Procurement Cost Engineer

Leggett & Platt; Chennai District; Sur place; INR 900 000 - 1 200 000; Plein temps

Résumé du poste

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 during RFQs, supplier selection, and negotiations.

The role involves maintaining cost models, collaborating with Engineering on localization and process improvements, and monitoring market trends affecting costs and sourcing strategies.

Qualifications

• 2-4 years of experience in cost engineering, product costing, procurement, or related analytic role.
• Experience developing should-cost models and cost analyses.
• Experience supporting supplier negotiations, RFQs, sourcing decisions, and cost reduction initiatives.

Responsabilités

• Develop global cost estimates using should-cost models or the company's estimating tool across materials, components, assemblies, and finished products.
• Analyze cost drivers including raw materials, labor, manufacturing processes, tooling, logistics, tariffs, and regional factors.
• Support strategic sourcing by providing cost insights during RFQs, supplier selection, negotiations, and sourcing events.
• Validate supplier pricing through comparison of quotations against should-cost models, identifying variances and providing negotiation recommendations.
• Maintain cost models and databases by updating estimating tool inputs, labor rates, material indices, commodity data, and cost assumptions.
• Support Category Management/Procurement by identifying cost reduction opportunities through VA/VE, process improvements, material substitutions, and localization with Engineering.
• Monitor market trends including commodity prices, freight costs, inflation, exchange rates, and other factors affecting product costs and sourcing strategies.
• Develop and deliver cost analyses, reporting, market trend insights, and standardization opportunities that support Category Management strategies, sourcing decisions, and savings initiatives.

Connaissances

Cost engineering

Product costing

Procurement

Sourcing

Analytical skills

Outils

Cost estimating tool

Description du poste

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:

• 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.
• Analyze cost drivers including raw materials, labor, manufacturing processes, tooling, logistics, tariffs, and regional factors to determine expected supplier costs.
• Support strategic sourcing by providing cost insights during RFQs, supplier selection, negotiations, and sourcing events.
• 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.
• Maintain cost models and databases by updating estimating tool inputs, labor rates, material indices, commodity data, and cost assumptions.
• Support Category Management/Procurement requests by identifying cost reduction opportunities through VA/VE, process improvements, material substitutions, and localization initiatives in collaboration with Engineering.
• Monitor market trends including commodity prices, freight costs, inflation, exchange rates, and other factors affecting product costs and sourcing strategies
• Develop and deliver cost analyses, reporting, market trend insights, and standardization opportunities that support Category Management strategies, sourcing decisions, and savings initiatives.

Key Requirements:

• 2-4 years of experience in cost engineering, product costing, procurement, sourcing, manufacturing, or a related analytical role.
• Experience developing should-cost models and performing cost analyses.
• 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!

Applicants in the United States:

Leggett & Platt Incorporated is an Equal Opportunity Employer.

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