Design-to-Cost Engineer | VAVE & Cost Analytics

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 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.