Associate Should Costing Engineer

Bangalore, Karnataka
Permanent
Full-time

9 days ago

Associate Should Costing EngineerResponsibilities / TasksThe Should Costing Specialist is responsible for developing detailed cost models for components, assemblies, and systems, providing fact-based cost transparency to support supplier negotiations, and driving cost optimization across the organization. The role works cross-functionally with Procurement, Engineering, Production and Finance teams to enable informed decision-making and promote cost awareness.1. Should Cost AnalysisDevelop and maintain should-cost models for components, assemblies, and systems.Analyze material costs, manufacturing processes, labor, tooling, logistics, and overheads.Use industry benchmarks, market analysis, and cost databases to derive accurate cost estimates.2. Support for Supplier NegotiationsIdentify cost drivers and cost-saving opportunities in supplier quotations.Provide detailed cost breakdowns to support procurement in negotiation strategies.Participate as a technical cost expert in supplier discussions, when required.3. Cost Transparency & ReportingCompare supplier prices and actual costs with internal target costs.Highlight deviations and conduct root cause analysis for cost variances.Prepare clear reports, cost comparison charts, and presentations for management and internal stakeholders.4. Cross-Functional CollaborationCollaborate closely with Procurement, Engineering, Production, and Controlling teams.Support decisions related to supplier selection, make-or-buy analysis, and technology choices.Act as an internal consultant on cost-related topics.5. Data ManagementDevelop and maintain a centralized cost database for reference and future use.Ensure consistent documentation of calculation methods, assumptions, and results.Provide regular cost reporting and KPIs to management and stakeholders.6. Continuous ImprovementIdentify and implement best practices in should costing and cost transparency.Drive cost optimization initiatives and promote cost awareness across departments.Conduct internal training sessions on cost calculation and cost-saving methodologies.Your Profile / QualificationsBachelor’s Degree in Mechanical Engineering, Industrial Engineering, or equivalent.3-7 years of experience in cost engineering, should costing, value analysis, or manufacturing engineering.Mandatory software knowledge: TCPCM (Teamcenter Product Cost Management) – hands-on experience in building cost models using TCPCM is required.Strong understanding of manufacturing processes (machining, fabrication, casting, sheet metal, etc.).Solid knowledge of cost elements in materials, process times, logistics, tooling, and overheads.Proficiency in MS Excel and ERP systems (e.g., SAP).Strong analytical skills with ability to interpret cost data and present findings.Effective interpersonal and communication skills, with the ability to work cross-functionally.Experience supporting supplier negotiations or procurement is an added advantage.Did we spark your interest?
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