Cost Analyst

Pepperl+Fuchs Group; Bengaluru; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Pepperl+Fuchs Group in Bengaluru seeks a Cost Analyst to analyze and optimize PCB and mechanical component costs. You will use should-costing tools such as Tset to identify savings, support supplier negotiations, and improve overall cost competitiveness.

Responsibilities include cost modeling, data analysis, and collaboration with procurement, R&D, and suppliers to drive design-to-cost initiatives across new products and commodities.

Qualifications

• Degree in Electrical, Electromechanical, Mechanical Engineering or related field.
• 4–10 years of experience in Cost Engineering or Cost Analysis.
• Proficiency in English and Kannada.
• Strong knowledge of PCB manufacturing and mechanical processes (turning, stamping, die casting).
• Experience with cost estimation methods and should-costing tools (aPriori, Tset).

Responsibilities

• Conduct should-costing and detailed cost breakdown analyses to establish target prices.
• Analyze materials, processes, labour and overhead costs to identify drivers and savings.
• Develop cost models, perform simulations and evaluate cost parameters for pricing and sourcing decisions.
• Assess PCB and mechanical manufacturing processes and evaluate cost drivers.
• Utilize costing software (aPriori, Tset) for should-cost calculations.
• Support supplier price negotiations through detailed cost analysis and benchmarking.
• Collaborate with suppliers, procurement, and R&D to identify cost optimization opportunities.
• Contribute to design-to-cost initiatives and expand costing to new products and commodities.

Skills

Cost analysis

Should-costing

Cost modeling

Data analysis

Analytical thinking

Negotiation

Communication

Education

Electrical Engineering / Electromechanical / Mechanical Engineering degree

Tools

aPriori

Tset

Job description

Job Description:

At Pepperl+Fuchs, we combine a strong commitment to innovation with a deep respect for the traditions that have shaped our success. From renewable energy and automotive production to water treatment plants and chemical systems, our advanced electronic sensors and automation components enable smooth and safe operations around the globe.
We take pride in fostering a supportive and collaborative workplace culture, where employees feel connected and valued - much like a close-knit family. As we continue to grow, we are excited to welcome a new team member for the following position:

Job Advertisement: Cost Analyst

1. Role Purpose

The Cost Analyst will analyze and optimize material and product costs, initially focusing on PCBs and mechanical components, with scope to expand to other commodities and complete product cost analysis. The role will utilize should-costing tools such as Tset to identify cost-saving opportunities, support supplier negotiations, and improve overall cost competitiveness.

2. Major Accountabilities & Key Responsibilities

• Conduct should-costing and detailed cost breakdown analyses to establish target prices for purchased components.
• Analyze material, manufacturing process, labour, and overhead costs to identify cost drivers and cost-saving opportunities.
• Develop cost models, perform simulations, and evaluate cost parameters to support pricing and sourcing decisions.
• Assess manufacturing processes for PCBs and mechanical components, including turning, stamping, and die casting.
• Utilize costing software, including Tset, to perform cost calculations and support should-cost analysis.
• Support procurement teams in supplier price negotiations through detailed cost analysis and benchmarking.
• Collaborate with suppliers and internal stakeholders to identify opportunities for cost optimization and manufacturing improvements.
• Work with R&D teams on design-to-cost initiatives and identify cost drivers in new product designs.
• Conduct market and competitive benchmarking to evaluate manufacturing costs and identify opportunities for improved cost efficiency.Support sourcing activities, train procurement teams in supplier cost analysis, and progressively expand costing analysis to complete products and additional commodities.

3. Job Specific Requirements

• Education: Degree in Electrical Engineering, Electromechanical Engineering, Mechanical Engineering, or a related field.
• Experience: 4–10 years of experience in Cost Engineering or Cost Analysis.
• Languages: Proficiency in English and Kannada.
• Manufacturing Knowledge: Strong understanding of manufacturing processes, particularly PCB manufacturing and mechanical processes such as turning, stamping, and die casting.
• Cost Estimation: Experience in cost estimation methods and analysing manufacturing costs, including materials, processes, labour, and overheads.
• Costing Software: Proficiency in cost analysis and should-costing tools such as aPriori, Tset, or equivalent software.
• Cycle Time Analysis: Experience in cycle time calculations and selecting appropriate manufacturing technologies.
• Value Engineering: Knowledge of Value Analysis and Value Engineering (VA/VE) techniques.
• Cost Optimization: Expertise in cost reduction, cost optimization, and competitive benchmarking.
• Technical Drawing Interpretation: Ability to read and interpret technical drawings and understand component manufacturing requirements.
• Analytical Skills: Strong analytical thinking, structured working methods, and the ability to perform data analysis and detailed cost calculations.
• Communication and Collaboration: Excellent communication and negotiation skills, with a proactive, team-oriented approach and the ability to collaborate effectively with procurement, R&D, and suppliers.

Pepperl+Fuchs actively promotes diversity, equity, and inclusion and is committed to a policy of equal employment opportunity. We welcome applications from all individuals, regardless of ethnicity, country of origin, gender, religion, sexual orientation, age, skin color, physical or mental abilities, social background, or any other protected characteristic. All employment decisions are made based on these principles and in full compliance with applicable federal and state laws.