Should Costing Engineer

Job Description

We are looking for an experienced Should Costing Engineer with 8+ years of expertise in cost analysis and supplier negotiation. The ideal candidate will be responsible for conducting benchmarking analyses, preparing cost estimation reports, and managing communication with stakeholders and suppliers. Key Responsibilities Perform comprehensive benchmarking analysis for components, assemblies, and overall products to identify cost-saving opportunities. Understand customer requirements and develop or apply appropriate should costing methods for accurate component/product cost estimation. Prepare and present detailed analytical reports on product costs, covering parts, assemblies, and overall product structures. Collaborate with internal and external stakeholders, ensuring clear communication of cost analysis, methodologies, and conclusions. Negotiate costs with suppliers, ensuring that project budgets and cost targets are met while maintaining high-quality standards. Conduct market research to stay updated on material prices, manufacturing processes, and industry cost trends. Engage in continuous improvement initiatives to enhance cost estimation accuracy and efficiency. Required Skills: Strong experience in product benchmarking and cost analysis. Proficiency in developing cost estimation models. Excellent communication skills for working with stakeholders and suppliers. Proven ability in cost negotiations with suppliers and vendors.