Costing Engineer

AKRIBIS SYSTEMS PTE. LTD.; Southeast; On-site; SGD 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a talented procurement specialist to optimize costs and enhance supplier relationships. In this pivotal role, you will conduct detailed cost analyses, negotiate supplier agreements, and support production efficiency. You will leverage your analytical mindset and negotiation skills to drive cost-saving initiatives while maintaining quality standards. This position offers a dynamic work environment where your contributions will significantly impact operational excellence and profitability. If you are motivated to grow and thrive in a collaborative setting, this opportunity is perfect for you.

Qualifications

• 3+ years of experience in costing, procurement, or manufacturing engineering.
• Proficiency in cost estimation tools and ERP systems.

Responsibilities

• Conduct cost analysis and develop cost models for products.
• Source suppliers and negotiate pricing and lead times.
• Monitor costs and support sales teams with quotations.

Skills

Communication Skills

Negotiation Skills

Analytical Mindset

Problem-Solving Skills

Supplier Sourcing Experience

RFQ Processes

Cost Estimation Tools

Excel Proficiency

ERP Systems Knowledge

Manufacturing Processes Knowledge

Education

Bachelor's Degree in Engineering

Related Technical Field

Tools

Excel

ERP Systems (e.g., BC, SAP)

Job description

DEPARTMENT OVERVIEW

SCM plays a critical role in optimizing costs, sourcing suppliers, and ensuring efficient material flow to support production and profitability. Responsible for strategic procurement, cost analysis, supplier negotiations, lead time management, and on-time delivery scheduling to drive competitive advantage and operational excellence.

ROLES & RESPONSIBILITIES

1. Cost Estimation & Analysis
   - Conduct "should-cost" analysis to benchmark fair pricing
   - Analyze and compare supplier quotes to ensure competitive pricing
   - Develop detailed cost models for products based on materials, labor, overhead, and manufacturing processes
   - Identify cost-saving opportunities through design improvements, material substitutions, and process optimizations
2. Sourcing & Supplier Negotiation
   - Source and evaluate suppliers for materials, components, and services
   - Negotiate pricing, lead times, and payment terms to achieve cost efficiency
   - Request and analyze quotes from suppliers, ensuring compliance with technical and commercial requirements
3. Support & Documentation
   - Monitor actual costs vs estimated costs and investigate variances
   - Support Sales and Business Unit teams in preparing competitive quotations
   - Maintain accurate records of cost estimates, supplier quotes, and price trends

SKILLSET(S) REQUIREMENT

• Excellent communication and negotiation skills
• Analytical mindset with strong problem-solving skills
• Experience in supplier sourcing, RFQ processes, and negotiation
• Proficiency in cost estimation tools, Excel, and ERP systems (e.g., BC, SAP)
• 3+ years of experience in costing, procurement, or manufacturing engineering
• Good knowledge of manufacturing processes and materials (metals, granites, composites, etc.)

ATTRIBUTES

A strong work ethic, dependability and responsibility, possessing a positive attitude, motivated to grow and learn.

WORK EXPERIENCE

Preferably with a minimum of 3 years of working experience in Contract Manufacturing (CM).

QUALIFICATIONS

Candidate must possess at least a Bachelor's Degree in Engineering and/or any other related technical field of study.