Engineer - Sr. Engineer - Parts Costing

SV Management Consultants; Indore District; On-site; INR 600,000 - 1,200,000; Full time

Job summary

SV Management Consultants is seeking an Engineer/Sr. Engineer Parts Costing for an auto components MNC.

You will build bottom-up cost models for sheet metal, castings, forgings, and fabrication parts, and analyze cost for materials, processes, tooling, and logistics. Ideal candidates have 2-4 years in auto components manufacturing, strong knowledge of VAVE, zero-based costing, and supplier quotation validation, plus familiarity with IATF 16949.

Qualifications

• Bachelor's degree / Diploma in Mechanical, Production, or Automobile Engineering with 2-4 years experience in Auto components mfg.
• Strong grip on manufacturing processes (machining, pressing, Fabrication, casting).
• Practical knowledge of VAVE, zero-based costing (ZBC), and market price benchmarking.
• Familiarity with IATF 16949.

Responsibilities

• Cost Modelling: Build bottom-up cost models for auto parts like sheet metal, castings, forgings, and Fabrication Parts.
• Good Knowledge of New Product (Parts) for material, Process and final cost calculation.
• Cost Breakdown Analysis: Estimate expenses for raw materials, manufacturing processes, direct labour, factory overhead, tooling, and logistics.
• Value Analysis/Value Engineering (VAVE): Identify cost-saving opportunities and design optimization ideas during product development.
• Supplier Quotation Validation: Review and negotiate supplier pricing using deep manufacturing knowledge and cost benchmarks

Skills

Cost modelling

New product costing

VAVE

ZBC

Supplier quotation validation

Manufacturing processes

Education

Mechanical/Automobile Engineering (Bachelor/Diploma)

Job description

We have an urgent opening for Engineer / Sr. Engineer Parts Costing with an MNC in Auto Components Manufacturing

The candidate should have good knowledge of auto component manufacturing processes, new product costing, cost modelling, VAVE, zero-based costing, and supplier quotation validation.

Role & responsibilities:

• Cost Modelling: Build bottom-up cost models for auto parts like sheet metal, castings, forgings, and Fabrication Parts.
• Good Knowledge of New Product (Parts) for material, Process and final cost calculation.
• Cost Breakdown Analysis: Estimate expenses for raw materials, manufacturing processes, direct labour, factory overhead, tooling, and logistics.
• Value Analysis/Value Engineering (VAVE): Identify cost-saving opportunities and design optimization ideas during product development.
• Supplier Quotation Validation: Review and negotiate supplier pricing using deep manufacturing knowledge and cost benchmarks

Preferred candidate profile:

• Bachelors degree / Diploma in Mechanical, Production, or Automobile Engineering with 2-4 years experience in Auto components mfg.
• Strong grip on manufacturing processes (machining, pressing, Fabrication &, casting).
• Practical knowledge of VAVE, zero-based costing (ZBC), and market price benchmarking.
• Familiarity with quality standards like IATF 16949