Value Engineering Lead

AMETEK Inc.; Bengaluru; On-site; INR 8,451,000 - 12,207,000; Full time

Job summary

AMETEK, Inc. seeks a Cost Reduction Leader to drive value engineering and cost-saving initiatives across product lines. You will work with engineering, operations, and product management to identify opportunities, quantify savings, and manage a pipeline of VE projects while aligning with annual objectives.

The role involves applying DFM/DFA principles, collaborating with global teams, and delivering measurable lifecycle cost reductions through redesigns and process improvements.

Qualifications

• Bachelor's degree in Mechanical/Industrial Engineering, Industrial Engineering, or a related technical discipline.
• 5+ years of engineering experience in product development, manufacturing engineering, sustaining engineering, or value engineering.
• Strong understanding of industrial product design and manufacturing processes.
• Experience interpreting engineering drawings, schematics, and BOM structures.
• Strong analytical and problem-solving skills.
• Experience working with ERP and PLM systems.
• Excellent communication and collaboration skills.

Responsibilities

• Lead value engineering initiatives across existing product lines to improve gross margin and profitability.
• Develop and maintain a pipeline of validated cost-reduction projects aligned with annual business objectives.
• Quantify projected and realized savings and provide regular progress updates to management.
• Support strategic margin improvement programs across multiple product families.
• Collaborate with cross-functional teams globally, including US, Europe, and India.

Skills

Engineering experience

Analytical thinking

Communication

Collaboration

Problem solving

Education

Bachelor's degree in Mechanical/Industrial Engineering

Tools

ERP systems

PLM systems

Job description

Job Description:

The successful candidate will work closely with engineering, operations, manufacturing, quality, and product management teams to identify, evaluate, and implement sustainable cost-saving opportunities throughout the product lifecycle.

Key Responsibilities

Cost Reduction Leadership

• Lead value engineering initiatives across existing product lines to improve gross margin and profitability.
• Develop and maintain a pipeline of validated cost-reduction projects aligned with annual business objectives.
• Quantify projected and realized savings and provide regular progress updates to management.
• Support strategic margin improvement programs across multiple product families.

Design-Based Value Engineering

• Analyze product designs, BOMs, assemblies, and drawings to identify opportunities for material optimization, component standardization, part count reduction, design change, manufacturer change and/or manufacturing efficiency improvements.
• Apply Design for Manufacturing (DFM) and Design for Assembly (DFA) principles to reduce product cost.
• Partner with mechanical, electrical, firmware, and software engineers to implement design improvements.
• Drive redesign projects that maintain or improve performance while reducing overall lifecycle costs.

Cross-Functional Collaboration

• Work closely with global engineering teams in the US, Europe, Mexico, and India.
• Collaborate with operations and manufacturing teams to identify labor reduction and productivity opportunities.
• Support product rationalization and platform standardization strategies.
• Participate in product design reviews and provide value engineering recommendations during development.

Business Analysis

• Conduct cost-benefit analyses and develop business cases for proposed changes.
• Evaluate manufacturing and assembly costs to identify improvement opportunities.
• Monitor implementation effectiveness and verify realized savings.
• Develop metrics and dashboards to track VA/VE performance.

Qualifications

Required

• Bachelor's degree in Mechanical Engineering, Industrial Engineering, or related technical discipline.
• 5+ years of engineering experience in product development, manufacturing engineering, sustaining engineering, or value engineering.
• Strong understanding of industrial product design and manufacturing processes.
• Experience interpreting engineering drawings, schematics, and BOM structures.
• Strong analytical and problem-solving skills.
• Experience working with ERP and PLM systems.
• Excellent communication and collaboration skills.

Preferred

• Experience with industrial instrumentation, sensors, transmitters, automation products, or process measurement equipment.
• Knowledge of PCB assemblies, electromechanical systems, castings, machined components, plastic parts, and sheet metal fabrication.
• Familiarity with Design for Manufacturing (DFM) and Design for Assembly (DFA) methodologies.
• Experience supporting global engineering organizations.
• Lean Manufacturing or Six Sigma certification is a plus.

Compensation

Currency: USD

Salary Minimum: Market

Salary Maximum: Market

Incentive: Market

Disclaimer: Where a specific pay range is noted, it is a good faith estimate at the time of this posting. The actual salary offered will be based on experience, skills, qualifications, market / business considerations, and geographic location.

AMETEK, Inc. is a leading global provider of industrial technology solutions servinga diverse set of attractive niche markets with annual sales over $7.5billion.

AMETEK is committed to making a safer, sustainable, and more productive world a reality. We use differentiated technology solutions to solve our customers’ most complex challenges. We employ 22,000 colleagues, in 35countries, that are grounded by our core values: Ethics and Integrity, Respect for the Individual,Inclusion, Teamwork, and Social Responsibility. AMETEKisa component of the S&P 500. Visit https://www.ametek.com/careers for more information.