Manager Procurement Cost Engineering

Leggett Dynamics; Pune District; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Leggett Dynamics is seeking a Manager Procurement Cost Engineering to lead the global Cost Engineering team and partner with Category Management and Regional Procurement for cost reduction initiatives. You will oversee should-cost modeling, cost analysis, and costing standards to improve cost competitiveness.

The role requires 7-10+ years in cost engineering and proven leadership in cross-functional projects.

Qualifications

• 7-10+ years in cost engineering, product costing, procurement, sourcing, or manufacturing.
• Experience developing should-cost models and supporting sourcing decisions and supplier negotiations.

Responsibilities

• Lead the Procurement Cost Engineering Team by managing, coaching, and developing staff, setting priorities and performance expectations.
• Partner with Category Management and Regional Procurement to align cost engineering with category strategies and sourcing projects.
• Deploy new cost estimating software and establish costing standards for accurate modeling across regions and categories.
• Oversee cost modeling for materials, components, assemblies, and finished products using should-cost methods and tools.
• Support sourcing decisions and supplier negotiations with cost analyses and supplier assessments.
• Identify cost reduction opportunities via VA/VE, process improvements, substitutions, and localization with Engineering.
• Review supplier pricing and market trends; validate quotations, analyze variances, and monitor cost drivers.
• Provide reporting and insights through cost analyses, benchmarks, savings tracking, and market intelligence.

Skills

Cost engineering

Should-cost modelling

Leadership

Strategic sourcing

Cost analysis

Vendor negotiations

Project leadership

Reporting & analytics

Tools

Cost estimating tools

Job description

Position Summary

The Manager Procurement Cost Engineering leads the global Procurement Cost Engineering team and partners closely with Category Management and Regional Procurement to support sourcing decisions, supplier negotiations, and cost reduction initiatives. The role oversees should-cost modeling, cost analysis, and costing standards while ensuring the team delivers timely, accurate insights that improve cost competitiveness.

Key Responsibilities

1. 1.Lead the Procurement Cost Engineering Team by managing, coaching, and developing team members while setting priorities and performance expectations.
2. 2.Partner with Category Management and Regional Procurement to align cost engineering activities with category strategies, sourcing projects, and business priorities.
3. 3.Deploy new cost estimating software and develop supporting processes to ensure effective integration into the business. Establish costing standards and best practices to ensure consistent and accurate cost modeling across regions and categories.
4. 4.Oversee cost modeling and analysis for materials, components, assemblies, and finished products using should-cost methodologies and cost estimating tools.
5. 5.Support Category Management and Regional Procurement with cost analyses, supplier cost assessments, and recommendations that enable effective sourcing decisions, supplier negotiations, RFQs, and contract negotiations.
6. 6.Support Category Management/Regional Procurement requests by identifying cost reduction opportunities through VA/VE, process improvements, material substitutions, and localization initiatives in collaboration with Engineering.
7. 7.Review supplier pricing and market trends upon request from Category Management & Regional Procurement by validating supplier quotations, analyzing cost variances, and monitoring commodity and manufacturing cost drivers.
8. 8.Provide reporting and business insights through cost analyses, benchmarks, savings tracking, and market intelligence to support decision-making and procurement performance.

Experience

• 7-10+ years of experience in cost engineering, product costing, procurement, sourcing, or manufacturing.
• Experience developing should-cost models and supporting sourcing decisions and supplier negotiations.
• Experience with should-cost modelling and cost estimating tools and leading cross-functional projects.
• Prior team leadership experience.

Knowledge, skills and abilities

• Manufacturing processes and key cost drivers (materials, labor, tooling, logistics, tariffs).
• Strategic sourcing, supplier negotiations, and global supply chains.
• VA/VE and continuous improvement practices.
• Strong analytical and problem-solving skills.
• Leadership and stakeholder management.
• Effective communication and presentation skills.
• Ability to manage multiple priorities and global projects.