Engineer - Cost Engineering SCM

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

Job summary

Eaton Group in Pune, India seeks a cost engineer to develop part and product cost estimates within a SCM shared services setup. You will build costing models, run analytic software, and validate estimates with SMEs to support strategic decisions.

You’ll analyze Total Cost of Ownership and deliver data-driven cost insights to stakeholders, aligning with procurement, engineering and manufacturing teams for timely, accurate results.

Qualifications

• Bachelor's in engineering with 6-10 years in Should Costing or a Master’s with 4-6 years.
• Strong knowledge of one or more commodity areas (e.g., stamping, forging, casting, machining).
• Experience in DFm, procurement processes, PPAP and GD&T; familiarity with raw materials and commodities.
• Proficiency in statistical tools (e.g., regression) for target costing.
• Expert user of should costing tools like Costimator, aPriori, Facton or PriceSystems.
• Hands-on CAD experience (AutoCAD, Pro/E, SolidWorks).
• Excellent data analysis, reporting and presentation to senior leadership.

Responsibilities

• Build part and product costing models using internal and external sources.
• Run software models to generate cost estimates.
• Validate cost estimates with SMEs and experience.
• Analyze Total Cost of Ownership for products.
• Prepare reports and analytics for senior leadership.
• Coordinate with technology, manufacturing, sourcing, product management and suppliers.
• Coach and train team members to strengthen cost management capabilities.

Skills

Cost estimation

TCO analysis

Data analytics

MS Office

Negotiation

Communication

Education

Bachelor's in engineering

Master's degree

Tools

Costimator

aPriori

Facton

PriceSystems

AutoCAD

ProE

SolidWorks

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.

• Build part and product costing models using internal and external sources of information
• Run relevant software models to generate cost estimates
• Validate cost estimates based on experience and working with subject matter experts
• Should have worked in analysing Total Cost of Ownership of products.
• 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 Stamping, Forging, Casting and Machining
• 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 tool (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 collaboratly 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
• 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