Manager - Value Engineering & Localization

Euronics Industries; Gurugram District; On-site; INR 1,400,000 - 2,100,000; Full time

Job summary

Euronics Industries in India is seeking a hands-on engineer to drive cost reductions through value engineering, supplier localization, and disruptive material choices. You will partner with NPD and SCM to redesign components and validate new suppliers, aiming for recurring savings.

Ideal candidates will have 7-9 years in VE/SCM and a strong background in mechanical fabrication processes. The role emphasizes cost optimization, BOM updates, and supplier development across multiple components.

Qualifications

• 7-9 years of experience in Value Engineering, Supplier Development, NPD, Strategic Sourcing or Cost Reduction.
• Strong experience in engineering/manufacturing companies.
• Good understanding of CNC machining, sheet-metal fabrication, injection moulding, die casting, rubber moulding, metal finishing, tooling and dies.
• Ability to read engineering drawings, BOMs and material specifications.
• Strong understanding of component costing and manufacturing cost drivers.
• Experience developing suppliers from drawings or physical samples.
• Good commercial and negotiation skills.
• Strong analytical and project-management capability.

Responsibilities

• Identify opportunities for China-to-India localization of components and products.
• Develop alternate Indian suppliers for imported and existing components.
• Drive VA/VE and cost-reduction projects across product categories.
• Evaluate alternate materials without compromising quality, safety, performance or aesthetics.
• Work with NPD to modify component design, material specifications and manufacturing processes for cost optimization.
• Conduct should-cost and make-vs-buy analysis.
• Identify savings opportunities in stainless steel, brass, plastics, rubber, electronics, motors, PCBs, machined parts, fabricated parts and packaging.
• Develop second-source suppliers for critical components.
• Coordinate supplier samples, tooling, trials and pilot production.
• Work closely with Quality for validation and approval of new materials and suppliers.
• Support SCM in technical-commercial negotiations.
• Benchmark existing component pricing against alternate technologies, materials and manufacturing processes.
• Maintain a live cost-reduction and localization project tracker.
• Ensure approved changes are updated in BOMs, drawings and specifications.
• Track savings from concept through actual implementation.
• Visit suppliers regularly for development, process improvement and cost optimization.

Skills

Value Engineering

Supplier Development

NPD

Strategic Sourcing

Cost Reduction

Project Management

Analytical Skills

Education

Bachelor / Diploma in Mechanical Engineering (B.E./B.Tech./Diploma)

MBA / Supply Chain (added advantage)

Job description

Role Objective:

Drive measurable reduction in raw material cost, component cost and sourcing cost through value engineering, supplier localization, alternate materials, design improvements and development of cost-effective Indian suppliers.

Key Responsibilities:

• Identify opportunities for China-to-India localization of components and products.
• Develop alternate Indian suppliers for imported and existing components.
• Drive VA/VE and cost-reduction projects across product categories.
• Evaluate alternate materials without compromising quality, safety, performance or aesthetics.
• Work with NPD to modify component design, material specifications and manufacturing processes for cost optimization.
• Conduct should-cost and make-vs-buy analysis.
• Identify savings opportunities in stainless steel, brass, plastics, rubber, electronics, motors, PCBs, machined parts, fabricated parts and packaging.
• Develop second-source suppliers for critical components.
• Coordinate supplier samples, tooling, trials and pilot production.
• Work closely with Quality for validation and approval of new materials and suppliers.
• Support SCM in technical-commercial negotiations.
• Benchmark existing component pricing against alternate technologies, materials and manufacturing processes.
• Maintain a live cost-reduction and localization project tracker.
• Ensure approved changes are updated in BOMs, drawings and specifications.
• Track savings from concept through actual implementation.
• Visit suppliers regularly for development, process improvement and cost optimization.

Key KPIs:

• Annual validated cost savings
• Percentage of imported components localized
• Number of successful VA/VE projects completed
• Reduction in raw material and component cost
• Number of critical components with approved alternate suppliers
• Project completion lead time
• Savings realized versus savings identified
• Supplier development success rate

Desired Candidate Profile:

• 7-9 years of experience in Value Engineering, Supplier Development, NPD, Strategic Sourcing or Cost Reduction.
• Strong experience in engineering/manufacturing companies.
• Good understanding of CNC machining, sheet-metal fabrication, injection moulding, die casting, rubber moulding, metal finishing, tooling and dies.
• Ability to read engineering drawings, BOMs and material specifications.
• Strong understanding of component costing and manufacturing cost drivers.
• Experience developing suppliers from drawings or physical samples.
• Good commercial and negotiation skills.
• Strong analytical and project-management capability.
• Candidates from automotive, appliances, sanitaryware, hardware, electrical or engineering-component industries preferred.

Education:

• B.E. / B.Tech / Diploma in Mechanical, Production, Industrial or Manufacturing Engineering.
• MBA / Supply Chain qualification will be an added advantage.

Ideal Candidate:

A hands-on engineer who can take an imported or high-cost component, understand its function and cost structure, identify a better material, process or supplier, develop it locally, validate it and convert the idea into recurring savings.