Cost Engineer

Morgan Olson; Sturgis (MI); On-site; USD 70,000 - 110,000; Full time

Job summary

Morgan Olson is seeking a Cost Engineer to support design-to-cost activities in new product development and core design. You will drive should-cost modelling, perform labor and component cost analyses, and support value engineering initiatives to reduce production costs.

The role collaborates with design, manufacturing, and procurement to establish cost targets, track costed BOMs, and provide data-driven insights for future model development.

Qualifications

• Must interpret engineering drawings into should-cost modelling tools.
• Experience with Excel, JD Edwards, CAD, PDM.
• Knowledge of VAVE techniques and financial awareness.
• Associate degree in engineering or supply chain; Bachelor's preferred.

Responsibilities

• Initiate, analyze and drive Design-to-Cost trackers for NPD projects.
• Perform should-cost modelling for fabricated components.
• Make similar-to estimates for new component designs based on library of existing components.
• Perform labor-time studies and establish standard times for new installations.
• Perform Value Analysis / Value Engineering (VAVE) activities to generate cost reduction ideas through identification of process and product efficiencies that will reduce overall costs.
• Establish cost tracking and analysis for costed BOMs outside and inside ERP systems.
• Support Procurement in analysis and review of supplier cost breakdowns to drive cost reduction opportunities through negotiations with suppliers.
• Support competitive vehicle benchmarking to provide input for future model development and target costs.
• Perform analysis on best manufacturing approach for new components based on material, volume etc.
• Identify cost reduction opportunities.
• All other duties as assigned.

Skills

Should-cost modelling

Engineering drawings

Excel

JD Edwards

CAD

PDM

VAVE techniques

Financial awareness

Education

Associate degree in engineering or supply chain

Bachelor's degree preferred

Tools

Excel

JD Edwards

CAD

PDM

Job description

Morgan Olson is the leading walk-in van body manufacturer in North America producing over 7,500 vehicles annually. Morgan Olson’s portfolio of customers serves a multitude of industries and delivery applications. The primary industry served by these iconic Morgan Olson Walk-in vans is parcel package pick up & delivery because most everything ordered on-line is delivered by a Morgan Olson Walk-In Stepvan. Other key industries served include Textile Rental and Laundry services, baking and snack foods, newspaper delivery, service & utility vehicles, and the ever-growing mobile cuisine food trucks!

Morgan Olson’s leadership stands committed and focused. Reinvesting tens of millions of dollars back into Morgan Olson’s production facilities with state-of-the-art equipment and advanced automation technologies, producing the safest and most efficient "last mile" home delivery work trucks on the market today.

Job Title: Cost Engineer

Job Description:

Support design engineering product cost management activities through design-to-cost methods in new product development and core design.

Essential Functions and Activities:

• Initiate, analyze and drive Design-to-Cost trackers for NPD projects.
• Perform should-cost modelling for fabricated components.
• Make similar-to estimates for new component designs based on library of existing components.
• Perform labor-time studies and establish standard times for new installations.
• Perform Value Analysis / Value Engineering (VAVE) activities to generate cost reduction ideas through identification of process and product efficiencies that will reduce overall costs.
• Establish cost tracking and analysis for costed BOMs outside and inside ERP systems.
• Support Procurement in analysis and review of supplier cost breakdowns to drive cost reduction opportunities through negotiations with suppliers.
• Support competitive vehicle benchmarking to provide input for future model development and target costs.
• Perform analysis on best manufacturing approach for new components based on material, volume etc.
• Identify cost reduction opportunities.
• All other duties as assigned.

Qualifications:

• Demonstrated experience interpreting engineering drawings into should-cost modelling tools
• Demonstrated systems experience: Excel, JD Edwards (or equivalent), CAD, PDM
• Practical knowledge of Value Analysis / Value Engineering (VAVE) techniques and strong financial awareness
Minimum associate’s degree in engineering or supply chain with background in manufacturing, Bachelors preferred