the design evolves. Independently create error free should cost models Develop tooling cost estimates using should cost / reference cost models for calculating tooling should-cost, and provide inputs for Capex target setting Establish target cost for the components
Ensure/ deliver design to cost and source to cost targets achievements for the component targets of programs.
Pursue component cost targets with engineering to achieve the design to cost targets for new programs Perform cost driver analysis, design cost analysis on components to achieve design to cost targets. Perform Supplier Quotation analysis with respect to should cost model and develop supplier negotiation fact pack for components Perform Linear price performance models and generate opportunities to improve cost performance Generate, provide valuation and syndicate cost reduction ideas based on should cost driver analysis in cost reduction workshops to achieve component subsystem cost reduction targets. Benchmarking , competition should costing , best of Best cost driver analysis and its application into various projects to drive cost efficiencies Perform data analysis and execute analytics based levers for idea generation (LPP, Weight Tree Cost Tree, Function Cost etc ) Prepare component/subsystem specific supplier negotiation fact pack and support purchase CTL in achievement of should cost with supplier
Develop component/subsystem knowledge repository covering competition, technology, products, processes etc and apply it in developing cost models
Prepare and syndicate cost models for new technology , supplier proprietary parts Prepare scenarios on impact of choice of future technology on cost structure investment, supplier selection etc Improve accuracy of should cost models Prepare parametric cost models for part types to increase the coverage of parameterization Perform TGR and TGW of design to cost and sourcing to cost targets Being part of business case evaluation and build central repository of cost saving ideas and apply across the portfolio
Annual cost reduction target for the sub systems / modules
Prepare execute idea generation and syndication plan Achieve E+ ( syndicated) as per the target glide path for various modules in targeted VCs
Stakeholder Profiles & Nature of Interactions
Internal
Cost Managers DWM on delivery of target costs and capex costs
Purchase Buyers Review and finalize negotiation fact pack and negotiation support with respect to should cost
ERC CoC Jointly Prepare workshop plans Generate and syndicate cost reduction idea during DR0-DR1/DMU stage for Design to Cost & support for target cost
Vehicle Module Team Idea generation and syndication workshops Review module cost, risks and opportunities
Desired Candidate Profile
Education-Graduation in Engineering (MBA,ICWA Preferred)
Relevant Experience :3 to 7 years of experience in the domain of technology type company (Auto Ancillary and manufacturing process e.g., casting, forging, electrical, electronic Plastics, Sheet Metal).
Good Knowledge of latest trend in technologies
In depth knowledge of manufacturing processes
Experience of cost reduction programs
Experience in lean manufacturing or six sigma programs will considered a plus.
Skills & Competencies
Model should cost tools and databases to develop the most cost-effective design and manufacturing options for key components or subassemblies
Function-cost-value analysis & cost reduction idea generation levers
Supply chain & value stream mapping
Financial Statement analysis of key tool makers
Commercial cost reduction and negotiation skill
Category specific software expertise such as CAD, PLM, FormSuite, flowmold, CapitalH, Autoform, SAP etc.