Procurement Cost Engineer

Brio Energy; Chennai District; On-site; INR 600,000 - 900,000; Full time

Job summary

Leggett & Platt Incorporated is seeking a Procurement Cost Engineer to develop global should-cost estimates for materials, components, assemblies and finished products. You will analyze cost drivers and support strategic sourcing across regions within a collaborative team.

You will also validate supplier pricing against should-cost models, maintain cost databases, and identify opportunities for cost reductions in partnership with Engineering.

Qualifications

• 2–4 years of experience in cost engineering, procurement or related analytical roles.
• Experience developing should-cost models and performing cost analyses.
• Experience supporting supplier negotiations, RFQs and sourcing decisions.

Responsibilities

• Develop global cost estimates using should-cost models across regions.
• Analyze cost drivers including materials, labor, tooling, and logistics.
• Support strategic sourcing with cost insights during RFQs and negotiations.
• Validate supplier pricing against should-cost models and advise on variances.
• Maintain cost models by updating inputs, labor rates, and indices.
• Identify cost-reduction opportunities via VA/VE, substitutions, localization.
• Monitor market trends affecting product costs and sourcing strategies.
• Deliver cost analyses and market insights to support savings initiatives.

Skills

Cost engineering

Procurement

Costing

Sourcing

RFQ negotiations

Job description

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Location: Chennai, Other/Not Applicable, IN

We, at Leggett & Platt Incorporated, are searching for a Procurement Cost Engineer within our Procurementteam to help support our Automotivebusiness. Did you know we are the world's leading designer and manufacturer of seating support and comfort systems for transportation manufacturers, as well as tier one and two suppliers within the automotive industry? That's right! Our automotive products fall into four primary groups: Seating and Lumbar support, Motors, Actuators and Massage Systems. If you join our team, your work will ensure people across the world have a little more comfort in their lives.

As a Procurement Cost Engineer you will have the opportunity to develop global should-cost estimates for materials, components, assemblies and finished products using cost estimating tools. The team you will be working with is collaborative and innovative.

Key Responsibilities:

1.Develop global cost estimates by either creating should-cost models or utilizing the company's cost estimating tool to evaluate materials, components, assemblies, and finished products across regions.

2.Analyze cost drivers including raw materials, labor, manufacturing processes, tooling, logistics, tariffs, and regional factors to determine expected supplier costs.

3.Support strategic sourcing by providing cost insights during RFQs, supplier selection, negotiations, and sourcing events.

4.Validate supplier pricing through comparison of supplier quotations against should-cost models, identifying variances and providing negotiation recommendations to support Category Management and Procurement strategies.

5.Maintain cost models and databases by updating estimating tool inputs, labor rates, material indices, commodity data, and cost assumptions.

6.Support Category Management/Procurement requests by identifying cost reduction opportunities through VA/VE, process improvements, material substitutions, and localization initiatives in collaboration with Engineering.

7.Monitor market trends including commodity prices, freight costs, inflation, exchange rates, and other factors affecting product costs and sourcing strategies

8.Develop and deliver cost analyses, reporting, market trend insights, and standardization opportunities that support Category Management strategies, sourcing decisions, and savings initiatives.

Key Requirements:

1.2-4 years of experience in cost engineering, product costing, procurement, sourcing, manufacturing, or a related analytical role.

2.Experience developing should-cost models and performing cost analyses.

3.Experience supporting supplier negotiations, RFQs, sourcing decisions, and cost reduction initiatives.

Our Values

Our values speak to our shared beliefs, and describe how we approach working together.

• Put People First reflects our commitment to safety and care of each other, learning and development, and creating an inclusive environment of mutual respect, empathy and belonging.
• Do the Right Thing focuses us on acting with honesty and integrity, delivering the results the right way, taking pride in our work, and speaking the truth – good or bad.
• Do Great Work...Together occurs when we engage without hierarchy, collaborate as a team, embrace challenges, and work for the good of all of us.
• Take Ownership and Raise the Bar demonstrates our responsibility to add value and make a difference, challenge the status quo and biases to make things better, foster innovative and creative solutions to drive impact, and explore new perspectives and embrace change.

Our Commitment to You

We're actively taking steps to make sure our culture is inclusive and that our processes and practices promote equity for all. Leggett & Platt is comprised of people of all abilities, gender identities and expressions, ages, ethnicities, sexual orientations, veteran status, and more. Join us!

We welcome and encourage applications if you meet the minimum qualifications. Even if you do not meet the preferred qualifications, we'd love the opportunity to consider you.

For more information about how we handle your personal data in connection with our recruiting processes, please refer to the Recruiting Privacy Notice on the "Privacy Notice" tab located at http://privacy.leggett.com

Applicants in the United States:

Leggett & Platt Incorporated is an Equal Opportunity Employer. If you need accessibility or assistance to apply for career opportunities through this site, please email us to ensure your inquiry is directed to a member of the Human Resources Staff.