Engineer - Cost Engineering CoE

Eaton Corporation; Pune District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Eaton Corporation is seeking a Should Cost Engineer in Pune, responsible for developing cost estimates and collaborating closely with stakeholders. Ideal candidates will have 6-10 years of related experience and a background in engineering.

The role involves building costing models, running relevant software, and validating estimates. Candidates should have strong analytical skills, proficiency in DFM, and knowledge in commodities used in manufacturing.

Qualifications

• Bachelor’s in engineering with 6-10 years of experience in Should Costing OR Masters with 4-6 years of experience.
• Must have strong knowledge of commodities like Machining and Forging.
• Strong business acumen with negotiation skills.

Responsibilities

• Build part and product costing models using internal and external sources.
• Run software models to generate cost estimates.
• Collaborate with stakeholders and subject matter experts globally.

Skills

Strong knowledge of commodities

Expert in Design for Manufacturing Analysis (DFM)

Proficient in statistical tools

Hands on experience with CAD tools

Strong analytical skills

Excellent communication skills

Business acumen

Negotiation skills

Presentation skills

Decision making

Education

Bachelor’s in engineering

Master's in engineering

Tools

Costimator

AutoCAD

ProE

SolidWorks

MS Office tools

Job description

What you’ll do:

The should cost engineer will be responsible for the development of part and product cost estimates working within a specialized team within the Supply Chain Management shared services center. The work will be process based, will deploy analytical models, and will involve close collaboration with business stake holders and subject matter experts.

1. Build part and product costing models using internal and external sources of information
2. Run relevant software models to generate cost estimates
3. Validate cost estimates based on experience and working with subject matter experts
4. Should have worked in analysing Total Cost of Ownership of products.
5. Reporting and Analytics – Should have good experience on data analysis, report preparation and presentation to senior leadership.

Qualifications:

Bachelor’s in engineering with 6-10 years of experience in Should Costing OR Masters with 4-6 years of experience

Skills:

• Must have strong knowledge of one or two of commodities like Machining, Forging, Sheet Metal, Mechanical Assemblies.
• Should be SME for one or more commodities
• Proficient in Design for Manufacturing Analysis (DFM), procurement processes, PPAP and GD&T, different types of raw materials & commodities
• Knowledge of statistical tools like Regression analysis etc. for target costing
• Should be an expert user of one of the should costing tools (Costimator, aPriori, Facton, PriceSystems)
• Hands on experience of using CAD tools (AutoCAD, ProE, SolidWorks)
• Strengthening relationship with commodity managers and stakeholders
• Build organizational capabilities by Training, Coaching to budding talents with Should cost
• Have close coordination with technology, manufacturing, sourcing, product management, and suppliers
• Establish & maintain a strong knowledge management database that can be leveraged for Sourcing decisions
• Ensure projects meet their financial & operational goals (KPIs) viz cost out, cost avoidance, productivity gain and on time & accurate deliveries.
• Communicates with the Supply Chain teams globally regarding opportunities in alignment with commodity/category strategies
• Partner with Engineering for should-cost analysis on NPI & VAVE Projects
• Should have hands-on experience in creating a robust knowledge management database for should cost
• Should be strong in Data analytics skill to get meaningful decisions made out of numbers
• Manage at a project level, initiatives requiring multiple cost inputs
• Work collaboratively and be able to communicate effectively globally
• Strong knowledge of MS Office tools (Word, Excel and PowerPoint)
• Ability to communicate clearly & effectively in person, via e-mail and over phone
• Executing activities and working autonomously with minimal direction
• Strong business acumen: Understanding how markets work
• Negotiation Skills
• 3D Printing
• Design Thinking
• Analytical Skills
• IoT
• Aptitude for Technology
• Commodity Strategies
• Fact pack/Gap analysis
• Verbal & Written Communicaton
• An individual with a strong sense of urgency
• An individual with a strong customer focus
• Accurate working with data analysis
• Hands-on to work with multiple tasks
• Quick response to deadlines
• Presentation Skills
• Business Communication
• Decision Making
• Drives Result