Procurement Cost Engineer

Leggett Dynamics; Chennai District; On-site; INR 650,000 - 1,200,000; Full time

Job summary

Leggett & Platt Incorporated is seeking a Procurement Cost Engineer to support our automotive procurement team. You will develop global should-cost estimates for materials, components, assemblies, and finished products using cost estimating tools while analyzing cost drivers across regions.

You will support RFQs, supplier negotiations, and sourcing events, validate pricing against should-cost models, and contribute to cost reduction initiatives with cross-functional teams.

Qualifications

• 1.2-4 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.

Responsibilities

• Develop global cost estimates by creating should-cost models or using the cost estimating tool across materials, components, assemblies, and finished products.
• Analyze cost drivers such as materials, labor, manufacturing, tooling, logistics, tariffs, and regional factors to determine supplier costs.
• Support strategic sourcing by providing cost insights during RFQs, supplier selection, negotiations, and sourcing events.
• Validate supplier pricing by comparing quotations against should-cost models and provide negotiation recommendations.
• Maintain cost models and databases by updating inputs, labor rates, indices, and cost assumptions.
• Identify cost reduction opportunities through VA/VE, process improvements, material substitutions, and localization with Eng.
• Monitor trends in commodity prices, freight costs, inflation, and exchange rates affecting product costs and sourcing strategies.
• Deliver cost analyses, market insights, and standardization opportunities to support procurement strategies.

Skills

Cost engineering

Procurement

Sourcing

Should-cost models

Cost analyses

RFQs

Negotiations

Data analysis

Tools

Cost estimating tool

Job description

We, at Leggett & Platt Incorporated, are searching for a Procurement Cost Engineer within our Procurement team to help support our Automotive business. 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

1.2-4 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!

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.

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