Principal Engineer - Should Costing

VAVE Engineer

This is a fantastic opportunity to grow in a professional, innovative, and supportive environment, take on new challenges, and sharpen your skills under the mentorship of seasoned professionals.

Key Responsibilities

• Drive VAVE initiatives by conducting in-depth cost analysis and identifying cost optimization opportunities.
• Perform detailed cost breakdowns of components and assemblies to uncover cost-saving potential.
• Support global supplier negotiations with fact based costing insights, highlighting cost drivers and realistic target pricing.
• Recommend design changes, alternative materials, and process improvements for cost reduction.
• Conduct product teardowns and benchmarking studies to evaluate industry best practices and pricing trends.
• Collaborate with engineering, procurement, and suppliers to validate cost structures and suggest improvements.
• Develop and maintain cost models and databases using tools like Excel and TC PCM.
• Analyze cost trends and generate actionable insights through data visualization and reporting.
• Maintain and update the VAVE savings funnel, ensuring a continuous pipeline of cost-reduction opportunities.
• Prepare impactful presentations and reports for key stakeholders.
• Ensure awareness and adherence to ISO 14001 & 45001 Standards. Qualifications and Experience.

SP Infocity, Hadapsar, Pune

Qualifications & Experience required to succeed in this role

• Educational Background:

  Bachelors degree in Mechanical Engineering or Production Engineering from a reputed institution.

• Professional Experience: 7 - 8 years

  of hands-on experience in Value Analysis/Value Engineering (VAVE) and Should Costing, preferably in a global manufacturing or engineering environment.

Key Skills & Competencies

• Deep expertise in VAVE methodology, including product teardowns, function cost analysis, and benchmarking.
• Strong background in cost estimation, Should Costing, and cost optimization techniques.
• Proficiency in tools like TC PCM, Power BI, and Advanced Excel.
• Analytical mindset with the ability to assess supplier cost structures and identify inefficiencies.
• Experience in market research, supplier benchmarking, and industry cost comparisons.
• Excellent problem-solving and collaboration skills in cross-functional environments.

What we offer

• As a

  Principal Engineer, Should Costing

  , you will be part of a dynamic and collaborative team focused on driving value engineering and cost optimization across global product lines. You will be working closely with in a cross-functional environment and,

  based on your performance

  , you may be given the

  opportunity to take ownership of a product group

  . With increased responsibility and contribution, there may also be

  opportunities for international exposure

  , depending on project requirements and your involvement. The role offers a strong platform for

  professional growth

  , global collaboration, and continuous skill enhancement in an innovation-driven setup.
• As we trust in Winning Together, we offer continuous learning and development which means that you will also get equal opportunities for self-development as a leader.
• Driving for better we offer a flexible & inclusive work environment where you can be yourself and enjoy Work-Life balance.
• We believe Doing the right thing by offering Competitive Salary.