Should Costing Engineer

L&T Technology Services; Foster City (CA); On-site; USD 110,000 - 150,000; Full time

Job summary

LTTS in Foster City, CA seeks a cost optimization engineer to guide DFx in early product development. You will drive DFA/DFM analyses, create should-cost models, and set cost targets for mechanical parts and electromechanical assemblies.

You will collaborate with design, engineering and procurement to deliver cost reductions, perform VA/VE activities, read manufacturing drawings, and maintain BOM data and cost reporting for ongoing programs. Travel up to 10% is expected.

Qualifications

• Bachelor’s degree in mechanical, manufacturing, industrial or electrical 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 BOM development and application.
• Strong VA/VE techniques and financial awareness.
• Creo proficiency and MS Office skills.
• Travel up to 10%.

Responsibilities

• Provide guidance to designers for cost-effective designs.
• Apply DFA/DFM tools to propose improvements.
• Develop cost targets for mechanical and electrical parts.
• Provide should-cost analysis reports for procurement.
• Participate in VA/VE activities and cost-reduction ideas.
• Present project cost updates to management monthly.
• Maintain cost information across organization.

Skills

DFA/DFM methods

Costing/Should-Cost

VA/VE techniques

3D CAD Creo

Reading manufacturing drawings

BOM understanding

Cost reporting & analytics

MS Office proficiency

Travel readiness

Education

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

Tools

BDI (Boothroyd Dewhurst)

A-priori costing software

Job description

• 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 analyse 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 moulded) 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 moulding, extrusion, PCBA) and compatible materials.