Value Engineer I

Sear; Davenport (IA); On-site; USD 65,000 - 85,000; Full time

Job summary

Sear seeks a Value Engineer I in Davenport, IA to support cross-functional teams in reducing costs for new and existing products. You will identify opportunities to eliminate waste and improve margins through design and process improvements alongside the supply chain.

In this role you will lead value engineering projects, develop cost analyses, prepare reports, and create RFQs to ensure targets are met. Strong analytical skills and teamwork across engineering, manufacturing, and purchasing are

Qualifications

• Experience in value engineering or cost reduction initiatives.
• Ability to lead cross-functional projects and communicate findings.
• Strong analytical and data interpretation skills.

Responsibilities

• Lead strategic value engineering projects that optimize total cost through quality, design, manufacturing, and supply chain.
• Lead cross-functional assessment of new project costs and capital investments.
• Develop action items to support new product margins and report findings to leadership.
• Prepare make/buy cost analyses and present to teams.
• Conduct benchmarking to evaluate market value and should-cost analyses.
• Prepare reports for management at all levels as needed.
• Develop and implement goals aligned with company strategy.
• Monitor inflationary market trends and communicate to senior management.
• Create costed engineering BOMs for comparisons.
• Manage cross-functional meetings with customers and suppliers.
• Prepare RFQs and evaluate bids to meet cost targets.
• Audit system BOM accuracy with engineering and supply chain teams to resolve discrepancies.
• Participate in R&D to incorporate new technology and innovative solutions.
• Initiate Engineering Change Requests to improve efficiency, quality, and cost.

Skills

Value engineering

Cost analysis

Cross-functional collaboration

Project coordination

Vendor liaison

Tools

Excel

PLM/BOM tooling

Job description

The Value Engineer I is responsible for supporting various cross functional teams and projects related to new and existing product cost. The Value Engineer I is responsible for identifying opportunities for product improvement to eliminate waste and drive higher profit margins.

ESSENTIAL DUTIES AND RESPONSIBILITIES

This list of duties and responsibilities is not all inclusive and may be expanded to include other duties and responsibilities as management may deem necessary from time to time.

• -Lead strategic value engineering projects that support best total cost of product through quality, design, manufacturing process, and supply chain.
• - Lead the cross functional assessment of new project costs and capital investments.
• - Responsible for reporting and developing action items to support new product margins.
• -Prepare make / buy cost analysis and present to teams.
• -Conduct benchmarking events evaluating market value and should cost analysis.
• -Prepare reports for all levels of management as needed.
• -Develop and implement goals and initiatives consistent with company strategy.
• -Stay current and communicate inflationary market trends to senior management.
• -Create costed engineering BOM’s for cost comparisons.
• -Manage meetings with cross functional teams including customers and suppliers.
• -Create RFQ’s for supplier quotations and evaluate to make sure cost targets are achieved.
• -Audit system BOM for accuracy, and collaborate with engineering, manufacturing engineering, and supply chain to resolve discrepancies.
• -Participate in R & D development to incorporate new technology and innovative solutions.
• -Initiate Engineering Change Requests (ECR’s) to make changes to existing product to improve efficiency, quality, and cost.