Value Engineering & Should cost analyst

Rarr Technologies; Bengaluru; On-site; INR 8,00,000 - 12,00,000; Full time

Job summary

A technology solutions provider in Bengaluru is seeking an individual to support cost modeling across various commodities, including plastics and electronics. The ideal candidate will have a Bachelor's degree in Engineering or a related field, with over 3 years of sourcing analytics experience. Key skills include proficiency in Excel and familiarity with cost analysis tools like aPriori. This role offers the opportunity to join a dynamic team and contribute to cost-saving initiatives.

Qualifications

• 3+ years of relevant experience in sourcing analytics or procurement operations.
• Familiarity with interpreting technical drawings and BOMs.
• Exposure to cost analysis in a manufacturing environment.

Responsibilities

• Support development of cost models for key commodities.
• Collaborate to gather data for cost analysis.
• Prepare detailed cost breakdowns for review.

Skills

Sourcing analytics

Cost engineering support

Data management

Analytical skills

Communication skills

Education

Bachelor's degree in Engineering

Lean Six Sigma exposure

Tools

aPriori

SAP

MS Excel

SolidWorks

Job description

Primary Responsibilities

• Support the development and maintenance of should-cost models across key commodity categories including but not limited to plastics, metals, electronics, and assemblies.
• Collaborate with the Senior Analyst and cross-functional teams to gather data inputs (BOMs, 3D models, supplier quotes) required for cost modeling and analysis.
• Prepare detailed cost breakdowns, validate supplier cost inputs, and format findings for review by Engineering, Procurement, and Finance.
• Assist in tracking cost-saving opportunities through data analytics, dashboards, and supplier benchmarking.
• Maintain internal cost databases, libraries, and documentation to ensure consistency and data accuracy across global programs.

Tasks and Responsibilities

• Collect and analyze cost data (materials, labor, overheads) from suppliers and internal systems.
• Format and prepare parametric model inputs in tools like aPriori, Excel, or similar tools.
• Support the documentation of modeling assumptions, outputs, and change logs.
• Conduct price variance and cost trend analysis to identify anomalies or opportunities.
• Assist in preparing reports and presentations for senior leadership and sourcing teams.
• Help monitor commodity price indices and update standard rates in the cost models.
• Coordinate with Engineering, R&D, and Procurement teams to ensure timely flow of technical and commercial data.

Knowledge

• Basic understanding of manufacturing processes for plastics, metals, electronics, and assemblies.
• Familiarity with interpreting technical drawings, BOMs, and process routings.
• Exposure to cost analysis or sourcing-related roles in a manufacturing environment.
• Proficiency with MS Excel (lookup formulas, pivot tables), and ability to work with large datasets.
• Awareness of supply chain structures and common cost drivers across direct material categories.

Skills and Competencies

• 3+ years of relevant experience in sourcing analytics, cost engineering support, or procurement operations.
• Exposure to tools like aPriori, SAP, or PLM/CAD systems (SolidWorks/Creo) is a plus.
• Detail-oriented with strong analytical and data management skills.
• Good communication skills, capable of interacting across teams and geographies.
• Willingness to learn and grow into more advanced modeling and supplier-facing roles.
• Ability to manage multiple priorities and timelines with minimal supervision.

Education and Certifications

• Bachelor's degree in Engineering, Supply Chain, Finance, or equivalent technical discipline.
• Lean Six Sigma or Value Engineering exposure is preferred.
• Certification or coursework in Excel, cost modeling, or procurement analytics is a plus.