Senior Manager - Cost Engineering

Tata Motors Global Services Limited; Pune District; On-site; INR 900,000 - 1,400,000; Full time

Job summary

Tata Motors Global Services Limited in Pune, India seeks a Cost Engineer to develop part-level target costing, prepare detailed should cost estimates, and drive cost reduction initiatives across vehicle modules. You will work with engineering and purchasing to achieve design-to-cost targets and deploy cost-saving ideas across programs.

Ideal candidates hold a BE/BTech (MBA/ICWA preferred) with 4–9 years in cost engineering related to chassis, casting, forging, and other subsystems, and have

Qualifications

• Graduation in Engineering (BE/BTech, MBA, ICWA preferred).
• 4 to 9 years of experience in part level costing for suspension, brakes, steering, fuel, exhaust, wheels.
• Knowledge of manufacturing processes (casting, forging) and latest technology trends.
• Experience in cost reduction programs; lean manufacturing or six sigma is a plus.

Responsibilities

• Develop target costing and establish should cost estimates for components (chassis, casting, tooling).
• Create directional and detail should cost targets and mature them as design evolves.
• Develop tooling cost estimates and provide inputs for Capex targets.
• Establish target cost for components and support cost reduction discussions with suppliers.
• Perform cost driver analysis and supplier quotation analysis to enable negotiations.
• Prepare cost models and occupy a central repository of cost saving ideas.

Skills

Costing

Should Cost

Cost reduction

Data analysis

Vendor negotiation

Education

BE/BTech in Engineering

MBA

ICWA

Tools

MS Excel

Costing software

Job description

Purpose of the Role

Cost Engineer is responsible to develop part level target costing, prepare detailed should cost estimate and apply it to achieve design to cost and source to cost; generate and syndicate cost reduction ideas through competition teardown, benchmarking, should cost analysis, VAVE, analytical levers etc. and achieve aggregate cost reduction targets with engineering and purchase; work with vehicle module teams to achieve cost targets; cross deploy the ideas across TML needs; develop category specific key components or subassemblies knowledge repository covering competition, technology, products, manufacturing processes etc and apply it in developing cost models.

Job Responsibility

Develop target costing and establish detailed should cost estimates for the components (Chasis, Casting ,Forging/ Proprietary Mechanical /Proprietary Electrical Cost and Tooling)

• Generate directional cost / reference cost / detail should cost targets for components based on various inputs available across product development stages.
• Mature the directional/reference cost targets of the components to detail should cost as the design evolves.
• Independently create error free should cost models
• Develop tooling cost estimates using should cost / reference cost models for calculating tooling should-cost, and provide inputs for Capex target setting.
• Establish target cost for the components

Ensure/ deliver design to cost and source to cost targets achievements for the component targets of programs.

• Pursue component cost targets with engineering to achieve the design to cost targets for new programs.
• Perform cost driver analysis, design cost analysis on components to achieve design to cost targets.
• Perform Supplier Quotation analysis with respect to should cost model and develop supplier negotiation fact pack for components
• Perform Linear price performance models and generate opportunities to improve cost performance.
• Generate, provide valuation and syndicate cost reduction ideas based on should cost driver analysis in cost reduction workshops to achieve component subsystem cost reduction targets.
• Benchmarking , competition should costing , best of Best cost driver analysis and its application into various projects to drive cost efficiencies.
• Perform data analysis and execute analytics based levers for idea generation (LPP, Weight Tree Cost Tree, Function Cost etc .
• Prepare component/subsystem specific supplier negotiation fact pack and support purchase CTL in achievement of should cost with supplier.

Develop component/subsystem knowledge repository covering competition, technology, products, processes etc and apply it in developing cost models

• Prepare and syndicate cost models for new technology , supplier proprietary parts Eg: Steering System, brake control, Suspension.
• Prepare scenarios on impact of choice of future technology on cost structure investment, supplier selection etc.
• Improve accuracy of should cost models
• Prepare parametric cost models for part types to increase the coverage of parameterization.
• Perform TGR and TGW of design to cost and sourcing to cost targets
• Being part of business case evaluation and build central repository of cost saving ideas and apply across the portfolio.

Annual cost reduction target for the sub systems / module

• Prepare execute idea generation and syndication plan.

Achieve E+ (syndicated) as per the target glide path for various modules in targeted VCs.

Desired candidate profile

Education

• Graduation in Engineering (BE,Btech,MBA, ICWA Preferred)

Relevant Experience

• 4 to 9 years of experience in the domain of part level costing for suspension, brakes, steering system, fuel system, exhaust, wheels and knowledge of manufacturing process e.g., casting, forging.
• Good Knowledge of latest trend in technologies
• In depth knowledge of manufacturing processes
• Experience of cost reduction programs
• Experience in lean manufacturing or six sigma programs will considered a plus.