Should Costing Engineer

Intellectt Inc; Foster City (CA); On-site; USD 120,000 - 180,000; Full time

Job summary

Intellectt Inc in Foster City, CA is seeking a cost engineer to guide Designers for new or modified designs to achieve functionality at minimum cost, applying DFA/DFM tools and collaborating on a Design to Target approach in early product development planning.

You will develop cost targets for mechanical and electrical parts, provide should-cost analyses to procurement, perform teardown benchmarking, participate in VA/VE activities, and present monthly project cost updates to upper management.

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 a Bill of Materials.
• VA/VE techniques with strong financial awareness.
• Functional understanding of 3D CAD software (Creo preferred).

Responsibilities

• Provide cost guidance to Designers/Design Engineers for new or modified designs to achieve function at minimum cost.
• Apply DFA/DFM tools to analyze proposed designs and propose improvements.
• Collaborate on a Design to Target approach in early product development planning.
• Develop cost targets for mechanical engine parts (castings, stamped parts, extrusions, injection-moulded).
• Develop cost targets for electrical engine parts (harness, PCB, DC motors, batteries).
• Provide should-cost analyses to procurement for supplier negotiations.
• Perform teardown benchmarking and develop should-cost models.
• Participate in VA/VE activities and generate cost-reduction ideas.
• Present project cost updates with risks and opportunities to upper management monthly.
• Be a resource of cost information for organization and cost tracking of current products.

Education

Bachelor's degree in Mechanical/Manufacturing/Industrial or Electrical Engineering

Tools

BDI Boothroyd Dewhurst

A-priori costing software

Creo

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)