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Rarr Technologies
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Value Engineering & Should cost analyst

Value Engineering & Should cost analyst

Rarr Technologies

3 - 8 years

5 - 10 Lacs

bengaluru

Posted:None| Platform:

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Skills Required

plm procurement supply chain sap data management analytical value engineering cad solid works analytics

Work Mode

Work from Office

Job Type

Full Time

Job Description

Primary Responsibilities

Support the development and maintenance of should-cost models across key commodity categories including but not limited to plastics, metals, electronics, and assemblies.
Collaborate with the Senior Analyst and cross-functional teams to gather data inputs (BOMs, 3D models, supplier quotes) required for cost modeling and analysis.
Prepare detailed cost breakdowns, validate supplier cost inputs, and format findings for review by Engineering, Procurement, and Finance.
Assist in tracking cost-saving opportunities through data analytics, dashboards, and supplier benchmarking.
Maintain internal cost databases, libraries, and documentation to ensure consistency and data accuracy across global programs.

Tasks and Responsibilities

Collect and analyze cost data (materials, labor, overheads) from suppliers and internal systems.
Format and prepare parametric model inputs in tools like
aPriori
, Excel, or similar tools.
Support the documentation of modeling assumptions, outputs, and change logs.
Conduct price variance and cost trend analysis to identify anomalies or opportunities.
Assist in preparing reports and presentations for senior leadership and sourcing teams.
Help monitor commodity price indices and update standard rates in the cost models.
Coordinate with Engineering, R&D, and Procurement teams to ensure timely flow of technical and commercial data.

Knowledge

Basic understanding of manufacturing processes for plastics, metals, electronics, and assemblies.
Familiarity with interpreting technical drawings, BOMs, and process routings.
Exposure to cost analysis or sourcing-related roles in a manufacturing environment.
Proficiency with MS Excel (lookup formulas, pivot tables), and ability to work with large datasets.
Awareness of supply chain structures and common cost drivers across direct material categories.

Skills and Competencies

3+ years of relevant experience in sourcing analytics, cost engineering support, or procurement operations.
Exposure to tools like
aPriori
, SAP, or PLM/CAD systems (SolidWorks/Creo) is a plus.
Detail-oriented with strong analytical and data management skills.
Good communication skills, capable of interacting across teams and geographies.
Willingness to learn and grow into more advanced modeling and supplier-facing roles.
Ability to manage multiple priorities and timelines with minimal supervision.

Education and Certifications

Bachelor s degree in Engineering, Supply Chain, Finance, or equivalent technical discipline.
Lean Six Sigma or Value Engineering exposure is preferred.

Certification or coursework in Excel, cost modeling, or procurement analytics is a plus.

Cost Analysis, Mechanical Engineer, Value Engineering

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