Calculates bottom-up costs of future and series parts based on technical specifications, engineering design proposal, 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

Engineering degree and 5-7 years of relevant experience or 8 years of experience in lieu of degree
Requires working knowledge of related disciplines, passionate about manufacturing technology and enjoys continuously learning
Uses analytical thought to independently solve complex problems with minimal guidance and identify solutions
Willingness to travel occasionally to support global workshops, supplier negotiations and OSAs is required (NAFTA region and globally)
Experience in NX and SMARAGD/Platon preferred
Experience with procurement negotiation and value analysis

Cost Engineering Analyst III

Key skills