COST ENGINEER

A Cost Engineer supports Woodward, Inc. by analyzing the cost impact of existing and new product designs, as well as design proposals or changes. Leveraging manufacturing process and design expertise, you play a crucial role in influencing product design decisions based on cost analysis. Your responsibilities include developing cost objectives for new products, coordinating product cost data across various functions within the organization, and serving as a key resource for cost-related information for all departments. You will collaborate with engineering, purchasing, manufacturing, and assembly teams to communicate cost requirements and address actions needed to achieve cost targets. Utilizing tools like aPriori, you will conduct cost analysis to identify potential cost reductions and recommend necessary changes. As a member of project teams, you will actively participate in meetings and reviews, including PLC Gate meetings, to ensure alignment on cost objectives. Additionally, you will provide support for other product cost analyses, offer guidance as needed, and share project/product cost data with relevant departments. Collaborating with designers and manufacturers, you will work towards achieving desired cost objectives and contribute to cost reduction programs. Regular updates to management on project statuses and active participation in company-wide cost modeling programs will be part of your routine responsibilities. In addition to managing and controlling product costs based on data analysis and process knowledge, you will actively engage in Continuous Improvement (CI) activities and support the development of processes and procedures. Your role also involves enhancing costing and analysis tools, driving lean projects using Six Sigma and lean tools, and providing product cost-related training to other team members. To excel in this role, you should possess the ability to read engineering drawings and Bills of Material (BOM), a good understanding of manufacturing processes, and basic project management skills. Strong communication skills, both written and verbal, are essential for effective collaboration across all levels of the organization. You should have proficiency in MS Office, particularly in Excel, and be comfortable working with ERP systems. Your organizational skills, ability to prioritize tasks, and experience with supplier negotiations will be valuable assets in this role. Required qualifications for this position include a Bachelor of Engineering (Mechanical) degree and experience in a related field such as Manufacturing, Manufacturing Engineering, Purchasing, or Engineering. Continuous Improvement certification (Lean, Green Belt, Black Belt, etc.) is also preferred. If you are a proactive and detail-oriented professional with a passion for cost analysis and product design, we encourage you to apply for this exciting opportunity at Woodward, Inc.,