Mechanical Cost Engineer

Mechanical Cost Engineer

Roles & Responsibilities:

• Conduct detailed

  cost analysis

  for manufacturing Make as per Print parts and OEM/Commercial components.
• Develop

  should-cost models

  based on manufacturing processes, material usage, labor, tooling, and overhead.
• Evaluate supplier quotations to ensure

  cost competitiveness

  .
• Perform comprehensive

  spend analysis

  to identify cost-saving opportunities and trends.
• Support the development of

  procurement strategies

  by identifying high-spend areas and benchmarking costs.
• Utilize

  data analytics tools

  (e.g., Excel, Power BI) to provide insights and recommend improvements.
• Understand and analyze engineering drawings, specifications, and design requirements.
• Collaborate with design and engineering teams to ensure manufacturability and cost optimization.
• Identify opportunities for

  cost reduction

  without compromising quality or design integrity.
• Work closely with suppliers to analyze cost drivers, negotiate pricing, and validate supplier capabilities.
• Drive

  value engineering initiatives

  to enhance cost efficiency.
• Perform

  cost variance analysis

  and prepare detailed cost breakdowns for stakeholders.
• Maintain a database of standard costs for materials, processes, and components.
• Support procurement, sourcing, and supply chain teams with cost inputs.
• Engage in

  techno-commercial discussions

  and provide strategic support to supply chain leaders globally.

Skills Required:

• Strong understanding of

  manufacturing processes

  (CNC machining, Fabrication, casting, forging, sheet metal, Assembly, etc.) and engineering materials.
• Proficiency in reading and interpreting

  engineering drawings

  (GD&T knowledge is a plus).
• Familiarity with cost estimation tools and software.
• Knowledge of design processes and product lifecycle management (PLM).
• Excellent analytical and problem-solving abilities.
• Strong communication and

  negotiation skills

  .
• Ability to work independently and in cross-functional teams.
• Knowledge of

  industry standards and benchmarks

  .
• Exposure to global supply chains and cost structures.
• Experience in cost estimation, should-costing, spend analysis, or cost engineering, preferably in manufacturing or automotive industries.

QUALIFICATION:

• Bachelor's degree in Mechanical Engineering or a related field.