Supplier Cost Engineering Specialist

3 - 7 years

8 - 12 Lacs

Posted:5 days ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Key Responsibilities

  • Perform detailed cost analysis of supplier quotations to identify cost drivers across materials, labor, overhead, and profit margins
  • Develop and maintain accurate cost models (should-cost models) based on industry benchmarks and technical inputs
  • Support sourcing and procurement teams during supplier negotiations by providing cost-based insights and analysis
  • Collaborate with engineering, finance, and product development teams to align product designs with cost targets
  • Assess supplier manufacturing processes and operational efficiency to identify cost reduction opportunities
  • Monitor raw material markets, labor rates, and macroeconomic trends affecting supplier pricing
  • Drive cost transparency and continuous improvement initiatives across the supplier base
  • Document and present findings, models, and recommendations to internal stakeholders

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