Costing Engineer

Creative Solutions Services, LLC; Fond du Lac (WI); On-site; USD 85,000 - 120,000; Full time

Job summary

Creative Solutions Services, LLC in Fond du Lac, WI is seeking an experienced Cost Engineer to guide Designers on DFA/DFM, develop cost targets for mechanical and electrical parts, and perform should-cost analyses for procurement.

You will collaborate with engineering on Design to Target, produce monthly cost reports, and participate in VA/VE activities to deliver cost reductions across production.

Qualifications

• Bachelor's degree in engineering.
• 7–10 years of industry experience.
• Proficient in BDI, A-priori or related costing software.
• Ability to read and understand manufacturing drawings.
• Working knowledge of Bill of Materials and its development.

Responsibilities

• Provide DFA/DFM guidance for proposed designs to minimize cost.
• Develop cost targets for mechanical parts (castings, stampings, extrusions, and injection molded) and electrical parts (harness, PCB, DC motors, batteries).
• Provide should-cost analysis reports to procurement for supplier negotiation.
• Conduct value analysis and value engineering activities to generate cost reductions.
• Prepare monthly cost updates and report risks and opportunities to management.

Education

Bachelor's degree in mechanical, Manufacturing, Industrial or Electrical Engineering

Tools

BDI (Boothroyd Dewhurst)

A-priori

Creo

Job description

Job Description & Skill Requirement:

• Provide guidance to Designers/Design Engineers for proposed new or modified designs to achieve required function at minimum cost.


• Apply design for assembly (DFA) and design for manufacturing (DFM) tools to analyze proposed new designs and propose potential improvements.


• Work with engineering on a Design to Target approach in early product development planning.


• Develop cost targets for mechanical engine parts (Castings, Stamped parts, Extrusions, and injection molded) based on information ranging from sample parts, CAD models, and engineering drawings.


• Develop cost targets for electrical engine parts (Harness, PCB, PCB assemblies, DC motors, Batteries) based on information ranging from schematics, CAD models, and engineering drawings.


• Provide should-cost analysis reports to procurement team for supplier negotiation purposes.


• Do competitive benchmarking/teardown analysis and develop should-cost models.


• Participate in value analysis (VA) and value engineering (VE) activities and generate cost reduction ideas on current production products.


• Present project cost updates along with risks and opportunities to higher management on monthly basis.


• Be a resource of cost information on assigned projects for the entire organization (upper management, marketing, sales, engineering, financial, manufacturing, etc).


• Provide the organization with monthly cost reports and cost tracking of current product.

Required Qualifications:

• Bachelor's degree in mechanical, Manufacturing, Industrial or Electrical Engineering.


• 7–10 years of industry experience.


• Proficient in BDI (Boothroyd Dewhurst Inc), A-priori or related costing software.


• Ability to read and understand manufacturing drawings.


• Working knowledge of a Bill of Material, its development and application.


• Practical knowledge of VA/VE techniques and strong financial awareness.


• Functional understanding of 3D CAD software (Creo Preferred).


• Proficient in Microsoft Office.


• Travel up to 10%.

Preferred Qualifications:

• In-depth knowledge of Manufacturing processes (Casting, Stamping, Injection molding, extrusion, PCBA) and compatible materials.


• Lean Six Sigma Green Belt Preferred.