Costing Engineer (Electrical & Electronic)

Tata Technologies; Pune District; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

A leading engineering firm located in Pune is looking for a Costing Engineer specializing in electrical and electronic components. Candidates should have 6-12 years of experience and a B.E. or B. Tech degree in relevant fields. The role includes making cost estimations, coordinating logistics, and managing supplier performance in the automotive industry. This full-time position offers a mid-senior level opportunity to optimize costs and enhance procurement strategies in a dynamic environment.

Responsibilities

• Make cost estimations based on specifications.
• Implement cost calculation techniques to estimate component prices.
• Monitor readiness of parts and materials for specifications.
• Coordinate logistics and dispatch for timely delivery.

Skills

Zero Based Costing for Automotive

Cost estimation

Cost optimization

Knowledge of costing software TcPCM

Logistics coordination

Supplier performance evaluation

Knowledge of import & export incoterms

Education

B.E. / B. Tech in Electrical / Mechanical / Industrial / Production/ Automotive

Job description

Costing Engineer (Electrical & Electronic)

Sourcing and Costing Engineer (Electrical & Electronic Components)

Experience: 6-12 yrs

Job Location: Pune

Educational Qualification: B.E. / B. Tech (Electrical / Mechanical / Industrial / Production/ Automotive)

Skills:

• Specialist in Zero Based Costing for Automotive Lighting, Display & Infotainment Parts, PCBA, Bare PCB, HV/LV harness, Motor, Electrical Vehicle Parts
• Need to make Electrical and Electronics part cost estimation based on specification
• Cost optimization ideas must generate based on market reference and competitive parts.
• Knowledge of costing software like TcPCM.
• Developing sourcing strategy to meet customer’s requirement.
• Implementing various cost calculation techniques e.g. Zero-base costing, activity base costing, directional costing etc. to estimate & budget component prices.
• Knowledge of import & export incoterms.
• Calculating & analyzing landed cost to various global zones.
• Monitor the readiness of parts and materials, ensuring they meet the required specifications and quality standards.
• Coordinate the logistics and dispatch of parts, ensuring timely delivery to the manufacturing units or job sites.
• Manage any issues related to part readiness or dispatch, resolving them promptly to avoid delays in the production process.
• Track and evaluate supplier performance based on key metrics such as quality, delivery time, and cost.
• Conduct regular performance reviews with suppliers and implement improvement plans where necessary.
• Identify shortcomings in supplier manufacturing processes and total value chains. Suggest and negotiate appropriate improvements with the purpose of increasing the overall cost-effectiveness.
• Analyse and evaluate proposed (by suppliers) costs for technical changes, claims related to volume, raw material, etc., and challenge the organization based on the results.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Engineering, Purchasing, and Other

Industries

Automation Machinery Manufacturing

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